On the current cryptocurrency market, several key projects, including BlockDAG, Cardano, and Pi Network, are drawing investor attention. Each demonstrates different trends and challenges.
BlockDAG's Success and Its US Sponsorship
BlockDAG is strategically taking steps to capture attention in the crypto market. Recently, the project announced a US sponsorship, coinciding with the end of its presale and upcoming exchange listings. Over $326 million has been raised, with more than 23.4 billion coins sold. This creates a solid foundation for further growth and recognition, allowing BlockDAG to position itself as a leader in this segment.
Cardano's Problems and Old Holder Sell-offs
Cardano is facing significant challenges, having fallen below key support levels. In the past week, ADA has lost nearly 15%, leading to increased selling volume. Data indicates that long-held ADA is being sold off, creating additional risks for further declines. If ADA cannot hold above $0.57, there is a possibility of dropping to $0.50.
Pi Network's Expectations Ahead of Pi2Day Event
Pi Network's price is fluctuating within a narrow range between $0.54 and $0.74. This triangular pattern could lead to sharp moves. With the Pi2Day event approaching on June 28, analysts are closely monitoring developments. A breakout above $0.74 could lead to gains, while a drop below $0.40 would increase risks.
Despite the challenges faced by Cardano and Pi Network, BlockDAG shows impressive growth and gains popularity through strategic sponsorship. These factors create an interesting dynamic in the cryptocurrency market.
