Crypto markets are at a crucial stage: Pi Coin is plummeting, SUI is steadily recovering, and BlockDAG is moving forward with its beta testnet launch, announcing a $60,000 reward pool.
Pi Coin's Price Drop and Recovery Prospects
Pi Coin is experiencing a sharp decline, with a 30% drop this week pushing it out of the top 30 in market capitalization. The current price stands at $0.77, significantly below its recent high. The market braces for a supply spike with 105.96 million Pi Coins expected to be released within 30 days, creating additional selling pressure. The absence of a Binance listing adds to the concerns, yet some investors anticipate a potential reversal. Technical indicators suggest a potential surge could bring the price back to $5.
SUI's Recovery: Reaching New Heights
SUI is gaining attention again with a 10% rise this week, crossing the important $2.40 mark. This recovery is driven by increasing institutional interest and speculation about a possible SUI ETF. On Wednesday, SUI briefly reached $2.65, indicating strong upward pressure. If it stays above $2.40, the next levels are $2.80 and its January peak of $5.37.
BlockDAG Beta Testnet Launch: Rewards and New Opportunities
BlockDAG has crossed a significant milestone by launching its beta testnet, bringing the project closer to its mainnet release. A $60,000 reward pool has been announced for participants, with the community already exceeding 170,000 members. Over $210.5 million has been raised in presale stages, with more than 19 billion BDAG coins purchased. The new phase allows users to easily create tokens with an enhanced token and NFT wizard. The platform is rapidly growing, engaging more than 800,000 users on the X1 Miner App.
Speed and progress are essential in crypto projects, and BlockDAG is advancing faster than the rest. While Pi Coin faces high selling volumes and SUI builds on initial recovery signs, BlockDAG consistently progresses.
