This article reviews recent events in the cryptocurrency market, including the volatility of the Jupiter token, the rise in Pi's valuation, and the upcoming launch of BlockDAG.
Volatility of Jupiter (JUP) Token After Unlock
The recent unlocking of 1.7 billion Jupiter (JUP) tokens has led to significant market fluctuations. Prices are under pressure as early backers either sell off their assets or hold tight in hopes of further growth. Jupiter's main strength lies in its powerful liquidity routing engine, which ensures fast and efficient trades on Solana's DeFi network.
Pi Network's Valuation Growth Amidst Web3
Pi's valuation has reached $3.48 billion, attracting additional investments despite the open mainnet not being launched yet. The project's foundation is its mobile mining model, which has built an extensive user base. Recent shifts aimed at Web3 integration and broader use-case support have increased credibility for the company's direction.
Final BEAT VESTING Window Before BlockDAG Launch
The BlockDAG project is reaching a critical point in its crypto presale with the reintroduction of the BEAT VESTING PASS, active until August 4. Notably, this allows participants to enjoy full liquidity from the launch date. The presale coin value is set at $0.0016 until the official launch on August 11, with a launch price of $0.05. The program has raised over $356 million, leading to the sale of more than 24.5 billion tokens.
Jupiter's activity has introduced some changes in market dynamics, while the token's future hinges on the market's ability to absorb the significant volume of unlocked tokens. Pi's valuation continues to rise due to speculative interest, despite the launch delay. In contrast, BlockDAG shows solid metrics and a clear launch plan, creating favorable conditions for growth.
