BlockDAG’s 10x Mining Demo, PENGU Rally, & LINK Price Target

The cryptocurrency market witnessed significant movements across three key projects in recent trading sessions, with Pudgy Penguins (PENGU), Chainlink (LINK), and BlockDAG each attracting attention through price action, technical indicators, and product developments. PENGU surged 20% in 24 hours after breaking out of a symmetrical triangle pattern, reaching a multi-month high of $0.379. The rally was driven by strong demand in its NFT collection, with the floor price rising 16% to 16.75 ETH ($63,500), establishing it as the second-largest NFT project by market cap. Broader NFT market activity also saw a 370% spike in daily volume and a total market cap exceeding $6 billion [1].

Chainlink (LINK) demonstrated robust momentum, climbing 7% to trade near $20. The price reclaimed key Fibonacci levels, currently above the 0.618 support at $18.93, with a projected target of $22.30. Technical indicators reinforced the bullish trend: RSI entered overbought territory at 82, MACD showed divergence, and derivatives metrics indicated buyer dominance. Open interest rose 13% to $1.05 billion, while trading volume increased 46% to $1.93 billion, signaling sustained demand [1].

BlockDAG, a presale project, announced a live demonstration of its X10 rig this Wednesday, which pairs with the X1 Miner app to multiply daily earnings by 10x. The X1 app already allows users to mine up to 20 BDAG per day via smartphones, but the X10 rig will boost this to 200 BDAG. The project’s presale has raised $350 million, selling over 24 billion BDAG, with a limited-time “NO VESTING PASS” offering full access to tokens on launch day. BDAG’s price in Batch 29 is $0.0016, though it jumps to $0.05 post-August 11, implying a 3025% return for early buyers [1].

The PENGU rally reflects broader NFT market enthusiasm, though a pullback to $0.031–$0.032 may occur as RSI nears overbought levels. LINK’s $22.30 target gains credibility with strong volume and technical alignment, though further gains depend on sustained momentum. BlockDAG’s X10 demo could redefine accessibility in crypto mining, combining utility with high ROI potential. The NO VESTING PASS and pre-launch pricing highlight its appeal for early adopters, positioning it as a top contender for investors seeking growth and innovation [1].

Source: [1] [title: BlockDAG’s 10x Mining Demo, PENGU Rally, & LINK Price Target] [url: https://coinmarketcap.com/community/articles/68816a97cdd3e84fefeed9d4/]