As market sentiment shifts, cryptocurrency projects continue to attract investor attention. This article examines recent developments surrounding BlockDAG, Cardano, and Pi Network.
BlockDAG's U.S. Partnership and Presale Success
BlockDAG has introduced a new strategy by linking its U.S. partnership with its launch and presale success, having raised $326.5 million. Participation in the U.S. market, known for its regulation, aims to enhance credibility and visibility among investors. As of now, over 23.4 billion coins have been sold.
Cardano's Price Decline and Its Implications
The recent price drop of Cardano (ADA) by nearly 15% is attributed to increased selling pressure from long-term holders. Currently, ADA is trading around $0.55, placing it near a key support level. The more than 30% increase in trading volume indicates active selling, raising concerns about a near-term recovery.
Pi Network's Prospects Ahead of Pi2Day
The Pi Network price is trading in a narrow range between $0.54 and $0.74, forming a triangle pattern that may lead to a breakout. The upcoming Pi2Day event, scheduled for June 28, is drawing attention as analysts await the buyer response. A move above $0.74 could lead to a rise towards the $1 mark.
With the current market situation, BlockDAG shows promising activity and strategic steps, Cardano faces challenges, and Pi Network is under focused observation ahead of a significant event.
