The cryptocurrency market continues to showcase activity, providing engaging news. XRP is on the rise, Pi Network faces challenges, while BlockDAG draws attention due to its successful fundraising campaign.
XRP's Growth Towards $11
Ripple's XRP has shown resilience with charts indicating potential growth. Trading within the $2.80 to $3.20 range, XRP is forming a classic 'cup and handle' pattern. Breaking the $3.20 level could trigger price movements toward $5.20 and even $11.20.
Heavy whale activity supports this view, with over 340 million XRP added, offsetting nearly $1.9 billion sold by large funds since July. This reflects the accumulation by smaller holders and whales, while institutional investors reduce their exposure.
Pi Network's Status at $1
Pi Network has shown a mild recovery, climbing 16% from late August, yet remains under pressure. Nearly 149 million coins are expected to unlock in September, which could limit further price gains. Daily trading volumes have dropped to $43.8 million, making Pi vulnerable to sharp movements.
On the positive side, adoption efforts continue. The Pi SEK listing and updates aimed at improving system reliability are boosting recognition.
BlockDAG: Achievements and Future Plans
BlockDAG is gearing up for a significant deployment event in Singapore, following a successful presale raising over $403 million. The shift to a flat presale model simplifies the process, allowing everyone to join at a uniform price.
The influx of participants is increasing: over 3 million users are already engaged through the X1 miner app, underscoring its growing popularity.
The cryptocurrency market presents various trends: XRP shows potential for growth around $11, Pi Network grapples with liquidity issues, while BlockDAG is building a remarkable user base. Key events and their unfolding in 2025 could significantly reshape the market.
