The cryptocurrency market has recently experienced significant shifts. On one hand, the BlockDAG project achieves substantial presale success, while on the other, prices for ICP and PI are declining, raising concerns among investors.
BlockDAG Presale Success
The presale of the BlockDAG project has surpassed the $381 million mark, indicating a strong interest from investors. Over 25 billion coins have already been sold, and since the beginning of sales, ROI has surged to 2660%. This success is attributed to the steady development of the project and a clear roadmap for its mainnet launch.
ICP Price Drop
The price of ICP fell by 7% between August 17 and 18, dropping from $5.67 to $5.27. This decline broke through the key support zone at $5.48, raising doubts about institutional interest. Trading activity surged nearly twofold during this time, indicating selling pressure from larger players.
Issues with PI Token
Speculation about a potential mainnet migration for the PI token in 2025 led to a 5% decrease in its price. Community moderators' remarks on unlocking un-migrated balances and other rewards exacerbated uncertainty. Technically, the token failed to hold above the $0.37 support level, which could lead to further price declines.
Recent changes in the cryptocurrency market demonstrate how quickly investor sentiment can shift. While BlockDAG shows stable success and development, tokens like ICP and PI face pressures and difficulties from larger market players.
