Pi Network (PI) Breaks Past $1, Dawgz AI (DAGZ) Emerges as the Next Top Penny Crypto to Buy

The cryptocurrency market is buzzing with excitement as Pi Network Coin ($PI) breaks past the $1 mark.

The cryptocurrency market is buzzing with excitement as Pi Network Coin (CRYPTO: PI) breaches the $1 mark.

With a 51% price surge in just 24 hours and trading volume increasing by over 167%, Pi is capturing trader and investor attention like never before.

But what does Pi’s future hold? Could this be the best penny crypto to buy right now?

And what about Dawgz AI (CRYPTO: DAGZ), another emerging gem shaking up the penny crypto scene? Let’s break it all down.

Pi Network Price Breaks Past Key Resistance

For several weeks, Pi Network Coin has been testing the $1 threshold. Now, it seems to be making a breakout move. From $0.79 yesterday morning, Pi surged to $1.20 before stabilizing. This makes it one of the best-performing cryptocurrencies this week.

Investors are now eyeing $1.40 as the next major resistance level for Pi. If the coin manages to clear this hurdle, it could pave the way to a $2 milestone, driven by strong market sentiment and upcoming announcements from the Pi Core Team.

Key Takeaways:

Crypto analyst Dr. Altcoin suggests this rally isn’t just a market whim. “Pi combines a loyal community with potential long-term utility, which could fuel further growth.”

Next Steps for Investors

If you’re planning to invest in Pi, keep a close watch on trading volume and any upcoming news from the Pi Core Team. Timing is crucial when trading penny cryptocurrencies like Pi.

Annoucement at Consensus 2024

Most of the excitement surrounding Pi Coin stems from an anticipated announcement scheduled for May 14 during the Consensus Conference in Toronto. Dr. Nicolas Kokkalis, the founder of Pi Network, is expected to unveil potential upgrades that could revolutionize Pi’s ecosystem.

Among the speculated updates:

What Could This Mean for Pi’s Price?

Announcements like these can drastically shift market dynamics. If the Pi team announces partnerships or ecosystem upgrades, the coin’s value might quickly climb beyond its short-term resistance levels.

Also, recent blockchain data shows that a single wallet recently acquired 70 million Pi tokens, signaling potential whale activity.

Rumors are also swirling about a potential Binance listing for Pi. Historically, listings on major exchanges like Binance drastically boost a coin’s visibility and liquidity, often leading to significant price gains.

While there’s no official confirmation yet, traders are advising investors to be vigilant. Keep an eye out for signs like upcoming compliance updates or increased activity on the Pi blockchain, as these could precede an exchange announcement.

Another Penny Crypto to Watch: Dawgz AI

While Pi Coin is making headlines, another cryptocurrency is quietly heating up the penny crypto sphere: Dawgz AI. Often called a ‘next-gen meme coin,’ Dawgz AI uniquely combines blockchain technology with artificial intelligence.

Why Is Dawgz AI Different?

What makes Dawgz AI stand out is its use of sophisticated AI to analyze over 40 market indicators. This ensures data-backed trading decisions are made 24/7. Normally, such technology comes with costly monthly subscription fees, but Dawgz integrates it seamlessly into its ecosystem.

Investors can also stake their $DAGZ tokens to earn Annual Percentage Yields (APY). It’s an easy way to generate passive income while holding tokens.

Lastly, the $DAGZ token is set to undergo regular burns, which reduces the overall token supply. This creates scarcity and boosts the long-term value for those who hold $DAGZ tokens.

Currently, Dawgz AI is in its presale phase, with tokens priced at $0.004. Over $3.5 million has already been raised, making it a great time to invest before the price increases.

What’s Next for Pi and Dawgz AI?

Analysts suggest that Dawgz AI’s focus on both utility and community engagement positions it as a top contender for best penny crypto. With a roadmap including Decentralized Finance (DeFi) applications, staking rewards, and widespread adoption, it’s more than just a typical meme coin.

Both Pi Network and Dawgz AI are pushing boundaries in the crypto space.