Why BlockDAG's Early Sale Outshines AVAX and SHIB's Return to the Crypto Scene

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Why BlockDAG's Early Sale Outshines AVAX and SHIB's Return to the Crypto Scene

Bitget-RWA2025/10/25 17:26

By:Bitget-RWA

- BlockDAG's $430M presale nears $600M target, with 27B tokens sold at $0.0015, driving speculation about Kraken/Coinbase listings. - Kraken secures $500M funding at $15B valuation, plans IPO by year-end and U.S. derivatives platform expansion via NinjaTrader acquisition. - AVAX and SHIB show cautious recovery but remain overshadowed by BlockDAG's EVM compatibility, 2,000-15,000 TPS throughput, and presale momentum. - Influencer-driven listing rumors and 3.5M X1 app miners boost BlockDAG's infrastructure,

Activity in the cryptocurrency sector is on the rise, with BlockDAG fueling speculation about reaching a $600 million fundraising milestone. Meanwhile, leaks involving Kraken and

Coinbase

have taken the spotlight away from the recovery momentum seen in

Avalanche

(AVAX) and

Shiba Inu

(SHIB). Both AVAX and SHIB are regaining ground as market sentiment improves, but BlockDAG’s prospects for exchange listings and its technological progress are drawing considerable investor interest, as noted by

The Crypto Updates article

Why BlockDAG's Early Sale Outshines AVAX and SHIB's Return to the Crypto Scene image 0

Kraken is also preparing for a significant milestone. The platform raised $500 million in September, led by Apollo Global Management, Oppenheimer, and HSG (formerly Sequoia Capital China), bringing its valuation to $15 billion, as detailed in a

TradingView report

. This comes after a record-setting third quarter, with revenues climbing to $648 million—a 114% increase from the previous year, according to a

Yahoo Finance report

. Kraken’s co-CEO Arjun Sethi and Tribe Capital also joined the funding round, as reported by

Reuters report

, reflecting strong confidence in Kraken’s growth strategy, which includes acquiring NinjaTrader and the Small Exchange to establish a U.S. derivatives platform. The exchange is planning to file for an IPO by the end of the year, aiming for a public listing in the first quarter of 2026.

Avalanche (AVAX) and Shiba Inu (SHIB) are showing signs of cautious recovery.

AVAX

has bounced back to $38.20 after testing crucial support, with some analysts predicting a possible surge above $40. Its growing DeFi landscape and Subnet expansion have drawn institutional developers, though attention is divided as BlockDAG’s listing rumors continue to trend online.

SHIB

, currently trading near $0.000028, has posted a 5% gain over the past week but faces bearish signals, such as a descending triangle pattern that could drive its price down to $0.000006 if support is lost, according to a

Coinpaper analysis

. While whale accumulation and the Shibarium Layer-2 network provide hope for the long term, short-term price swings remain a concern.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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