Significant changes are occurring in the cryptocurrency world. Pi Network faces a sharp decline in value, while GateToken demonstrates remarkable growth. Meanwhile, BlockDAG launches a unique testnet with enhanced wallet functionalities.
Pi Network: Mobile Mining and Market Changes
The Pi Network allows users to mine cryptocurrency on mobile devices using the Stellar Consensus Protocol, which requires minimal battery and data usage. However, following the Mainnet launch on February 20, 2025, the price of Pi Coin fell significantly. Initially, it reached $1.97 but soon dropped by 62.63% to $0.737. By March 27, 2025, the price ranged between $0.84 and $0.85, which corresponds to a 70% drop from the February high.
GateToken: Strong Exchange Use and Burn Strategy
GateToken (GT) is used for fee reductions, participation in launches, and other privileges on the Gate.io platform. Since its launch in April 2019, GT has risen from $0.40 to $17.167 by the end of December 2024. By March 2025, GT's market capitalization exceeded $2.6 billion due to regular token burns that create supply scarcity.
BlockDAG's Beta Testnet: Wallet as Interaction Hub
The Beta Testnet by BlockDAG transforms the wallet into the central point for earning airdrops, mining, and testing smart contracts. Wallet users can track real-time balances and earn rewards for their activity. In the first 30 days, over 100 wallets were analyzed to assess usability and capability.
The cryptocurrency market landscape is shifting. Pi Network faces challenges, while GateToken shows growth through its features. Meanwhile, BlockDAG is demonstrating how wallets can be a crucial part of the ecosystem.
