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Cryptocurrency News Articles

Pepe Coin Faces Potential 20% Dip, Mantra (OM) Surge Targets $12, BlockDAG & HackerEarth Collab Drives Ecosystem Expansion

Feb 01, 2025 at 08:00 am

The crypto market is on fire with exciting developments! Pepe coin is facing some headwinds, with analysts predicting a possible 20% dip to $0.000010

Pepe Coin Faces Potential 20% Dip, Mantra (OM) Surge Targets $12, BlockDAG & HackerEarth Collab Drives Ecosystem Expansion

Pepe coin is facing some heat from traders as it continues to trade within a descending trendline that led to a 30% drop last week and a breach of the 200-day EMA. Pepe coin indicators show no sign of being oversold yet, suggesting it could continue its decline. Some analysts believe that if Pepe coin closes below $0.000013 on the daily chart, a 20% plunge to $0.000010 may unfold. A low long-to-short ratio of around 0.72 adds to the bearish sentiment. Pepe coin is trading around $0.000013 with persistent downward pressure.

Meanwhile, Mantra (OM) is making waves with a recent surge, driven by a tokenization deal with DAMAC and a growing focus on real-world asset adoption. Some analysts are optimistic about the token’s potential to reach $8 to $12 if the current gains continue. Observers cite active buying in response to the Mantra surge developments, including a $20 billion data centre investment and interest from big names in finance.

But it’s BlockDAG’s latest partnership that’s stealing the spotlight. They aim to engage over 10,000 developers through global hackathons, fostering the creation of 200+ unique projects on the network. This collaboration offers a fantastic opportunity for those looking to dive into a project linked to innovation in DeFi, infrastructure, and Web3 technologies. BlockDAG has announced a collaborative effort with HackerEarth, outlining strategic hackathons designed to put its Layer 1 network on the global map.

Over $187 million has been raised in its presale, with over 18.2 billion coins sold, reflecting strong interest. Early participants have enjoyed a 2,380% ROI, fueling the perception that BlockDAG will continue to grow. The coin is currently priced at an affordable $0.0248, with analysts predicting it could reach $1 by 2025. Organizers see these upcoming hackathons as a pivotal way to boost BlockDAG among developers.

“We believe hackathons are a fantastic way to connect with developers, promote innovation, and accelerate the growth of the BlockDAG ecosystem,” said a BlockDAG Spokesperson.

“Partnering with HackerEarth allows us to leverage their expertise and extensive community to achieve our goals,” the spokesperson added. The plan involves engaging over 10,000 developers and fostering an environment where new high-quality dApps and Web3 solutions can flourish.

BlockDAG also has the option to hold smaller, more focused events targeting themes like DeFi and infrastructure, enabling localized outreach. Such efforts are expected to deliver focused visibility, attracting those who want to support the project before a wider market launch. Over 500 companies have previously used HackerEarth’s platform to drive adoption.

Many believe this partnership solidifies BlockDAG’s position as an influential project for 2025, combining a successful fundraising effort with an open invitation for developers worldwide.

The Mantra (OM) surge showcases the impact of real-world asset tokenization. Its $1 billion deal with DAMAC and strong market activity have fueled optimism about its potential to reach $12.

Pepe coin, on the other hand, is facing bearish conditions and potentially further declines. Analysts suggest that if support fails, Pepe coin could see a 20% drop, leaving traders to assess the risks.

However, traders are excited about BlockDAG’s collaboration with HackerEarth, which focuses on global hackathons and developer engagement to advance its Layer 1 network. BlockDAG’s presale presents an exciting avenue for those seeking a chance to get involved in a project that is tied to future adaptations of the crypto market.

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Other articles published on Feb 01, 2025