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Analysis of Current Events in the Cryptocurrency Space: Pi Network, XRP, and BlockDAG

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by Giorgi Kostiuk

3 days ago


The cryptocurrency market continues to oscillate between hype and caution, with recent developments including token unlocks from Pi Network and the XRP price trend. There is also room for analysis on BlockDAG's achievements.

Pi Network: Pressure from Token Unlocks

News about Pi Network tokens continues to highlight supply-side challenges. After releasing 160 million tokens in August, another 116 million are set to unlock in September. By year-end, over 400 million tokens will have entered circulation, putting pressure on the market as demand struggles to keep pace. The price hovers around $0.34, close to all-time lows, raising concerns about dilution. However, analysts believe there may be potential recovery if sentiment stabilizes, with forecasts pointing toward prices of $1.65-$1.70 in September, $1.85-$1.90 in October, and possibly above $2.70 by December.

XRP Market Update: Can it Break the $3 Level?

Currently, XRP trades around $2.95, showing resilience even as broader markets wobble. The focus is on whether it can break through the stubborn $3 resistance level, which has capped multiple rallies. Open interest in futures averages $8.33 billion. New use cases for XRP continue to emerge, including a recent Mastercard offering from Gemini that provides up to 4% cashback in XRP, while Ripple is rolling out RLUSD stablecoin integration, embedding XRP further into real-world payments. However, the charts remain cautious, as a clean breakout above $3 could push XRP toward $3.30-$3.66, but failure at this level risks a drop back to $2.80 support.

BlockDAG: Price Predictions and Academy Benefits

BlockDAG is cutting through market noise with measurable achievements. Analysts project its price between $1 and $10, reflecting both immediate post-launch momentum and long-term potential. At the current presale price of $0.03, even a conservative move to $1 represents significant upside. The project already stands out: early batch participants at $0.001 have seen 2,900% ROI. Unlike Pi, burdened by supply issues, or XRP, stuck at resistance, BlockDAG has a clear numerical foundation with a confirmed $0.05 launch price and $387 million in presale traction. BlockDAG also offers an academy providing educational resources, strengthening its market position.

The news about Pi Network illustrates the dangers of oversupply, while the XRP updates reveal how technical resistance can stall momentum. In contrast, BlockDAG presents a clearer picture due to its achievements and education, creating real opportunities for investors.

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