The crypto industry continues to showcase the significance of its projects, particularly BlockDAG, Hyperliquid, and PENGU. Each represents unique aspects of the market.
BlockDAG: Sports Sponsorships and $383M Raised
BlockDAG is changing brand perception by actively engaging in sports sponsorships with Inter Milan and Seattle Orcas. This strategic move is about attracting new audiences rather than mere marketing. As a result, the project has raised over $383 million in its presale, with over 25.3 billion coins sold and more than 19,350 mining rigs sold for $7.8 million. This showcases growing trust in cryptocurrency through association with well-known brands.
Hyperliquid: Launch of Multi-Quote Trading
Hyperliquid has made headlines with the launch of multi-quote spot trading on its mainnet. This feature allows users to trade against multiple assets, substantially simplifying the process. In the last 24 hours, trading volume reached $228 million, highlighting the platform's increasing role among traders.
PENGU: Price Outlook and Drop Reasons
The price of PENGU has declined by 21% in the past week, dropping from $0.047 to around $0.031. Current support stands at $0.025. Despite this decrease, some analysts see it as a normal correction within a longer-term growth trend. Support may come from hopes of possible ETF filings and improved positions in Asian markets.
The crypto market demonstrates various approaches to expansion and strengthening positions. BlockDAG exemplifies significant sports sponsorships, Hyperliquid focuses on innovations, while PENGU faces challenges amid price volatility.
