Recent events in the cryptocurrency market reflected a mix of stability and changes. Pi Network holds its price, Near Protocol loses positions, while BlockDAG shows high interest from users.
Status of Pi Network and Its Market Impact
Pi Network remains at around $0.44, having recorded a slight decline of 2-3% over the past 24 hours and nearly 9% for the week. The project's push for users to complete KYC and enable two-factor authentication did not lead to price changes, despite community engagement.
Many users are still experiencing issues with wallet activations and unresolved migration errors. Current trading at the price level is more influenced by user sentiment than by internal announcements or social media activity.
Near Protocol Price Decline
The price of Near Protocol dropped to $2.89 after briefly rising to $3.01, driven by a surge in trading volume that exceeded 5 million, more than double the daily average. This led to a sharp shift in short-term price dynamics.
Resistance was noted at $2.93 while support held at $2.88, framing a clear downtrend. Several sell-offs within the hour confirmed the growing bearish pressure in the market.
BlockDAG's Success and Its User Impact
BlockDAG conducted a unique live demo showcasing its mining technology in real time. CEO Antony Turner and CMO Nicolaas Van Den Bergh demonstrated how the X1 mobile miner interacts with the X10 device. The result of the live demo was over 18,860 units sold and $7.6 million in miner revenue.
Sales of BlockDAG's hardware are gaining speed, leading to an increase in the number of X1 app users, available to over 2.5 million people worldwide.
Recently, the cryptocurrency market demonstrates varying dynamics: Pi Network awaits action, Near Protocol faces price pressures, while BlockDAG confirms its practicality. These events create interesting forecasts regarding short-term trends in the industry.
