- Pangolin (PNG) surged 234% in 24 hours to $0.31.
- Technical indicators suggest a short-term correction, but the bullish momentum continues.
- The Bitcoin Dogs presale raised $4,241 in a little over a week.
Pangolin (PNG), the native governance token of the Pangolin DEX, has experienced an unprecedented surge, hitting multi-month highs amidst the excitement surrounding a new dog-themed NFT project called Bitcoin Dogs conducting its first-ever ICO. Bitcoin blockchain.
The PNG token soared a whopping 234% in just 24 hours, reaching a high of $0.31 with trading volume surging 5,500%, as highlighted in previous news reports.
Pangolin (PNG) price chart
Pangolin (PNG) Price: Exciting Rally
Pangolin’s surprising price surge is a significant milestone for the multi-chain DEX platform, which is gaining traction against the backdrop of Bitcoin’s battle to maintain the $50,000 level. The surge in PNG prices is evidence of growing enthusiasm among investors for decentralized finance (DeFi) projects, especially those driven by community initiatives.
Pangolin’s native token, PNG, has seen a huge rise in not only price but also trading volume. In just one day, 24-hour trading volume surged by a whopping 5,500%, reaching over $4.7 million. This surge pushed Pangolin’s market capitalization to more than $54 million, doubling it in just 24 hours.
PNG, which is 100% distributed to the community with no team, advisor or investor allocation, has generated a lot of interest and has seen a significant increase in daily trading volume.
PNG’s recent price explosion marks a break from its struggle to break above $0.12 since December. This signals renewed activity and optimism within the community-driven project, further fueled by a new team taking the helm and laying out an ambitious roadmap for Pangolin’s comeback.
Pangolin Price Forecast
As PNG continues its upward trend, investors are eagerly anticipating its future moves. Technical indicators on the 4-hour chart suggest a possible correction in the near term, while the Relative Strength Index (RSI) suggests buying pressure is cooling. However, the RSI line remains comfortably above the simple moving average (SMA), suggesting that buyers remain bullish and there remains room for further upside.
If PNG closes its daily candle above the $0.19895 resistance level, it could build a strong foundation for continued growth over the next 72 hours. Analysts predict that the Pangolin price could rise to $0.4 by the end of next week if the token maintains its current bullish momentum.
However, failure to overcome this resistance level could lead to a retracement towards immediate support at $0.13500, potentially sending the price back into its previous sideways channel.
Bitcoin Dogs Frenzy and 0DOG Presale
Amidst the excitement surrounding Pangolin’s surge, the cryptocurrency community has fallen in love with Bitcoin Dogs, an innovative project at the forefront of the blockchain revolution. Bitcoin Dogs offers a unique combination of cryptocurrency and dogs where dog lovers and cryptocurrency enthusiasts can come together to trade, collect, bark and have fun.
At the heart of the Bitcoin Dogs ecosystem is Dogaverse, a virtual playground where users can immerse themselves in a world of fun interactions and rewarding opportunities. The 10k Ordinals NFT Club adds to the fun by allowing users to collect and trade unique digital assets within Dogaverse.
Bitcoin Dogs is currently conducting a pre-sale for 0DOG, the first ICO on the Bitcoin blockchain. With the price rising every three days, early adopters have the opportunity to secure a piece of the Bitcoin Dog pie at a favorable price. The pre-sale has already raised a whopping $4,241,493.33, and investors are eagerly anticipating the next level at $0.0251.
To participate in the Bitcoin Dogs ICO, visit the Bitcoin Dogs website to purchase 810 million 0DOG tokens available for pre-sale.