Best Crypto to Buy: PI Coin Stagnates at $1.95, Hedera Fuels Ivorypay, & BlockDAG’s VC Deal Strengthens $204.5M Presale

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Institutional funding is shaping the blockchain space, influencing which projects gain momentum. PI Coin struggles to break the $1.95 resistance, while BlockDAG is closing in on its first major venture capital (VC). This move further strengthens its position following a $204.5 million presale.

Best Crypto to Buy: PI Coin Stagnates at $1.95, Hedera Fuels Ivorypay, & BlockDAG’s VC Deal Strengthens $204.5M Presale

At the same time, Hedera has invested in Ivorypay to expand crypto payments across Africa. This initiative aims to lower transaction fees and promote stablecoin adoption. While Hedera works on payments, BlockDAG’s potential VC support could accelerate its testnet growth, exchange listings, and staking benefits, making it a more dominant force in blockchain adoption.

BlockDAG on the Verge of Securing VC Support

BlockDAG is nearing its first significant venture capital, with an official announcement expected soon. The project has gained massive traction after raising $204.5 million in its presale, selling over 18.7 billion BDAG coins. Institutional players are closely monitoring its progress, drawn by its solid momentum and expanding ecosystem.

A venture capital deal provides more than just funding—it brings strategic alliances, credibility, and industry reach. Additional capital could fuel BlockDAG’s testnet development, improve developer support, and enhance staking rewards. Moreover, the funding could pave the way for listings on major exchanges, making BDAG more accessible.

The market sees institutional backing as a sign of growth potential, increasing speculative interest in BDAG. With over $6.5 million in miner sales and 16,000 units sold, BlockDAG’s expanding ecosystem is proof of its increasing traction. As expectations rise, BDAG stands out as a strong contender in blockchain’s evolution.

PI Coin at a Crossroads: Breakout to $2.40 or Drop to $1.11?

PI Network’s coin has faced significant price swings, reaching $3 on February 27 before dropping to $1.51 by March 2. This decline led to a descending resistance trendline, which PI broke on March 3. However, the $1.95 level remains a critical barrier that has repeatedly stopped further price gains.

Technical analysis hints at a potential price recovery. The RSI has climbed above 50, and the MACD shows a bullish crossover, indicating possible upward movement. Additionally, wave count analysis suggests PI completed a five-wave surge, followed by an A-B-C correction that ended at the 0.618 Fibonacci support level.

If PI successfully breaks past $1.95, it could climb to $2.40. On the other hand, failing to breach this resistance could lead to a drop towards the 0.786 Fibonacci support at $1.11. The next move depends on whether PI maintains momentum and pushes through the current resistance.

Hedera Backs Ivorypay: Transforming Africa’s $117B Crypto Market

Hedera has invested in Ivorypay, a crypto payments platform that enables businesses in Africa to accept stablecoin transactions. Since launching in 2022, Ivorypay has processed over $80 million in transactions and onboarded 8,000 merchants across Nigeria, Ghana, Kenya, and South Africa.

Despite this growth, Africa’s crypto transactions totaled $117 billion in 2023. Traditional payment options remain costly, with fees averaging 8-10%, resulting in nearly $5 billion in annual financial losses.

Ivorypay is integrating Hedera’s high-speed, low-cost blockchain technology to streamline payments, reduce costs, and enhance security. This collaboration will accelerate stablecoin adoption for remittances, online shopping, and retail payments. Additionally, Ivorypay is developing tools like a payment app, POS systems, and ATMs to make digital assets more accessible.

BlockDAG Gains Edge as PI Struggles & Hedera Expands Reach

As institutional capital shapes the market, strong projects gain an advantage. PI Coin’s technical resistance illustrates the difficulty of sustaining momentum without significant backing. Hedera’s investment in Ivorypay could improve crypto payment accessibility, but its long-term effects are yet to be determined.

Meanwhile, BlockDAG’s upcoming VC deal could solidify its status, pushing adoption, exchange listings, and ecosystem growth. With scalability and credibility becoming key factors, BlockDAG’s development positions it ahead of projects still working to establish themselves in the industry.