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Cryptocurrency Market: $100M Airdrop of BlockDAG, Cardano Weakens, and Pi Network's Hopes

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by Giorgi Kostiuk

6 hours ago


Upcoming events in the crypto market illustrate a divide between established projects and new players. BlockDAG catches attention through a successful presale and airdrop, while Cardano faces challenges.

Financial Results of BlockDAG and Its Airdrop

BlockDAG is currently in stage 29 of its presale, priced at $0.0020 with over $321 million in funding secured. The project is offering airdrop of 100 million BDAG tokens aimed at stimulating user engagement, contributing to its development and feedback.

Challenges for Cardano in the Market

Cardano (ADA) continues to face issues as prices decline and analytical signals indicate a worsening situation. ADA's price fell below the support level of $0.71, with a potential further drop to $0.51. This is occurring against a backdrop of declining activity among large holders and a drop in average coin age.

Expectations Surrounding Pi Network Before Key Announcement

As June 28 approaches, when the Pi Network team is expected to announce important parameters for Global Consensus Value (GCV), anticipation among fans is rising. It is expected that this announcement will affect market sentiment, especially in Asian and African regions.

While BlockDAG demonstrates impressive results and active user engagement, Cardano continues to decline, and Pi Network stands on the brink of potential breakthroughs with the forthcoming announcement.

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