The role of institutional capital in blockchain is shaping which projects thrive and gain traction. PI Coin remains stuck below $1.95, struggling to break through its resistance. Meanwhile, BlockDAG (BDAG) is on the verge of securing its first major venture capital (VC) backing, a significant milestone following its $203.6 million presale.
At the same time, Hedera has provided financial backing to Ivorypay, supporting its efforts to expand stablecoin transactions in Africa and lower high payment costs. While Hedera focuses on improving digital payments, BlockDAG’s upcoming VC deal could push its testnet expansion, boost exchange listings, and enhance staking benefits, strengthening its position in blockchain technology.
BlockDAG Poised for First Major VC Investment
BlockDAG is approaching its first large-scale venture capital (VC) backing, with an official announcement expected soon. After its presale generated $203.6 million in funds, institutional players have taken notice, showing a growing interest in its potential. Over 18.8 billion BDAG coins have been sold, underscoring strong demand and confidence in the project’s future. This level of backing could accelerate BlockDAG’s roadmap and expand its influence in blockchain.
Beyond financial support, VC involvement offers strategic partnerships, industry credibility, and networking opportunities. Additional funding will aid in scaling BlockDAG’s testnet, streamlining developer onboarding, and expanding incentives like grants and staking rewards. Moreover, this funding could assist in securing listings on prominent exchanges, making BDAG more accessible in the broader market.
For BDAG holders, the growing institutional involvement signals promising growth potential and increased market confidence, possibly driving up its value. The community remains optimistic that this funding will strengthen BlockDAG’s ecosystem, improve liquidity, and create more staking opportunities. With excitement building, BlockDAG is steadily gaining attention as a key player in blockchain advancement.
PI Coin Struggles to Break Through $1.95 Resistance
PI Network’s coin has experienced significant price swings, climbing to $3 on February 27 before dropping to $1.51 by March 2. This decline led to the formation of a descending resistance trendline, which PI managed to breach on March 3. Despite this, the $1.95 mark continues to be a crucial barrier preventing further upward movement.
Market indicators suggest a potential shift toward a bullish trend. The RSI has moved above 50, and the MACD is turning positive, indicating rising momentum. Additionally, wave count analysis suggests that PI has completed a five-wave rally, followed by an A-B-C correction that bottomed out at the 0.618 Fibonacci support level.
If PI can decisively break past $1.95, it could rally toward $2.40, but failure to do so may see it drop to the 0.786 Fibonacci support at $1.11. The coin’s next move will depend on whether it can close above this resistance zone.
Hedera Supports Ivorypay for African Crypto Payments
Hedera has committed funds to Ivorypay, a platform enabling businesses in Africa to accept stablecoin payments. Since its 2022 launch, Ivorypay has handled over $80 million in transactions and added more than 8,000 merchants from Nigeria, Ghana, Kenya, and South Africa.
Africa’s crypto market recorded $117 billion in transaction volume in 2023, yet conventional payment systems remain costly, with fees reaching 8-10%, leading to an estimated $5 billion in annual losses.
To improve efficiency, Ivorypay is integrating Hedera’s blockchain, which offers fast and cost-effective transactions, enhancing security and usability. This collaboration is set to accelerate the adoption of digital currencies for remittances, online purchases, and retail payments. Additionally, Ivorypay is developing a suite of tools, including a payment app, POS terminals, and crypto ATMs, to make digital payments more accessible.
Wrapping Up!
As large-scale funding reshapes blockchain, projects with strong fundamentals are securing an edge. PI Coin’s resistance at $1.95 highlights the struggle to maintain momentum without clear backing. Hedera’s role in Ivorypay addresses inefficiencies in digital payments, but its broader impact remains uncertain.
Meanwhile, BlockDAG’s incoming VC support could strengthen its foundation, advancing exchange listings, adoption, and ecosystem expansion. With institutional backing favoring reliability and scalability, BlockDAG is emerging as a strong contender for long-term growth, setting itself apart from projects still working to gain industry recognition.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
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