Best Crypto to Buy: PI Coin Stalls at $1.95, Hedera Backs Ivorypay, & VC’s Eye BlockDAG After $200M Presale
Institutional investment is reshaping the blockchain industry, influencing which projects gain traction and long-term viability. While PI Coin struggles to surpass the $1.95 resistance level, BlockDAG is nearing its first major venture capital (VC) investment, reinforcing its credibility after a $201 million presale.
At the same time, Hedera has invested in Ivorypay to advance crypto payments across Africa, tackling high transaction costs and expanding stablecoin adoption. However, while Hedera focuses on payments, BlockDAG’s VC support could accelerate its testnet growth, exchange listings, and staking rewards, making it a stronger candidate for widespread adoption in blockchain development.
BlockDAG Nears First Major VC Investment
BlockDAG is close to securing its first major venture capital (VC) investment, with an official announcement expected soon. Meanwhile, institutional buyers have shown strong interest following BlockDAG’s impressive $201 million presale, where over 18.7 billion BDAG coins were sold. As a result, this backing could accelerate the project’s roadmap, enhance adoption, and solidify its position as a top Layer 1 blockchain.
VC investment brings more than funding; in addition, it provides strategic partnerships, credibility, and industry connections. Furthermore, additional capital will help scale BlockDAG’s testnet, improve developer onboarding, and expand ecosystem incentives like grants and staking rewards. Moreover, it could also facilitate listings on major exchanges, increasing market accessibility.
For BDAG holders, institutional backing signals growth potential and increased market confidence, potentially driving coin value higher. Consequently, the community is optimistic about how this funding will enhance BlockDAG’s ecosystem, liquidity, and staking opportunities. As anticipation builds, BlockDAG continues to attract investor interest, positioning itself as a major player in blockchain development.
PI Coin Faces Critical Resistance at $1.95
PI Network’s coin recently saw volatile price action, reaching a new high of $3 on February 27 before retracing to $1.51 by March 2. Following this drop, a descending resistance trendline formed, which PI broke on March 3. However, the $1.95 resistance remains a key hurdle that has consistently limited further gains.
Technical indicators suggest potential bullish momentum. For instance, the RSI has moved above 50, and the MACD is turning positive, signaling a possible upward trend. Additionally, wave count analysis indicates that PI completed a five-wave surge, followed by an A-B-C correction that ended at the 0.618 Fibonacci support level.
A breakout above $1.95 could drive PI towards $2.40, whereas rejection may push it down to the 0.786 Fibonacci support at $1.11. Ultimately, the next price movement hinges on whether PI can decisively close above this crucial resistance level.
Hedera’s Investment Boosts Ivorypay’s Crypto Payment
Hedera has invested in Ivorypay, a crypto payment platform enabling African businesses to accept stablecoin transactions. Since its launch in 2022, Ivorypay has processed over $80 million in payments and onboarded more than 8,000 merchants across Nigeria, Ghana, Kenya, and South Africa.
Despite this growth, Africa’s crypto transaction volume hit $117 billion in 2023, yet traditional payment methods remain costly, with fees averaging 8-10%, leading to nearly $5 billion in annual losses.
To address these challenges, Ivorypay is integrating Hedera’s high-speed, low-cost blockchain technology to improve transaction efficiency and security. As a result, this partnership will accelerate the adoption of digital currencies for remittances, e-commerce, and retail transactions. In addition to these efforts, Ivorypay is developing crypto-focused tools, such as a payment app, POS terminals, and ATMs to make digital assets more accessible.
Institutional Investment Sets the Stage for Blockchain Growth
As institutional capital reshapes the industry, crypto projects with strong fundamentals are gaining an edge. PI Coin’s technical barriers highlight the challenges of sustaining momentum without clear backing. Hedera’s investment in Ivorypay aims to address inefficiencies in crypto payments, but its long-term impact remains to be seen.
Meanwhile, BlockDAG’s upcoming VC funding could solidify its position, fueling further adoption, exchange listings, and ecosystem growth.
With investors prioritizing reliability and scalability, BlockDAG’s progress suggests a stronger foundation for long-term success, setting it apart from projects still working to secure their place in the market.
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