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Cryptocurrency Market Update: PI Coin Remaining Steady at $1.95, Hedera Fueling Ivorypay, and BlockDAG's VC Deal Reinforcing $204.5M Presale

Venture capital funding pursued by BlockDAG, Hedera supports Ivorypay's African cryptocurrency transactions, and PI Coin faces challenges at the $1.95 resistance level. Discover the potential impact on the blockchain industry's future.

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Cryptocurrency Market Update: PI Coin Remaining Steady at $1.95, Hedera Fueling Ivorypay, and BlockDAG's VC Deal Reinforcing $204.5M Presale

Coin Insights Shaping Blockchain Momentum

Blockchain projects are swayed by institutional funding, with each dollar having a significant impact on which projects prosper. PI Coin grapples with $1.95 resistance, while BlockDAG inches closer to sealing its inaugural major venture capital (VC) deal, further solidifying its position following a staggering $204.5 million presale.

Meanwhile, Hedera boosts crypto payments across Africa with its recent investment in Ivorypay, aiming to lower transaction fees and promote stablecoin adoption. As BlockDAG prepares to potentially bag a VC deal, this funding could propel its testnet development, exchange listings, and staking advantages, thrusting it into a more commanding role in blockchain adoption.

On the other hand, PI Coin grapples with technical hurdles as it tries to breach the $1.95 resistance, threatening a potential slide to $1.11 if unsuccessful.

BlockDAG - Heartbound and Poised for More

BlockDAG is on the cusp of striking its first significant VC agreement, anticipated shortly. The project boasted $222.5 million in presale revenue after selling over 18.7 billion BDAG coins, earning it the close attention of institutional players captivated by its promising momentum and expanding ecosystem[1][3].

Venture capital investments offer more than just capital-they establish strategic alliances, credibility, and industry reach. Funding could fuel BlockDAG's testnet expansion, support for developers, and improvements to staking rewards. Additionally, the capital could pave the way for listings on major exchanges, rendering BDAG more accessible for crypto enthusiasts[2].

The looming VC investment has sparked market interest in BDAG, raising speculative activity as investors anticipate possible growth potential[1]. With $6.5 million in miner sales and 16,000 units sold, BlockDAG's expanding ecosystem highlights its growing traction[1]. As optimism for BDAG swells, the project remains a compelling contender facing the future of blockchain's evolution.

PI Coin - Can It Climb Aloft of Resistance?

The native coin of PI Network has weathered turbulent swings, soaring to $3 on February 27 before plummeting to $1.51 by March 2. This decline led to the establishment of a descending resistance trendline, which PI subsequently broke on March 3. However, the $1.95 level persists as a critical barrier hindering further price advances[1].

Technical analysis suggests a recovery might be on the horizon. The Relative Strength Index (RSI) has climbed above 50, and the Moving Average Convergence Divergence (MACD) indicates a positive crossover, evidence of possible ascent[1]. Moreover, wave count analysis indicates that PI completed a five-wave surge, followed by an A-B-C correction that settled at the 0.618 Fibonacci support level[1].

If PI manages to break past $1.95, it can ascend to $2.40. Conversely, failure to surmount this resistance may result in a downslide towards the 0.786 Fibonacci support at $1.11[1]. The next move depends on whether PI can maintain momentum and bias through the existing barrier.

Hedera Fortifies Africa's $117B Crypto Market

Hedera has invested in Ivorypay, a crypto payments platform enabling businesses in Africa to accept stablecoin transactions. Launched in 2022, Ivorypay has processed over $80 million in transactions, onboarded 8,000 merchants across Nigeria, Ghana, Kenya, and South Africa[2].

Despite this progress, Africa's crypto transactions totaled $117 billion in 2023. Traditional payment methods remain costly, as fees average 8-10%, resulting in nearly $5 billion in annual financial losses[2].

Ivorypay's collaboration with Hedera integrates the latter's high-speed, low-cost blockchain technology to streamline payments, cut costs, and boost security. This partnership will expedite stablecoin adoption for remittances, online shopping, and retail payments. Additionally, Ivorypay is developing tools such as a payment application, POS systems, and ATMs to enhance access to digital assets[2].

BlockDAG vs PI - The Institutional Showdown

As institutional funding shapes the market, promising projects gain an advantage over their competitors. Mobile miners, presale success, and technological advancements have solidified BlockDAG's position, despite lacking traditional VC support. The upcoming VC deal could further underpin its reputation and bolster key factors like adoption, exchange listings, and ecosystem growth.

Meanwhile, PI Network faces technological hurdles that hinder its sustainable growth without significant institutional backing. While Hedera works on expanding crypto payments, BlockDAG's potential VC investment may accelerate testnet growth, exchange listings, and staking benefits, potentially propelling it ahead in the race for blockchain supremacy.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Follow us on Google News*BlockDAG* - PI Coin**

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In a world where institutional funding turns the tide for promising blockchain projects, PI Coin struggles to break through the $1.95 resistance. On the other hand, BlockDAG inched closer to sealing its first major venture capital deal, made all the more impressive by its resounding success during its presale. Hedera, meanwhile, bolstered the cryptocurrency market in Africa by investing in Ivorypay. As BlockDAG welcomes a venture capital agreement, the possibilities for its accelerated testnet development, exchange listings, and staking rewards come to life, potentially positioning itself as a more dominant force in blockchain adoption.

Further Reading

  • Coin Insights Shaping Blockchain Momentum
  • BlockDAG on the Verge of Securing VC Support
  • PI Coin at a Crossroads: Breakout to $2.40 or Drop to $1.11?
  • Hedera Backs Ivorypay: Transforming Africa's $117B Crypto Market
  • NewsDeck
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  • BlockDAG is preparing to potentially bag a venture capital (VC) deal, which could propel its testnet development, exchange listings, and staking advantages, thrusting it into a more commanding role in blockchain adoption.
  • The looming VC investment for BlockDAG has sparked market interest, raising speculative activity as investors anticipate possible growth potential.
  • With the VC investment, funding could fuel BlockDAG's testnet expansion, support for developers, and improvements to staking rewards, potentially leading to listings on major exchanges and making BDAG more accessible for crypto enthusiasts.
  • BlockDAG's upcoming VC deal may also establish strategic alliances, credibility, and industry reach, ensuring that it remains a compelling contender facing the future of blockchain's evolution.
Venture Capital Support for BlockDAG, Hedera Endorses Ivorypay's African Crypto Payments, and PI Coin Faces Challenges at $1.95 Resistance - Exploring the Impact on Blockchain's Future.
Venture capital backing for BlockDAG, Hedera supporting Ivorypay's African crypto transactions, and PI Coin battling at $1.95 resistance - explore how these events impact blockchain's future.

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