BlockDAG Unveils Beta Testnet – While Shiba Inu Down 8%, & Cardano Remain Stuck at $0.6

As meme coins wane and large holders sell, Shiba Inu’s price continues to slide, despite expansions in its network. Meanwhile, Cardano sees significant sales, with 120 million ADA sold in just two days. Amid these market shifts, one platform is making strides by equipping creators with the tools they need, rather than just promises.

BlockDAG’s recent beta testnet release introduces a no-code token and NFT creation tool. This tool, akin to a Shopify for crypto, enables users to design and launch Web3 projects effortlessly. The outcome? An increase in token and NFT launches, enhancing reasons to engage with BDAG. For those eyeing the crypto market, BlockDAG (BDAG) offers tangible utility and compelling reasons to pay attention.

BlockDAG’s No-Code Tool Makes Web3 Accessible to All

BlockDAG’s recent initiative goes beyond enhancing blockchain speed or security – it democratizes access. With the new no-code tool for creating tokens and NFTs now available on the beta testnet, anyone can engage in Web3 development without any coding expertise. This user-friendly approach transforms the platform into a hub for creators who might feel overwhelmed by the technical demands of networks like Ethereum or Solana.

This ease of use is significant. Every new token or NFT made with BlockDAG’s tool runs on BDAG, creating more transactions and increasing demand for the coin – a virtuous cycle of utility. As the testnet progresses and the mainnet launch nears, BlockDAG stands out as a crypto worth watching, with its value clearly linked to its usage.

The beta testnet, launched on March 28, also features improved blockchain explorers, faucet access, and a dashboard tailored for creators. Additionally, it offers a $60,000 reward pool, with $2,000 in BDAG allocated to the top 10 most active users. Already, over 110,000 participants are testing the network, helping refine its performance ahead of the mainnet launch.

BlockDAG’s ongoing presale is in its 27th batch, with BDAG priced at $0.0248. To date, over 18.8 billion coins have been sold, raising more than $212 million. BlockDAG is rapidly gaining traction among both users and developers, making it a noteworthy crypto to consider.

Shiba Inu Struggles Amid Network Growth

Despite an active network, Shiba Inu’s price continues to fall. Currently, it is trading at $0.00001226, marking an 8.28% decrease this week and a 55% drop year-over-year. The Shibarium network has surpassed 1 billion transactions, yet 62% of SHIB holders are experiencing losses. The token burn rate has also decreased, with 37.6 million SHIB burned in the last day—a 60% reduction from the day before.

Shibarium’s transition to real-world applications has not boosted SHIB’s value. Trading volumes have decreased by 40% in the last 24 hours, and with the majority of SHIB controlled by large holders, price fluctuations continue to be erratic. Without sustained demand or effective token burns, the downward trend in Shiba Inu’s price may persist, potentially leading to further losses for holders.

Cardano Faces Volatility from Whale Transactions

Cardano has experienced significant trading activity, with 120 million ADA sold over two days. This has reduced the total ADA held in large wallets from 5.84 billion to 5.71 billion. Cardano’s price briefly fell to $0.61, then recovered to $0.66, but it still shows a nearly 6% decline over the week. The proportion of ADA held by whales has decreased to 8.48%, with retail holders now owning 71.17% of the supply.

This trend highlights a shift away from short-term traders, who have decreased by 16.36%. Despite market pressures, institutional interest remains strong, with Cardano-focused exchange-traded products (ETPs) receiving $0.6 million in new inflows last week, bringing the 2025 total to $70 million. Although whale activity has affected short-term prices, long-term institutional engagement appears robust.

Overview of Market Dynamics

The ongoing price declines of Shiba Inu and the active selling by Cardano whales are creating challenges for both communities. This situation is characterized by decreased trading, insufficient token burns, and ongoing sell-offs. As participants await market recovery, there is a growing interest in platforms that offer greater utility and simpler user interfaces.

In this environment, BlockDAG introduces a significant tool: a no-code wizard for creating tokens and NFTs, making Web3 accessible to non-developers. Every operation on the platform engages BDAG, linking usage directly to the coin’s demand. For those exploring crypto options, BlockDAG provides practical tools that are already in use. With its crypto presale now exceeding $212 million, the platform continues to gain momentum.