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Pi Network price has crashed this month, continuing the downtrend that started on May 12 when it peaked at $1.670. It has plunged by 70% to the psychological point at $0.500. While sentiment remains bearish, a falling wedge pattern, falling volatility, and the upcoming Pi Day may trigger a strong rebound. Pi Network Price Falling
The post 3 Reasons Pi Network Price Could Soar This Week appeared first on CoinGape.
The post Why XRP’s Price Isn’t Reflecting Its True Utility Yet? appeared first on Coinpedia Fintech News
XRP is one of the most utility-driven assets in the crypto space. It powers billions in cross-border payments, settles transactions in just 3 to 5 seconds, and is used by major banks and institutions globally. Despite all this, its price remains underwhelming. A recent post by All Things XRP lays out the reasons why and what could change soon.
One of the main reasons XRP’s utility doesn’t impact its price is how it’s being used. Most institutional players acquire XRP over-the-counter (OTC), not through public exchanges. So even though banks are transacting with XRP, that volume doesn’t show up in trading data. This disconnect keeps the price relatively flat despite high utility.
But things could soon shift. Ripple recently acquired Hidden Road, a prime brokerage that moves over $3 trillion a year. If even a portion of that volume starts running through the public XRP Ledger (XRPL), the demand would become visible to markets, possibly causing the price to spike. This could finally allow XRP’s real-world use to show up in price charts.
Traders are paying close attention. The ongoing talks around an XRP ETF and Ripple’s expanding network of CBDC and financial partnerships are boosting sentiment. Speculation acts as a bridge between utility and price, and that bridge is currently under construction. Analysts say there’s an 85% chance of an XRP ETF approval this year, which could attract serious institutional money.
Unlike Bitcoin, which is seen as digital gold, XRP functions more like a financial rail. According to Teucrium’s CEO, XRP’s real-world use case might even surpass Bitcoin’s. As crypto markets evolve from hype to utility, XRP stands to benefit.
Many people get stuck on the idea of market cap (price × supply), thinking it limits how high XRP can go. But that’s a misunderstanding. For utility tokens like XRP, what matters most is how useful they are. If XRP becomes essential for global payments, price growth is inevitable, regardless of market cap.
Right now, XRP’s price doesn’t reflect its true potential. But with institutional pipelines growing, more public usage on the horizon, and ETF access likely, the gap between price and utility may soon close. Real-world use could finally drive real price movement.
On the flip side, Versan Aljarrah, CEO of Black Swan Capitalist, claims XRP’s true value has already been set behind closed doors by financial giants like JP Morgan and BlackRock, comparing it to a pre-IPO stock. He believes institutions see XRP as key to global finance and may value it far higher than its current market price, sparking debate over whether retail prices truly reflect its real utility.
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The post Why XRP’s Price Isn’t Reflecting Its True Utility Yet? appeared first on Coinpedia Fintech News
XRP is one of the most utility-driven assets in the crypto space. It powers billions in cross-border payments, settles transactions in just 3 to 5 seconds, and is used by major banks and institutions globally. Despite all this, its price remains underwhelming. A recent post by All Things XRP lays out the reasons why and …
The post Investors Still Skeptical About the BTC Price Rally-—Is This a Calm Before the Storm or a Reversal Incoming? appeared first on Coinpedia Fintech News
Bitcoin price has been displaying massive volatility since the start of the year. Despite a drop from the ATH close to $109K, the bulls and the whales do not appear to have lost their momentum. As a result, the token has managed to breach above the crucial resistance at $88,500 and almost marked the highs at $94,000. Currently, the token is facing some upward pressure, but the momentum of the bulls does not appear to have faded.
The latest data from Glassnode hints towards the whales soaking up the supply at a pace not seen before 2020. The large buyers have been buying heavily, with the wallet holding more than 10,000 BTC, displaying a large accumulation.
Holders with BTC ranging from 1000 to more than 10,000 BTC have been displaying a near-perfect accumulation. On the other hand, the institutions have also begun to accumulate Bitcoin. The spot ETF inflows hit a record high during the past trading day, with nearly a billion, the biggest since November. After 4 days of consecutive gains, the market participants seem to have become bullish on Bitcoin. Unfortunately, they remain skeptical about the next price action as the market remains split between the longs and the shorts.
The Bitcoin long/short ratio is at around 0.9841, which suggests the traders are hedging heavily. Despite the latest rise in the bullish momentum, the longs record 49.56% of the trade, while shorts are around 50.4%. Hence, raising speculation whether it is a calm before a massive breakout or the token is heading for a reversal.
The short-term price action of BTC is bullish, as the token has been forming constant higher highs and lows. The volatility of the token has risen to some extent due to a notable influx of buying volume. Therefore, the price is expected to maintain a healthy upswing, regardless of the upward pressure.
The stochastic RSI has reached the lower threshold and is preparing to initiate a bullish crossover. Meanwhile, the MACD in the short term shows a drop in the buying pressure while the levels are heading for a bearish crossover. Hence, the price, which has dropped below the rising trend line, may reach the average levels of the channel. However, the price is expected to trigger a rebound and reach the resistance of the channel and rise above $96,000 before the end of the month.
The post Investors Still Skeptical About the BTC Price Rally-—Is This a Calm Before the Storm or a Reversal Incoming? appeared first on Coinpedia Fintech News
Bitcoin price has been displaying massive volatility since the start of the year. Despite a drop from the ATH close to $109K, the bulls and the whales do not appear to have lost their momentum. As a result, the token has managed to breach above the crucial resistance at $88,500 and almost marked the highs …
Crypto market has staged a strong upside today with Bitcoin (BTC) price shooting 4% to $109,500 levels, and preparing for new all-time highs and price discovery soon. Latest data shows that BTC has been closely following the M2 Money supply, and its next stop could be to $125,000. Altcoins, too, have joined the party as
The post Crypto Market Rally: Bitcoin and Altcoins Follow Global M2 Before US CPI appeared first on CoinGape.