The crypto market has a few names attracting attention this week: Pi Coin, Shiba Inu (SHIB), and BlockDAG. Each one reflects a different theme—volatility, a potential rebound, and project announcements. Pi Coin’s recent price action shows a project under pressure, trying to hold support near $0.27 after a steep yearly decline.
Shiba Inu, by contrast, has shown signs of stabilization alongside higher wallet activity. BlockDAG has also been discussed after announcing a fundraising token sale and a marketing partnership connected to Formula 1®.
Pi Coin’s Struggle to Stay Afloat at $0.27
Pi Coin has been battling through a year of losses, now hovering just above $0.27. After falling sharply year-over-year and declining over the past month, the project faces continued uncertainty among market participants. Some indicators cited by traders suggest dip-buying activity, while other measures point to cautious liquidity conditions.
This has left Pi in a fragile spot. A move above $0.278 could coincide with a short-term bounce, while slipping under $0.258 could align with another leg down. As with any technical levels, these scenarios are uncertain and depend on broader market conditions.
SHIB’s Wallet Growth Signals a Comeback
While Pi Coin attempts to stabilize, Shiba Inu (SHIB) has been regaining some ground. After a difficult September, on-chain data cited by market watchers shows an increase in wallet creation—the highest level in over two months—suggesting renewed engagement across the Shiba Inu ecosystem.
Trading around $0.00001285 at the time referenced in this analysis, SHIB is approaching a near-term technical area that some analysts monitor for potential trend changes. Commentary has highlighted resistance near $0.00001336 and a possible follow-on level around $0.00001391, though outcomes are not predictable. The change in wallet activity and selling pressure can shift quickly and may not translate into sustained price movement.
BlockDAG’s Formula 1® Partnership and Fundraising Announcement
BlockDAG is also drawing attention after publicizing a fundraising token sale and a marketing partnership with the BWT Alpine Formula 1® Team. The project has presented the deal as a way to increase brand visibility.
According to figures published by the project, BlockDAG reports raising more than $420 million and selling tens of billions of tokens, alongside shipping mining hardware and building a large community. These numbers have not been independently verified in this article.
Project materials also describe a launch-related distribution mechanism that uses a code it refers to as a “TGE code,” with different timing based on rank. Because these details primarily relate to participation mechanics, readers should refer to official project documentation for the precise terms and conditions.
BlockDAG describes its design as combining Proof-of-Work with a DAG-based structure and says it aims for scalability, decentralization, and compatibility with Ethereum’s tooling (EVM). The project also states it has a test network and delivered X-Series mining devices; these claims have not been independently assessed here.
Market Takeaway
Pi Coin’s price near $0.27 remains a key area that traders are watching, while SHIB’s wallet growth is being interpreted by some market observers as a sign of renewed engagement. BlockDAG’s coverage is primarily driven by its announced Formula 1®-related partnership and project-reported fundraising activity, which may influence attention but does not determine investment outcomes.
Project website (for reference): https://blockdag.network
Telegram (for reference): https://t.me/blockDAGnetworkOfficial
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. This article contains information about a cryptocurrency token sale; as with any initiative within the crypto ecosystem, readers should do their own research and carefully consider the risks involved.
