Cryptocurrency Market Analysis: PI Coin Remains at $1.95, Hedera Ignites Ivorypay, and BlockDAG's Venture Capital Deal Bolsters $204.5M Presale
📰 NEWSDECK 📰
More flames are igniting in the blockchain space, all thanks to institutional backing. PI Coin struggles to break past $1.95, while BlockDAG is about to drop a bomb - it's gonna score its first major venture capital deal any day now! With $204.5 mil raised in its presale, BlockDAG is like the phoenix rising from the ashes, catching the attention of bigwigs everywhere.
Hedera, on the other hand, has put its money where its mouth is, investing in IvoryPay to amplify crypto payments across Africa. Bye-bye, high transaction fees! With stablecoins becoming all the rage, this collaboration is a massive step in the right direction.
BlockDAG, are you ready to own this VC deal?
BlockDAG is a stone's throw away from inking its first VC agreement. It's a new chapter in its epic journey, one that's been fueled by an epic $204.5 mil presale. Over 18.7 bil BDAG coins have been sold, and institutional investors can't help but keep a close eye on BlockDAG's rapid momentum.
So, what's the big deal about VC funding? It's about more than just money; it's about strategy, alliances, and industry reach. This extra capital can propel BlockDAG's testnet development, improve dev support, and enhance staking rewards. And with exchange listings and a boost in accessibility, BDAG could become a real powerhouse in blockchain adoption!
With $6.5 mil in miner sales and 16,000 units sold, BlockDAG's growing ecosystem is the talk of the town. As excitement builds, BDAG solidifies its position as a potential heavyweight in the evolution of blockchain.
Pi Coin caught in a struggle at $1.95
Pi Network's coin has been on a rollercoaster ride, reaching $3 on Feb 27 before dipping to $1.51 on Mar 2. Now, it's attempting to break the $1.95 resistance barrier, but it ain't been easy. Technical analysis is all over the place, hinting at a possible price rebound. If Pi manages to break through, it might reach $2.40 — y'all mark those calendars! However, failure to overcome this hurdle could see the coin plummeting towards the $1.11 support level.
What's the hold up, you ask? Well, the RSI has climbed above 50, and the MACD shows a bullish crossover, suggesting a surge could be on the horizon. Experts say Pi has completed a five-wave surge, followed by an A-B-C correction that ended at the 0.618 Fibonacci support level. So if Pi shakes off this resistance, it might be smooth sailing from there on out.
Hedera and Ivorypay teaming up to transform Africa's $117B crypto market
Hedera's partnership with Ivorypay is aiming to revolutionize the way crypto is used across Africa. Ivorypay is an epic payments platform designed for African businesses that enables stablecoin transactions. Since it launched in '22, it's stomped over $80 mil in transactions and onboarded 8,000 merchants in Nigeria, Ghana, Kenya, and South Africa.
Despite that impressive growth, African crypto transactions clocked in at $117 billion in 2023. Old-school payment methods are still king, with fees averaging 8-10%, leading to a staggering $5 bil in annual financial losses.
Ivorypay's gonna hitch a ride on Hedera's high-speed, low-cost blockchain tech to streamline payments, reduce costs, and boost security. This collaboration will speed up stablecoin adoption for remittances, online shopping, and retail payments. Ivorypay is also cooking up tools like a payment app, POS systems, and ATMs to make digital assets more accessible.
BlockDAG shuttles past PI & Hedera
With institutional money shaping the market, projects that can hold their own are gonna dominate. PI Coin's resistance issues illustrate the hardships faced by projects without sizeable backing. Hedera's partnership with Ivorypay is gonna make crypto payments more accessible, but its long-term impact is still uncertain.
On the other hand, BlockDAG's impending VC agreement is gonna help cement its status, boosting adoption, exchange listings, and ecosystem growth. With scalability and credibility being crucial factors for success, BlockDAG's development positions it ahead of projects still fighting for their place in the industry.
Don't sleep on BlockDAG, y'all! 💥
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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BlockDAG - Raise the Bar
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Pi Coin - On the Bubble
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- Institutional investors are keeping a close eye on BlockDAG's rapid momentum, in anticipation of its first major venture capital deal.
- With $204.5 million raised in its presale, BlockDAG is poised to use VC funding for testnet development, improved dev support, and enhanced staking rewards.
- As BlockDAG prepares to sign its VC agreement, its potential for becoming a powerhouse in blockchain adoption continues to grow.
- In the crypto investments realm, BlockDAG's imminent VC deal may position it ahead of other projects still fighting for their place in the industry.
- The upcoming VC funding for BlockDAG is not just about money; it's about strategy, alliances, and industry reach, which could propel its growth in the technology-driven finance sector.
