BlockDAG (BDAG) picks up speed, launching $30m grants program and partnering with SpaceDev to shape the next era of blockchain.

Learn what's shifting in Ethereum analysis, what's behind PI coin's fall, and how BlockDAG's SpaceDev deal and $30m grants shape the next era of blockchain.

After months of steady decline, the world’s second-largest cryptocurrency, Ethereum (ETH), appears to be approaching the final stages of a prolonged bear trap, according to technical analysis.

Some analysts, such as CryptoGoos and Merlijn The Trader, suggest that ETH’s current movement closely resembles a setup observed in 2020, which eventually led to a sharp upward reversal.

Following a steep decline from its 2021 peak of nearly $5,000 to lows around $1,500 in December 2022, the cryptocurrency has been consolidating in the low $2,000 range.

However, despite the recent decline from November 2021 peaks, the cryptocurrency has shown resilience in holding crucial demand zones, preventing further downward pressure.

As the price hovers above $2,000, technical signals, including a low Relative Strength Index (RSI) and price action within a key demand zone, suggest the possibility of a breakout.

Moreover, if ETH manages to maintain momentum above $2,000 ahead of the monthly close, it could pave the way for a potential rally.

Pi Network (PI) coin price is struggling after Binance excluded the project from its recent “Vote to List” initiative.

The cryptocurrency slid sharply by 31% over the past week to reach around $1.16.

However, further declines could be in sight as Binance has removed Pi Network from its recent “Vote to List” initiative.

The world’s largest cryptocurrency exchange explained that the project did not meet the criteria for listing on BNB Smart Chain, rendering it ineligible for the community vote.

Now, the PI coin price is closely approaching a crucial resistance level at $1.20, which could determine the cryptocurrency’s immediate fate.

A failure to break above this threshold might send the coin toward the $1.05–$1.02 range in the short term.

Alternatively, if buyers manage to push through the resistance at $1.20, it could open the door for a move toward $1.40 or even $2.

BlockDAG (BDAG) has been making waves in the crypto world for its unique take on blockchain tech, combining the best of Proof-of-Work and DAG to build a network that’s both scalable and can handle serious computing power.

Now, they’re taking things to the next level with a partnership with SpaceDev, a renowned blockchain development firm known for launching and supporting top-tier projects.

This partnership is bringing a new dimension to BlockDAG’s ecosystem, setting the stage for broader developer activity and stronger community engagement.

SpaceDev’s team is co-leading BlockDAG’s Hackathon Series and Ambassador Program, aiming to onboard thousands of developers, mentors, and regional BlockDAG advocates.

They’ll also be reviewing, onboarding, and mentoring builders as part of the $30 million Grants Program—a rare move by a Layer 1 blockchain to offer such direct support for new projects.

This partnership is a key part of BlockDAG’s strategy for sustainable growth, focusing on building a diverse and engaged community.

It’s also no small feat, considering the partnership follows hot on the heels of BlockDAG’s presale smashing past $206 million with more than 18.9 billion BDAG coins sold at this point.

The presale is still going strong, with the current price in batch 27 at $0.0248, showing a 2,380% increase from the initial $0.001 starting price.

As interest in BDAG soars and batch prices climb, it’s setting the stage for the kind of upward trend seen in the past in the top crypto gainers.

But with the mainnet launch and major exchange listings still on the horizon, the window for joining the project early on is closing quickly.