BlockDAG is a new technology taking the cryptocurrency market by storm, achieving exceptional presale results. This is the opposite of the embarrassment that has been Bittensor (TAO) and Pi Network (PI). BlockDAG has already completed a $304 million raise, 20 exchange listings showing incredible demand from investors. Meanwhile, Bittensor is experiencing a price cooldown, and Pi Network's downward trend continues, signaling a shift in investor focus toward BlockDAG's innovative approach.
Bittensor (TAO) Faces Price Correction
Bittensor (TAO), a new AI-powered blockchain, has been attracting a lot of attention in the crypto space. Even with such an innovation-oriented concept, TAO’s price movement shows the time of correction. The token has since recently dropped below the $270 level, a sign that a cooling-off period has started after an explosive run up.
TAO has met major resistance at the $282–$285 area. Further failed rejections at this point level signal that the token is truly failing. It requires a very forceful catalytic action to pierce that and get started back on the upswing. Looking at current price action, it appears that TAO is consolidating. It is aggressively trying to set a new floor of support.
Bittensor is an exciting project that combines blockchain with state-of-the-art artificial intelligence. Its price action illustrates the challenges of maintaining momentum in a risky market. Canada-based investors are certainly paying attention, as this story plays out to see if TAO can establish a new floor and resume makin’ moves to the upside.
Pi Network (PI) Struggles to Maintain User Interest
Pi Network ( PI ), once lauded for its easy-to-use mobile-first mining approach, is headed towards a spiraling downward trajectory. Most importantly, the PI token has fallen below $35, which is indicative of definitely waning user interest and falling out of market confidence. The network has failed to build strong bottom-line support, leaving anyone that might invest in network unsure of its long-term viability.
So here’s the biggest challenge Pi Network has to contend with. Users find it hard to deal with the lack of real-time utility and access to the mined tokens. Mining cryptocurrency on mobile devices sounded like a thrilling concept in theory. With little practical applications, that hype has since died down. Without any real use behind the token, user interest has since faded, slamming another nail into the coffin of the token’s decline.
Pi Network’s misadventures serve as a reminder that utility and ease of use are critical to keep any blockchain project healthy for the long haul. Most importantly, the network needs to provide users with tangible, real-world use cases. It must make it easier for them to access their tokens to pique their curiosity and reverse the prevailing market downtrend.
BlockDAG's Strategic Vision Attracts Investors
BlockDAG is indeed making some brave moves to stand out. It’s aiming to use that to invest $600 Million to backend security improvement, mining infrastructure improvement with miners incentive – DeFi tools creation, securing big Marketing Partnerships around. This holistic strategy is meant to address the platform’s long-term growth and sustainability. The presale is already 50%+ sold out, a testament to the project’s energy and drive.
With 20 exchange listings already secured, a seamless listing process will be made available on their project, providing immediate access and liquidity for their BDAG token. BlockDAG is getting ready to finish its vesting process and airdrop 40% of the presale tokens. Furthermore, they’ll trigger a seven-day exclusive trading window on their first exchange of choice during the last six weeks of the presale. This last action is largely intended to incentivize initial backers and generate buzz around the eventual token launch itself.
Having raised $304 million from the sale of 22.6 billion BDAG so far, BlockDAG’s presale is showing impressive confidence from investors. The project’s cutting-edge technology, paired with its forward-thinking strategy, is drawing investors looking for their next opportunity in the rapidly changing world of crypto.
