This week has been volatile for several major crypto assets, and not all tokens are faring well. PI Coin continues its decline, while Chainlink faces uncertainty.
PI Coin: Price Decline and Market Pressure
The price of PI token is under pressure, having dropped 61% in the last month and 18% just this past week. Currently, the price hovers around $0.6655, uncomfortably close to its all-time low of $0.6157.
This downward pressure is driven by a combination of factors, including upcoming token unlocks and the lack of strong listings on major exchanges. If PI dips below the key $0.65 support, analysts suggest a new low may not be far off.
Chainlink: Price Forecast and Current Status
The price prediction for Chainlink (LINK) is looking more cautious, as the asset slips below $13 after rejecting at $14. Despite a recent surge in trading volume by 50% to $620 million, the market's response remains muted.
Technical signals show the RSI at 38, indicating continued bearish pressure. Although some projections point to a potential 23% upside by late April, the lack of strong buying activity has left LINK in a holding pattern.
BlockDAG: A New Project Focused on Security
While Pi and LINK seek footing, BlockDAG is gaining attention with its focus on security. Its Keynote 3 emphasized security issues, and its promises to strengthen infrastructure stand out amidst broader concerns within the crypto industry.
Chief Security Officer Dr. Youssef Khaoulaj noted, "Security is not a feature — it's the bedrock upon which we've built everything." These measures have already resulted in successful audits from CertiK and Halborn.
Technically, BlockDAG has implemented Multi-Party Computation for treasury protection, enhancing resilience and fault-tolerance, positively affecting its market reputation.
At this moment, we observe the differing behaviors of three crypto assets. The price of PI Coin continues to decline, Chainlink adopts a cautious approach, while BlockDAG captures attention with its security focus and growing popularity among buyers.
