April has seen significant changes in the crypto market. Pi Coin experienced a sharp decline, while Cardano maintains stability. Additionally, BlockDAG launched a podcast series.
Pi Coin Price Drop
In April, the price of Pi Coin fell by 16%, continuing its downtrend from February peaks. Market participants faced an increase in supply, with over 188 million tokens released, putting downward pressure on prices. Delays in exchange listings further exacerbated the negative sentiment.
Stability of Cardano and Its Potential
The price of Cardano at the beginning of May remains just below the $0.70 mark and is stable within a key support range between $0.66 and $0.68. The 0.618 Fibonacci level at $0.676 is a vital point where a battle is occurring between buyers and sellers. As Cardano maintains an upward trend, a test of the resistance at $0.72 may be possible.
BlockDAG Podcast Series and Its Impact
BlockDAG has launched a new podcast series focusing on transparency and community engagement. Three episodes have been released and received positive feedback and significant attention. This initiative allows the team to provide important updates about the project's progress and strengthens the trust between them and the community. Despite the first batch of tokens being sold out, interest in the new offer continues to grow.
The situation in the crypto market continues to evolve. Pi Coin needs new listings to recover, while Cardano demonstrates resilience. The BlockDAG podcast series highlights the importance of community connection.
