BlockDAG Launches Public Beta Testnet with a $60,000 Prize Pool and $210M Raised in Presale Funding

The crypto space is shifting gears fast. Pi Coin is tumbling, SUI is trying to claw its way out of a slump, and BlockDAG? It's hitting milestone after milestone.

In the dynamic realm of cryptocurrency, projects rise and fall, often defined by the stages they reach and the preparation they display. As Pi Coin continues to tumble and SUI tries to claw its way out of a slump, another project—BlockDAG—is rapidly hitting milestones, launching a public Beta Testnet and a $60,000 prize pool for its contributors.

While Pi’s massive token unlock sparks panic among investors and SUI attempts to ride a fresh wave of interest following a period of low activity, BlockDAG is calmly gaining speed, having already raised $210 million in presale funding.

As one project founders and another stumbles, BlockDAG is quickly advancing, testing its technology and rewarding its community.

Pi Coin Drops 30%—Will Its Next Token Unlock Save Or Sink It?

Pi Coin has slid 30% this week, putting it in danger of falling out of the crypto top 30 and increasing the pressure on its next token unlock.

After a stellar run that saw it break into the top 20 cryptocurrencies and reach a high of over $1.10 last month, Pi Coin is now struggling to stay above $0.77. At these levels, billions of dollars in value have been wiped out from the coin’s peak.

With the next 30 days likely to decide the fate of Pi Coin, analysts are closely watching the key support at $0.70. If this level breaks, then a continuation of the downtrend toward $0.60 could open up.

A total of 105.96 million Pi Coins are set to be released into circulation in the next month, including a large 6.8 million token unlock on April 3. This incoming supply could trigger even more selling pressure.

Moreover, despite strong community support, Pi Coin has yet to land a Binance listing, which could be crucial for the coin’s recovery.

However, not everyone is pessimistic on Pi, as some chart watchers believe that a rebound from oversold territory might be in the works if the momentum shifts.

With the coin now at its lowest levels since December, there might be an opportunity for a reversal, especially if the upcoming token unlocks don’t lead to further sell-off.

SUI Bounces Back As Institutional Interest Builds And Might Spark ETF Filing Rumors

Soun Sou (SUI) is back in the conversation this week as the cryptocurrency rises 10% and manages to stay above the key $2.40 support level.

After sinking to a four-month low of $1.96 last week, SUI is now turning heads with growing institutional interest and rumors of an SUI ETF filing.

On Wednesday, SUI touched $2.65 before pulling back slightly from the highs. This is a strong move that suggests bullish energy is returning to the cryptocurrency.

Analysts say this breakout from a months-long wedge formation could be setting up for bigger gains. If $2.40 holds firm, then $2.80 is the next resistance level to watch out for. A break above January’s high of $5.37 might not be out of the question.

This isn’t the first time that SUI has taken off after a similar technical setup, and for some, it’s a signal that it’s time to act.

As larger investors begin showing interest in the cryptocurrency, the clock might be ticking on this entry window.

BlockDAG's Live Testnet & $60K Prize Pool Highlight Its Rapid Progress

Another project that is making headlines in the crypto space is BlockDAG, which just completed a major milestone with the launch of its Beta Testnet, announced during Keynote 3.

This development brings the project one step closer to its 2025 mainnet launch and also introduces a $60,000 prize pool to reward users and attract new members to its growing community of over 170,000.

Meanwhile, the project's presale is also going strong, now in Batch 27, with coins priced at $0.0248.

So far, more than $210 million has been raised and 19 billion coins have been sold through the presale. Early investors who joined the presale at $0.001 have already seen a 2,380% return on their investment, making BDAG one of the most impressive presale performers in recent times.

The testnet is now running twice as fast as the alpha version and includes an upgraded blockchain explorer and a drag-and-drop Token & NFT Wizard that doesn’t require any coding.

According to CEO Antony Turner