Ethena has shown progress, but questions remain about stability, even as some market commentators point to growth tied to its synthetic dollar system. Shiba Inu, on the other hand, continues to reflect sentiment cycles with price swings, while its large supply remains a constraint cited by critics. Taken together, these dynamics highlight how difficult it can be to separate usage signals from short-term speculation in crypto markets.
BlockDAG says its “Awakening Testnet” will go live on September 25. The project describes the testnet as a venue to demonstrate items such as chain syncing, miner integration, vesting mechanics, and ledger updates ahead of a planned mainnet launch and an ongoing token sale.
BlockDAG: Awakening Testnet timeline and project updates
BlockDAG says it is preparing to launch its Awakening Testnet on September 25. In project materials, the testnet is framed as a public environment intended to evaluate synchronization, vesting-related logic, and ledger changes under load.
The project also says it is running these systems ahead of mainnet while its token sale continues. As with any early-stage network, third-party verification of performance and adoption claims may be limited until independent data and sustained usage are available.
According to the project, nearly $410 million has been raised to date, including roughly $40 million in the last month. BlockDAG also states that the token sale price is $0.0013 in its current phase and that it has more than 312,000 holders. These figures have not been independently verified in this article.
BlockDAG further claims that more than 20,000 “X-Series” miners are in use across 130 countries and that 3 million people mine through its X1 mobile app. If accurate, these numbers would indicate a sizable early user base, though mining activity and app installs do not necessarily translate into long-term network demand.
For observers, the testnet may provide additional information about how the project’s design performs in practice. Any future price targets discussed by market participants remain speculative and depend on broader market conditions, token distribution, liquidity, and sustained adoption.
Ethena: ENA activity alongside USDe adoption
Ethena has been building traction by pairing its ENA token with the synthetic dollar product USDe, which the project says is seeing broader access through fiat on-ramps such as Transak. Supporters argue that easier access can expand use cases beyond trading.
Some analysts and traders also cite factors such as sUSDe staking participation, funding-rate-linked strategies, and large-holder positioning as signals of interest, though these indicators can change quickly and are not reliable predictors of price. At the time of writing, ENA has been trading around the $0.70–$0.75 range, with market commentary often focusing on resistance levels near $0.77–$0.85.
Looking further out, public forecasts sometimes suggest higher price ranges if adoption accelerates and USDe’s role expands across platforms, but such projections are uncertain and should be treated as speculation rather than expectations.
Risks mentioned by commentators include token unlock schedules, concentration among large holders, and regulatory scrutiny around stablecoins and stablecoin-like products. These factors can materially affect both liquidity and market pricing.
Shiba Inu market trend and current technical levels
The Shiba Inu market trend has been marked by sharp rallies and pullbacks, with recent prices moving between $0.00001300 and $0.00001450. Commonly cited support sits near $0.00001280, while resistance is often discussed around $0.00001450–$0.000015.
Some analysts point to technical signals and large-holder activity, including reports of a 500 billion SHIB purchase, as evidence of continued interest. At the same time, the token’s supply—often cited at nearly 589 trillion—can influence how market participants think about upside and valuation.
Forward-looking targets cited online range widely and depend on multiple breakouts, sustained demand, and broader market conditions; as with other meme tokens, social attention and liquidity can be significant drivers. Token burns may affect supply over time, but the market impact depends on burn rate and overall trading activity.
Overall, SHIB remains a heavily sentiment-influenced asset that can see heightened volatility, which may not align with the risk profile of all participants.
Summary
Ethena and Shiba Inu continue to draw attention as traders watch key support and resistance levels and evaluate adoption indicators. Both assets carry market and execution risks, and price moves can be influenced by liquidity conditions and broader crypto sentiment.
BlockDAG, meanwhile, says it plans to use its Awakening Testnet as a public demonstration of network components ahead of mainnet and alongside its token sale. Independent verification of performance, participation, and fundraising claims is important when assessing early-stage projects.
Project website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. As with any initiative within the crypto ecosystem, readers should do their own research before participating, carefully considering both the potential and the risks involved. This article is for informational purposes only and does not constitute financial or investment advice.
