Cryptocurrency markets showcase diverging trajectories as BlockDAG achieves a major funding milestone while Cardano faces headwinds and Pi Network activity stalls.
BlockDAG has successfully raised $326.5 million through its presale phase, distributing over 23.4 billion coins to investors. This significant funding event is bolstered by a strategic partnership secured within the U.S., enhancing the project’s growth outlook. Currently priced at $0.0276 in its twenty-ninth presale batch, BlockDAG coins offer substantial gains compared to the initial batch price of $0.0016.
Meanwhile, Cardano (ADA) confronts significant selling pressure, witnessing a nearly 15% weekly decline as its price recently traded near the $0.55 level. Market analysis highlights pressure stemming from long-term holders offloading positions, meaning ADA’s potential recovery hinges on stabilizing these outflows and rebuilding investor confidence.
Pi Network exhibits stability within a consolidation range, with its price trading consistently between $0.54 and $0.74. Observers suggest potential catalysts for increased activity around Pi2Day, anticipating potential movement breakout from this established channel.