The crypto market continues to showcase contrasting stories of weakness and strength. Hedera, once hailed as an enterprise-driven blockchain, is cooling under pressure as its ecosystem struggles to match its market capitalization. Pi Network, meanwhile, is facing a drop in sentiment as both technical patterns and community skepticism weigh on its token outlook. Meanwhile, the presale of BlockDAG is gaining steam.
Hedera Struggles Despite Technical Hopes
Hedera (HBAR) has faced selling pressure, trading near $0.2458, almost 20% below its yearly peak, as ecosystem weaknesses weigh on sentiment. Despite a market cap above $10.3 billion and partnerships with major firms like IBM, Google, and ServiceNow, Hedera’s ecosystem remains relatively small compared to competitors such as Ethereum and Solana. Its DeFi presence is limited, with just 18 dApps and $256 million in total value locked (TVL), far below the industry’s $300 billion. Stablecoin supply has also declined sharply from $208 million to $93 million, reducing its competitiveness in a $270 billion sector.
Still, potential catalysts exist. Hedera’s enterprise partnerships, governance model, and the prospect of an HBAR ETF could boost demand. Technically, HBAR has formed a bullish double-bottom pattern at $0.1280 and a pennant structure, suggesting a breakout may target $0.3028, with potential gains toward $0.40 in 2025. While ecosystem adoption lags, strong technicals and enterprise positioning offer reasons for cautious optimism.
Pi Network Sentiment Slides Lower
Pi Network (PI) is under pressure, edging lower by over 1% as it trades within a falling channel pattern. The bearish setup signals fading bullish momentum, with downside risks pointing toward the $0.3334 support level, marked by the August 6 low. Despite efforts to revive sentiment, the recently announced Pi Hackathon 2025, offering 160,000 Pi in prizes for app development, received a lukewarm response. Community members expressed skepticism, noting past hackathon initiatives in 2023 that were abruptly halted.
Adding intrigue, a Pi moderator hinted at a potential second migration event from testnet to mainnet, possibly in 2025, though no official dates have been provided. Technically, indicators remain bearish: the RSI has fallen to 41, showing weakening buying pressure, while the MACD is nearing a bearish crossover. If selling continues, Pi risks deeper losses, though reclaiming $0.40 could offer relief, targeting the 50-day EMA near $0.4421. For now, Pi remains weighed down by declining sentiment and chart weakness.
BlockDAG Presale
BlockDAG is a project that is in its presale phase. The article reports that the presale has raised over $378 million, with the token priced at $0.0276 in Batch 29. The project has a confirmed launch price of $0.05. A central component of BlockDAG’s strategy is its mining ecosystem, which includes a mobile app and plug-and-play mining devices. The project has reported partnerships with sports teams, and it has also launched the BlockDAG Academy, an educational platform that offers on-chain certifications.
Conclusion
In conclusion, the projects discussed represent different strategic phases within the crypto market. Hedera, a network known for its enterprise focus and partnerships, is working to overcome a smaller ecosystem by leveraging potential institutional investment. Pi Network, with its large user base, is grappling with a lack of development momentum and faces a significant challenge in transitioning to its mainnet. I
n contrast, BlockDAG is an ambitious presale project that is building its foundation with a strong emphasis on infrastructure, a tiered mining ecosystem, and educational initiatives, positioning it as a long-term play for investors who are more interested in a project’s underlying technology and community building than in immediate market activity.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Blockzeit Disclaimer: This article is a paid advertisement and is not a recommendation by Blockzeit.com to invest in any project. All links in this article have been tagged as sponsored and are not endorsements. Readers should conduct their own research before making any investment decisions.
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