Pi Network price has collapsed by over 80% from its all-time high, disappointing all pioneers who expected it to be their ticket to riches, with many comparing it to be the next Bitcoin. It trades at $0.3823, much lower than its all-time high of nearly $3.
Pi Network Price Prediction
The daily timeframe chart shows that the Pi token price has plummeted in the past few months. It crashed from a record high of $2.99 to $0.3830.
The token has formed a descending channel and is slightly below its upper side. It remains slightly below the 25-day Exponential Moving Average (EMA).
On the positive side, the Relative Strength Index (RSI) is hovering at the neutral point off 50, while the MACD indicator has formed a bullish divergence pattern.
Therefore, the Pi Network price will likely remain in this range in the next few days. With its volume being thin, there is a likelihood that it will have a strong bullish breakout, potentially to the resistance point at $0.6565, its highest swing on June 25.
The alternative scenario is where it drops and retests the lower side of the channel at $0.3230.
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Bitcoin Penguins (BPENGU)
Meanwhile, traders are turning to Bitcoin Penguins, which has become one of the best-performing tokens of the year. Launched three weeks ago, it has raised $3.4 million from investors who hope that it will become the next big thing in the crypto market.
Bitcoin Penguins has been inspired by the success of popular cryptocurrencies: Bitcoin and Pudgy Penguins. Bitcoin has become the most successful asset globally, moving from zero to $2.3 trillion in 16 years, defying projections by some of the best investors like Warren Buffett and Charlie Munger.
It is also inspired by Pudgy Penguins, a cryptocurrency that has introduced a new theme, as Dogecoin did for dogs. PENGU has become highly successful as it jumped by over 770% from its lowest point in April, turning it into a $2 billion token.
Bitcoin Penguins’ token sale has become highly successful, partly due to its weekly Bitcoin giveaway. In this giveaway, the developers are giving its investors a chance to win a Bitcoin, currently worth at $118,000 today.
BPENGU’s pricing structure has also helped to draw investors, with its price rising by 5% every 2 days. This means that users who bought it on the first day have a chance of doubling their money once the airdrop happens.
Another reason for its thriving success is the presence of a staking feature, which allows users to hold their tokens for 30 days and earn returns of up to 50%.
BPENGU vs Pi: Better Buy?
Bitcoin Penguins and Pi Network are two distinct cryptocurrency projects. While Pi Network has had an underwhelming debut, technicals point to an eventual rebound. Bitcoin Penguins, on the other hand, has a favorable risk-reward ratio as one can make a huge return by just buying it today and exit when it lists.
To learn more and purchase BPENGU, visit the official Bitcoin Penguins website.
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