Amidst market volatility, Solana and Pi Coin lose ground, while BlockDAG draws attention with its innovative architecture and strategies.
Solana Experiences Sharp Price Drop
Since early February, Solana's price dropped from $290 to $112, driven by the meme coin boom on the platform. These tokens temporarily increased activity and fees but significantly damaged Solana's reputation. As a result, monthly fees fell from $252 million in January to $23 million, and active users dropped from 97 million to 67.8 million.
Pi Coin Falls Amid Bearish Signals
Pi Coin has dropped over 22% in the past week, currently trading around $0.8842. Technical indicators suggest continued downside. Specifically, the Rate of Change stands at -37.254, reflecting strong downward pressure. Meanwhile, the Relative Strength Index (RSI) is near oversold territory, indicating potential short-term relief but no reversal.
BlockDAG Attracts Over 110,000 Investors
BlockDAG’s Beta Testnet is a large-scale test of its technology and community, attracting over 110,000 investors. Participants received 10,000 testnet tokens distributed via smart contracts. This approach allows investors to actively engage with the network and test real-world use cases.
In a volatile market, projects often reveal their priorities. Solana and Pi Coin face challenges, creating opportunities for new solutions like BlockDAG that draw attention with community-oriented innovations.
