The crypto market shows growth, with several projects capturing investor attention. Pudgy Penguins (PENGU), Pi Network, and BlockDAG are three examples of an upward trend.
Pudgy Penguins (PENGU) Price Growth
The price of Pudgy Penguins (PENGU) has reached a high of $0.047, driven by strong momentum and a new exchange listing. This growth follows a five-wave structure that began in June. Analysts expect the fifth wave to conclude but a short-term pullback might occur as technical indicators signal a potential downturn.
Pi Network: Struggles on the Way to Breakout
Pi Coin is re-testing its 100-day moving average, forming a descending triangle. In the past, breaking this level led to a 144% price surge. Currently, Pi is nearing the upper boundary with traders watching if volume will facilitate a breakout. However, the 14-day RSI has dropped to 38.64, indicating increased selling pressure.
BlockDAG: Success Among Developers
BlockDAG has established a complete ecosystem even before its public launch. A key aspect of its success is the enhanced beta testnet with integrated smart contract features and developer tools. Over 4,500 builders are already using the platform to create more than 300 projects in key sectors. BlockDAG aims to launch over 1,000 decentralized applications by 2026.
In conclusion, Pudgy Penguins shows potential for growth, Pi Network is at a critical level, and BlockDAG has gained significant developer support. These projects may become significant players in the crypto industry in the coming years.
