This week, the altcoin market experienced significant swings. TRUMP and PI tokens are under pressure, while BlockDAG demonstrates positive momentum.
TRUMP Token Decline
The TRUMP token is experiencing a significant drop, losing nearly 20% in the past day and reaching a three-month low of $7.30. Large sellers, or 'whales', offloaded over $4.6 million in TRUMP, causing panic among smaller investors.
On the charts, negative trends are evident: the relative strength index (RSI) is recorded in oversold territory. Network data confirms persistent selling pressure, depriving the asset of recovery hopes without changes in market sentiment.
PI Token: Short-term Gains and Concerns
The PI token rose by 3%, reaching $0.5832; however, impending sales of more than 161 million tokens create inflation concerns. The community calls for a token burn to alleviate pressure.
Meanwhile, technical indicators reveal neutral signals: RSI at 46 and tightening Bollinger Bands suggest a possible breakout. Analysts' forecasts generate interest, but volumes and metrics need close monitoring.
BlockDAG's Success Amid Volatility
BlockDAG (BDAG) is demonstrating noticeable successes, raising over $215 million in its presale. With plans for listings on ten major exchanges, the project draws interest from investors.
A successful partnership with football club Inter Milan has attracted attention, providing necessary transparency and trust. The directed acyclic graph (DAG) structure enables faster transaction processing and supports smart contracts.
Current events in the cryptocurrency market show that TRUMP and PI tokens are facing challenges, while BlockDAG demonstrates signs of growing success. By analyzing the situation, potential investors should consider the opportunities and threats associated with each project.
