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Bitcoinsensus
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Who Wants a Slice of $Pi—Pi Network Gains Traction Ahead of Consensus 2025
- Pi Network's $PI token surged 108% to $1.50, its highest price since March, due to increased adoption and trading volume.
- Holders are anticipating major announcements at Consensus 2025, such as exchange listings and KYB approvals, which could further boost the token.
- Speculation is growing that Pi Network may finalize its open mainnet roadmap, leading to renewed interest and confidence in the project.
- Nicolas Kokkalis, the Pi Network founder, is expected to make significant announcements during his speech at Consensus 2025, which is viewed as a pivotal moment for the altcoin.
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TronWeekly
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Pi Coin Price Surges and Breaks Above $1 After 35% Daily Rise
- Pi Coin price surged to $1.53, a 63.3% daily gain and 158% weekly rise.
- Trading volume surpassed $1.4 billion due to market speculation on reaching $1.50 and potentially $2.
- Pi Coin breaks $1 mark for the first time in nearly two months, with a 55.9% increase in the last 24 hours.
- Despite not reaching its all-time high of $2.99, Pi Coin shows upward trend with potential move towards $1.50 and $2.
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Coindoo
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Digital Asset Investment Products See Weekly Inflows of $882 Million, Led by the U.S. and Bitcoin
- Weekly inflows into digital asset investment products reached $882 million, bringing month-to-date inflows to $2 billion and year-to-date figures to $6.72 billion.
- The United States dominated the inflows, with $840 million, followed by Germany at $44.5 million and Australia at $10.2 million. Countries like Canada, Sweden, and Hong Kong experienced net outflows.
- Bitcoin led the way with $867 million in weekly inflows, reaching $1.95 billion month-to-date. Ethereum saw modest inflows, while Sui emerged as a top altcoin with $11.7 million in inflows.
- iShares ETFs reported the highest weekly inflows at $1.03 billion, followed by Fidelity Wise Origin and ARK 21 Shares. Grayscale Investments experienced the largest weekly outflow, continuing with YTD net loss.
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Coindoo
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Dogecoin Breaks Key Resistance: A Move Toward $0.27 in Sight?
- Dogecoin has broken a key resistance level, indicating a potential move towards $0.27.
- Weekly close above the pre-halving highs suggests a shift from resistance to support, strengthening bullish sentiment.
- On the daily chart, Dogecoin is showing signs of strength with a 62.70% rally and a target at $0.27.
- Maintaining the newly established support is crucial for further momentum, with a potential retest at $0.16 if support is not held.
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TronWeekly
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VeChain Price Surges 28%, Could This Bullish Trend Continue Rising?
- VeChain (VET) price has surged by 28.81% this week, currently trading at $0.03288 with high volume and market value.
- Despite a brief halt due to profit-taking, the price of VET is continuing to move upwards, supported by strong market indicators like RSI and MACD.
- VeChain has entered a bullish phase, breaking past resistance levels and experiencing growing investor interest.
- While there may be a possibility of a brief correction or sideways movement, the support levels at $0.03087 and $0.02886 are in place, with resistance around $0.03309 extending to $0.05020.
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TronWeekly
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Ripple (XRP) Surges Past $2.50, Eyes Return to All-Time High Levels
- XRP surged from $2.09 to $2.56 this week, gaining 22% and boosting market optimism.
- Analyst Michaël van de Poppe indicated $1.75 as a significant buy zone, with XRP climbing almost 50% since then.
- Dark Defender projects XRP hitting $36.76, citing Elliott Wave analysis and a long-term resistance break.
- XRP has risen 22.49% in the past week, displaying bullish indicators and potential for further growth.
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Coinjournal
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Image Credit: Coinjournal
VeChain price prediction: Is VET poised for a 300% surge?
- VeChain's price rose as Bitcoin broke past $105k, leading to a 7% gain in VET price reaching highs of $0.034.
- VET is currently trading at $0.033, with a 32% increase in the past week and a 44% increase in the past month.
- Technical indicators suggest VET price could pump to $0.090 or higher with a potential 300% surge predicted in the future.
- Analysts believe that VET's bullish breakout from a falling wedge pattern indicates room for bulls to attack resistance levels, potentially reaching $0.094 or higher.
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TronWeekly
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CryptoQuant CEO Warns of New Stablecoin Threat Amid Global Regulation
- CryptoQuant CEO Ki Young Ju warns of the emergence of dark stablecoins in response to increasing global stablecoin regulations.
- Dark stablecoins could utilize decentralized algorithmic systems to ensure censorship resistance and avoid government control.
- Algorithmic stablecoins differ from traditional stablecoins as they maintain value through code-based supply adjustments rather than fiat reserves.
- The CEO highlighted that Tether's USDT already exhibits some characteristics of a dark stablecoin and could set a precedent for semi-regulated stablecoins in the future.
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99Bitcoins
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XCN Crypto Is Set For Mega Update: What Does it Mean for Onyxcoin Price?
- Onyxcoin's XCN crypto is set for a major update with OIP-56 proposal introducing gas-free voting, potentially impacting the price.
- XCN's price holding up, but a high NVT ratio indicates potential overvaluation, posing a risk for correction without improved fundamentals.
- XCN's sideways action reflects uncertainty, with attention on the trading band of $0.0214–$0.0165 for potential price movements.
- The OIP-56 update brings optimism for XCN's future utility, but concerns persist due to a discord between promises and performance.
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TheNewsCrypto
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PEPE Price and Volume Surge: Are the Bulls Ready to Launch a Bigger Run and Break Through Key Levels?
- PEPE, the frog-themed meme coin, has surged by 10.95% with a market cap of $6.16 billion.
- PEPE's daily trading volume has increased by over 51.93%, reaching $2.76 billion, with a $6.37 million liquidation.
- Over the past week, PEPE has gained 80.62% from a low of $0.0000076 to the current level of around $0.00001464.
- Technical analysis suggests PEPE might climb towards $0.00001486 and $0.000015 range, but a downside correction could find support at $0.00001442 level.
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99Bitcoins
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America’s BitGo Targets EU After MiCA Approval From Germany’s BaFin
- BitGo, a cryptocurrency custody provider, secures MiCA license from Germany's BaFin to offer digital asset services across all EU member states.
- Harald Patt of BitGo Europe GmbH highlights the importance of regulatory compliance and commitment to security, transparency, and trust.
- BitGo expands its presence in Europe following regulatory approval, targeting institutional clients like banks, asset managers, and crypto firms.
- BitGo aims to capitalize on the crypto-friendly stance in the US, prepares for potential IPO, and launches global OTC trading desk for digital assets.
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Coinjournal
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Image Credit: Coinjournal
Injective price jumps as bulls extend gains amid Bitcoin spike
- Injective (INJ) price is extending gains above the $10 mark, currently trading above $13.60 driven by Bitcoin's rally above $105,000 and real-world asset tokenization catalysts.
- Injective is among the top-performing altcoins as bullish momentum sweeps through the market, with increased speculative interest in projects like Injective due to macroeconomic optimism and regulatory progress.
- INJ technical outlook is largely bullish, with the daily RSI indicating potential for more gains, and the MACD showing a bullish crossover, targeting levels around $16 and $20 if the momentum continues.
- Injective's focus on decentralised finance and real-world asset tokenization, coupled with strong institutional demand and the growth of the RWA ecosystem, may further boost INJ's price momentum in the near term.
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Coindoo
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Big Week Ahead: Key U.S. Economic Events Could Shape Crypto’s Next Move
- The U.S. Consumer Price Index (CPI) report for April on May 13 will provide insight into potential rate cuts by the Federal Reserve, impacting crypto sentiment.
- The U.S. Securities and Exchange Commission (SEC) will host a roundtable on May 13 to discuss integrating traditional finance (TradFi) with decentralized finance (DeFi), potentially impacting regulatory decisions in the crypto space.
- The Producer Price Index (PPI) report on May 15 will reveal wholesale inflation trends, influencing the Fed's policy decisions and financial markets.
- Federal Reserve Chair Jerome Powell's remarks on May 15 could also affect market movements as discussions continue around potential rate cuts amidst strong employment and stabilizing prices.
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99Bitcoins
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Binance Smart Chain: The Most Dangerous Chain in Crypto?
- Binance Smart Chain, created by Binance's CEO Changpeng Zhao, is a popular cryptocurrency with low network fees and various benefits.
- Standard Chartered predicts that BNB could reach $1,275 by the end of next year and $2,775 by 2028, making it a highly valued token.
- Despite its success, BNB is controversial due to concerns about its centralization, regulatory issues, and rising competition from platforms like Coinbase and Kraken.
- Binance has transformed BNB beyond a token and benefits users through fee reductions, security measures, and scarcity due to coin burning, but faces challenges in maintaining its dominance.
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Bitcoinsensus
2M
438
Image Credit: Bitcoinsensus
WIF Price Analysis: Long Bias with a Twist
- WIF (dogwifhat) is a memecoin built on Solana, known for its fun culture and serious price action.
- Weekly demand zones could serve as strong supports if the current uptrend falters.
- On the daily chart, there is a long bias, but caution is advised due to potential liquidity grabs from trendline areas.
- In the short term, price action on the 4-hour timeframe indicates a possible dip into a liquidity pool, creating a risky situation for traders.
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