This week, three crypto projects are attracting market attention for different reasons. MANTRA announces a significant coin burn, PEPE shows price growth, and BlockDAG successfully conducts its presale.
MANTRA's Forecast Improves After Coin Burn
The 300 million coin burn from MANTRA is giving its price outlook a needed boost. This decision follows a sharp 90% drop in April, and traders view the step as a means to alleviate sell pressure and potentially return to long-term growth. Currently, $OM trades around $0.4482, facing resistance at $0.560 and support at $0.517.
PEPE's Surge and Resistance Level
PEPE’s price rose 16.25%, reaching $0.000009086. This comes after the recent low of $0.000007841. Traders are watching if it can overcome the $0.00001 resistance. If PEPE breaks this level, a move to $0.00001050 might be possible, though analysts expect some price swings before any stability returns.
BlockDAG's Success in Presale
BlockDAG has raised over $225 million in its presale, making it one of the most successful currently. The project is featuring a new entry price of just $0.0019 available until May 13. Recent weeks saw AMA sessions discussing updates and showcasing the Beta Testnet. Analysts suggest BDAG could hit $1 this year.
Events surrounding MANTRA and PEPE illustrate market activity, yet BlockDAG stands out with its presale success and high investor interest.
