Recent events in the cryptocurrency market are marked by Pi Coin's price drop, growing interest in Shiba Inu ETF, and significant growth of BlockDAG.
Pi Coin Price Decline
The price of Pi Coin has dropped by 44% over the past ten days, currently at about $1. This decline follows Binance's decision not to list the coin, undermining user trust and leading to a decline indicated by low Chaikin Money Flow metrics, suggesting a steady outflow of capital.
Increase in Story (IP) and Interest in Shiba Inu ETF
Story (IP) has seen a 13% increase over the last day, supported by a 180% boost in trading volume. Analysts note that the price has broken significant technical levels, while interest in a potential Shiba Inu ETF continues to rise, creating a new backdrop for discussions on cryptocurrency strategies.
BlockDAG's Journey to $600M Valuation
BlockDAG has quickly become a prominent player in the cryptocurrency market, raising over $5 million shortly after its third keynote event. With a presale total exceeding $212.5 million, it aims for a $600 million valuation, having already processed over 1.2 million transactions through more than 100 community nodes.
Recent events highlight significant changes within the crypto market. The decline of Pi Coin, growth of Story (IP), and the ambitions of BlockDAG underscore the dynamic situation and the need to monitor the further developments of these projects.
