As PI coin continues to decrease, losing 12% amidst ongoing delays in achieving crucial milestones for the Pi Network, it fuels uncertainty. On a brighter note, SHIB has gained momentum, with a price outlook for Shiba Inu turning optimistic following a significant rally sparked by recent market movements.
Amidst these developments, BlockDAG (BDAG) grabs attention for different reasons. Their third keynote just announced the launch of the Beta Testnet V1, which is distinguished by enhanced speeds, an improved explorer, and user-friendly tools like the Token and NFT Wizard aimed at broad accessibility.
The introduction has sparked substantial market interest, catapulting the presale to over $210.5 million and raising optimism about BDAG’s future influence in the evolving crypto landscape.
PI Coin Struggles as Price Hits $0.81
PI coin continues its downward trajectory, with another 12% drop bringing the price to approximately $0.81. This decrease extends its weekly loss to 28%, raising concerns over the ongoing delays by the Pi Network in deploying its mainnet and securing spots on exchanges.
Calls for greater openness from the network’s leading team are increasing as they maintain their silence, causing further insecurity among market watchers. While some analysts predict a potential drop to $0.60, others hold a hopeful outlook for recovery contingent on forthcoming announcements.
Shiba Inu Outlook Rises After Major Breakout
Shiba Inu (SHIB) experiences a positive shift as it emerges from a downward trend, recording a 12% rise in a single day. This surge is supported by a 228% increase in trading volume and positive indicators, such as the cup-and-handle pattern, suggesting a potential rally could multiply its value significantly.
The enhanced market trend for SHIB is supported by increasing ratios of long-to-short investments and signs of steady accumulation. Although the price could climb significantly, caution remains as its Relative Strength Index (RSI) approaches overbought territory without fully exceeding it.
BlockDAG’s Third Keynote Highlights Beta Testnet’s Launch
BDAG’s third keynote revealed several major updates, placing the spotlight on the launch of their Beta Testnet. This latest development ushers in faster transaction speeds and enhanced functionalities of the explorer, paired with an innovative no-code Token and NFT Wizard. This tool simplifies the process for developers and creators, enabling easier access and participation in the platform.
During the keynote, CEO Antony Turner announced, “We’re excited to announce the official launch of our first Beta Testnet, which is a major step forward in terms of transaction speeds, explorer functionality, and distributed applications.” More than just an upgrade, this development is seen as a strategic move towards realizing a grander vision for BDAG.
The vision for BDAG includes aiming for listings on as many as ten central exchanges, some of which are top-tier platforms. This plan positions the Beta Testnet not only as a technical upgrade but also as a critical step in building BDAG’s infrastructure and community foundation. The launch is a clear indicator of BDAG’s intent to scale up operations significantly.
In response to the announcement, the market reacted positively and quickly, with the presale surging past $210.5 million and over 19.1 billion BDAG coins sold. The pricing of the current batch at $0.0248 has seen a dramatic 2380% increase from the initial batch. This robust market response solidifies BDAG’s position as a prime cryptocurrency to watch, especially as the presale continues to draw increasing interest following these substantial updates.
Closing Thoughts
As PI coin continues to face challenges, the patience of the market is thinning—upcoming updates must bring clarity to stem the downturn. Conversely, the outlook for Shiba Inu is becoming increasingly positive, fueled by robust technical patterns and growing interest.
Yet, it’s BlockDAG that’s capturing significant attention this week. With over $210.5 million gathered in the presale and anticipation for more exchange listings, BDAG is positioned as a leading crypto purchase before the next anticipated price increase.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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