The cryptocurrency market is witnessing significant changes: the PI coin continues to fall, Shiba Inu shows bullish signals, and BlockDAG launches its beta testnet.
PI Coin Price Slumps Amid Uncertainty
The PI coin price has dropped by 12%, reaching $0.81. The total decline over the week stands at 28%. This drop is attributed to investor frustration over delays in the mainnet launch and other anticipated events like the domain auction. Investors are calling for clarification from the development team as the lack of communication is raising doubts.
Shiba Inu's Price Outlook Improves After Technical Breakout
Shiba Inu's (SHIB) price shows positive trends after a successful breakout, gaining 12%. Trading volume surged by 228%, and analysts speculate that further rallies are possible, supported by a classic cup-and-handle pattern. Short-term targets range from $0.00002550 to $0.0001833, although RSI indicators suggest caution.
BlockDAG Launches Beta Testnet and Sets New Goals
BlockDAG introduced its beta testnet during the Keynote 3 presentation. The testnet launch brought improvements in transaction speeds and functionalities. CEO Antony Turner emphasized the focus on building community tools. Plans for listing BDAG on several centralized exchanges are underway, with the presale already raising over $210.5 million.
The cryptocurrency market continues to evolve: the PI coin's decline reduces investor confidence, Shiba Inu shows signs of growth, and BlockDAG's beta test launch generates increasing interest.
