The Shiba Inu community is focused on a pivotal 37.5 ETH governance vote. This update highlights an active period in the crypto market as each entity carves its path forward.
Shiba Inu Community Votes on Strategic Use of 37.5 ETH, Cronos (CRO) Nears Major Breakout, and BlockDAG CEO Outlines Hybrid Blockchain Model in Latest AMA
The Shiba Inu community recently engaged in a pivotal vote regarding the allocation of 37.5 Ethereum (ETH) received from Welly’s. After two days of polls, the community overwhelmingly chose to place these funds into a new multi-signature wallet, to be overseen by notable figures including Shytoshi Kusama and core developers. This decision will enable the Shiba Inu team to utilize the funds for strategic initiatives within the SHIB ecosystem.
Meanwhile, Cronos (CRO) is nearing a critical resistance mark at $0.08, following a 120% surge in 2023. As the CRO price continues to rally, traders are anticipating a potential breakout. However, a technical analysis by Gov Capital suggests that CRO could face resistance at $0.08 and may need additional bullish momentum to cross this threshold.
In other news, BlockDAG CEO Antony Turner participated in an AMA session, discussing the company's innovative hybrid blockchain approach. This model combines Bitcoin’s security and decentralization with Kaspa's speed and scalability. Turner also highlighted BlockDAG's user-friendly mining solutions, ranging from the BlockDAG X1 Miner app for mobile devices to the more advanced X10, X30, and X100 mining devices.
Here are the key highlights from each story:
Shiba Inu Community Votes on Strategic Use of 37.5 ETH
The Shiba Inu community recently engaged in a crucial vote regarding the allocation of 37.5 Ethereum (ETH) received from Welly’s. After two days of polls, the community overwhelmingly chose to place these funds into a new multi-signature wallet, to be overseen by notable figures including Shytoshi Kusama and core developers. This decision will enable the Shiba Inu team to utilize the funds for strategic initiatives within the SHIB ecosystem.
The polls closed on February 21, revealing a dominant preference for placing the 37.5 ETH into a new multi-signature wallet. This option garnered an overwhelming 84.95% of the vote, indicating a clear communal choice. In contrast, the lesser-supported option favored burning the funds, ultimately garnering only 15.05% of the vote.
This decision showcases the community's preference for re-acquiring and bolstering the SHIB ecosystem rather than pursuing purely deflationary tactics. Notably, SHIB trades at $0.00001311 at the time of writing, reflecting a market that remains cautiously optimistic about the token's prospects.
Cronos (CRO) Eyes Major Breakout as Price Nears $0.08 Resistance
Cronos (CRO) is currently on the cusp of a pivotal breakout, consistently testing the critical resistance mark at $0.08. Commencing 2023 at around $0.04, CRO has rallied over 120% year-to-date. However, a technical analysis by Gov Capital suggests that CRO could face resistance at $0.08.
According to the analysis, CRO may need additional bullish momentum to cross this threshold. Should it successfully break out of this resistance level, the path to $0.090 appears increasingly plausible. Notably, CRO trades at around $0.07844 at the time of writing.
Cronos (CRO) price chart for 2024, 2025, 2028, and 2030. Source: Gov Capital
Moreover, the analysis anticipates that CRO could potentially escalate to $0.1006 within 2024, with a more distant yet promising forecast of reaching $1.08 by 2030. This bullish outlook is largely attributed to strategic technological developments, including the launch of the Cronos cross-bridge mainnet.
BlockDAG CEO Unveils Hybrid Blockchain Model in Latest AMA
BlockDAG CEO Antony Turner participated in an AMA session, discussing the company's groundbreaking hybrid structure, which expertly melds Bitcoin’s robust security and decentralization with Kaspa's renowned speed and scalability. This innovative approach is poised to tackle the prevalent limitations faced by traditional blockchain technologies, marking a significant advancement in the crypto landscape.
During the session, Turner highlighted BlockDAG's commitment to democratizing crypto mining. The project introduces accessible mining solutions that cater to both novices and experts. With the BlockDAG X1 Miner app, users can mine up to 20 BDAG coins daily using just their mobile devices.
In contrast, the more advanced X10, X30, and X100 mining devices escalate earnings significantly. The X100 model boasts the potential to mine up to 2,000 BDAG coins per day. Commencing at
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