Amid a general downturn in cryptocurrency prices, Bittensor and Pi Network face difficulties, while BlockDAG shows more confident results.
Bittensor: Hitting Resistance
Bittensor (TAO) has pulled back this week after briefly hitting $285, now trading below $270. The $282–$285 range served as strong resistance. Without renewed momentum, TAO could fall to the $245–$250 zone. Technical indicators also suggest a pause, daily volume is down, and the RSI has slipped to a neutral 52–55. While Bittensor remains a leading platform in the AI blockchain space, recent price movements indicate a cooldown rather than a breakout.
Pi Network: Market Loses Patience
Pi (PI) has dropped below $35, continuing its decline from the sharp selloff in May. Despite early buzz, Pi hasn’t found stability. Reports show user activity is slowing down, and community interest is fading. The main issue is a lack of access: Pi’s mainnet remains closed, and it is not listed on major exchanges, limiting trading and usability.
BlockDAG: Preparing for Launch
BlockDAG (BDAG), on the other hand, is showing activity. The company has raised over $309.5 million and sold 22.8 billion coins. The testnet creation is in full swing, smart contracts are being implemented, and 20 exchanges are preparing to list. BlockDAG offers a price of $0.0018 for a limited period, attracting investor attention.
Bittensor and Pi Network face challenges, while BlockDAG prepares for launch with significant potential. In the current environment, the prospects for these projects remain uncertain.
