The current situation in the crypto market displays conflicting signals, with some projects like Shiba Inu attempting recovery, while others like PI Network face growing uncertainties among their audience. In this context, BlockDAG stands out with its successes and reliable prospects.
Shiba Inu (SHIB) Tries to Maintain Strength
Shiba Inu, although a memecoin, continues to have a strong community backing. Recently, its price has climbed to around $0.000012, despite 87% of its holders being in the red. Reports indicate that only 10% of SHIB holders are currently in profit, highlighting the pressure faced by long-term investors. However, optimism remains, given upcoming updates like Shibarium and increased token burns.
PI Network Faces Growing Doubts
PI Network, previously celebrated for making crypto mining easy, is now under pressure from its community. The team's plans to unlock 119 million tokens by late April 2025 have led to a 30% drop in token value, now near $0.59. The community is also frustrated with the delay in launching the Open Mainnet, which they have been waiting on for over a year. As a result, many are beginning to question whether PI Network can keep pace in today's fast-moving crypto landscape.
BlockDAG's Achievements and Plans
BlockDAG is attracting significant attention due to its considerable successes, having raised $214 million in presale and continuing to grow positively. The BlockDAG technology combines the benefits of DAG and Proof-of-Work, providing high speed and security. Chief Technical Officer Jeremy Harkness stated that their hybrid consensus mechanism can handle 2,000 transactions per second, with the potential to scale up to 15,000 TPS within two years. Community support is also emphasized through the Golden Ticket campaign offering a 600% bonus for new users.
In light of current market changes, Shiba Inu and PI Network are facing various challenges and doubts, while BlockDAG, with its clear strategy and growth, shows potential long-term advantages in the crypto market.
