LTC Price Drops 12% & SHIB Struggles—Devs Gear Up as BlockDAG’s Hackathon Series Kicks Off in March!

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The crypto market has been a mixed bag recently, with some tokens struggling, while others are gaining serious momentum. The Litecoin (LTC) price drop has raised concerns after a steep 12% decline, dipping below $100 before clawing back up. Analysts are watching closely to see if this is just a blip or the start of something bigger. Meanwhile, the Shiba Inu (SHIB) price is stuck in limbo, battling resistance at the 26-day EMA, with low trading volume making it difficult to push higher.

On the other end of the spectrum, BlockDAG (BDAG) races ahead—its presale surpassing $202.5 million, showing early holders a 2,380% ROI, and now preparing for a global hackathon series starting in March. BlockDAG’s heavy emphasis on ecosystem growth puts it in the running to be the top crypto for 2025.

Key Observations on The 12% Litecoin Price Drop

Analysts have noted the Litecoin (LTC) price drop of over 12% in one day, driving LTC below the $100 mark before lifting back up marginally, sitting at $101.51 now. Traders report that the RSI now sits in oversold territory, hinting at a possible short-term bounce, which is already coming to fruition.

The Chaikin Money Flow has turned more negative, indicating reduced capital inflows and a cautious sentiment among participants. Some believe the Litecoin price drop may persist if the asset fails to hold above $92.5, potentially opening a path to $80. Observers remain watchful to see whether this Litecoin price drop signifies deeper issues or simply reflects short-lived pessimism.

SHIB Price Struggles to Hold Above The 26 EMA

Observers have seen the Shiba Inu (SHIB) price struggle against the 26-day Exponential Moving Average, creating frustration for those anticipating a breakthrough. The token currently hovers near $0.00001326, and each attempt to breach the EMA has resulted in a swift rejection.

Reduced trading volume also seems to be affecting the Shiba Inu price, as sellers appear more active than buyers. A stable hold above $0.00001550 could encourage a climb toward $0.00001700 or even $0.00001800, though such progress might require a fresh burst of demand. Holders are trying to remain hopeful, but SHIB’s price continues to face strong resistance, keeping traders on their toes.

Hackathon Series Set To Take BlockDAG To Next Level

BlockDAG is smashing presale records having reached batch 27, surpassing $202.5 million raised so far and selling 18.7B coins since the presale began. The current coin price stands at $0.0248 and early backers have already seen returns of 2,380%. But BlockDAG is just getting started, the project has eyes on a $600 million target, and organizers believe the upcoming global hackathon series in March 2025 will take things to a whole new level.

This event invites crypto enthusiasts from every corner of the globe, offering serious grants, real-world integration opportunities, and BDAG coins as rewards. The hackathon series has been designed for developers, blockchain degens, and simply anyone with a killer idea – this is their chance to build, compete, and get noticed.

Partnerships with established developer communities such as HackerEarth boost the event’s visibility, allowing participants to display their projects to potential investors, partners and industry legends. The program encourages new ideas, fosters breakthroughs, and helps participants connect with the community. Top mentors will guide teams, and there is an emphasis on collaboration and real-world impact.

The Hackathon Series isn’t just another event—it’s a catalyst for the future of BlockDAG. By bringing in new talent and fresh ideas, the project intends to build a stronger ecosystem. For developers serious about leaving their mark on the blockchain world, they won’t want to miss this!

What’s Next for Crypto?

The Litecoin (LTC) price drop and Shiba Inu (SHIB) price struggles highlight how unpredictable the market can be. LTC has seen a 12% drop and analysts are debating which way the coin will go. SHIB hovers around $0.00001326 but will need to see huge renewed demand to head back up towards previous highs.

BlockDAG continues to break new ground, surpassing $202.5 million in presale funding, with early backers already seeing a 2,380% ROI. As its hackathon series begins in March, excitement is growing around its role in blockchain development.

Analysts suggest BlockDAG could claim the title of top crypto for 2025, as the presale continues to grow by the day. Especially with major developments ahead, those looking for fresh opportunities may want to keep BlockDAG on their radar as its ecosystem expands.