Pi Coin ($PI) is rallying as it approaches the $1 mark, showing strong momentum with a 34% surge in the last 24 hours, briefly hitting $0.98. The cryptocurrency community is celebrating, with massive trading volume, bullish sentiment, and hints of major developments on the brink.
The next resistance levels for Pi are set at $1.00, followed by $1.40, while support currently sits around $0.80.
Crypto analyst Dr. Altcoin shared that the Pi Network team will make a big announcement on May 14, 2025. This date is important because it’s the same day the Consensus Summit 2025 begins in Toronto, where Pi’s founder, Dr. Nicolas Kokkalis, will be speaking. The analyst believes this news could be very good for Pi’s price. He predicts that Pi could reach $1 by May 14, go up to $2 by the end of August, and maybe reach $2 to $5 by the end of the year.
Binance Listing Soon?
According to on-chain data, a mysterious wallet made a massive purchase of 70 million PI from OKX, pushing its total holdings to 155 million PI—more than any other wallet on active exchanges. This activity has sparked speculation that a big centralized exchange (CEX) might be preparing to list Pi Coin.
These patterns mirror previous movements seen before major exchange listings, and the timing aligns with increased activity on the Pi Blockchain and preparations for KYB (Know Your Business) compliance—a requirement for official listings.
Community Excitement and Expansion
The Pi Network ecosystem is also expanding, and community hype is at an all-time high. With Pi already ranked among the top 30 cryptocurrencies by market cap on CoinGecko, many believe this is just the beginning.
The Pi community is now wondering: Which exchange will list Pi next? Could it be Binance, Coinbase, or another big player?
This week has been quite lively for Bitcoin (BTC) fans, as there were 42 exciting updates during those days. @btcNLNico on X has given an update that a total of 16 firms have adopted Bitcoin treasury strategies, among which five have already invested about $10.2 million in it. Investing A Huge Amount in Bitcoin Treasury
Today, approximately $8.05 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire, prompting crypto market participants to brace for volatility.
Traders and investors should be particularly attentive to today’s options expiry due to its volume and notional value, increasing the odds of potential influence on short-term trends. However, the put-to-call ratios and maximum pain points provide insight into what can be expected and the possible market directions.
Insights on Today’s Expiring Bitcoin and Ethereum Options
The notional value of today’s expiring Bitcoin options is $7.24 billion. According to Deribit’s data, these 77,642 expiring Bitcoin options have a put-to-call ratio 0.73. This ratio suggests a prevalence of purchase options (calls) over sales options (puts).
The data also reveals that the maximum pain point for these expiring options is $86,000. In crypto options trading, the maximum pain point is the price at which the asset will cause the greatest number of holders’ financial losses.
In addition to Bitcoin options, 458,926 Ethereum options contracts are set to expire today. These expiring options have a notional value of $808.3 million, a put-to-call ratio of 0.74, and a maximum pain point of $1,900.
The number of today’s expiring Ethereum options was significantly higher than last week. BeInCrypto reported that last week’s expired ETH options were 177,130 contracts, with a notional value of $279.789 million.
As of this writing, Bitcoin was trading well above its maximum pain level of $86,000 at $93,471. Meanwhile, Ethereum was trading below its strike price of $1,900 at $1,764.
“BTC trades above max pain, ETH below. Positioning into expiry is anything but aligned,” Deribit analysts remarked.
With the max pain level (also called strike price) often acting as a magnet for price due to smart money actions, both Bitcoin and Ethereum could pull towards their respective levels.
The positioning of both BTC and ETH open interest indicates high trader activity near max pain. The dense clustering of their respective histograms around $80,000 to $90,000 for Bitcoin and around $1,800 to $2,000 for Ethereum shows this.
This positioning suggests potential for short-term price consolidation or volatility.
Polymarket: Only 16% Chance Bitcoin Price Hits $100,000 in April
According to Deribit, traders are selling cash-secured put options on Bitcoin. Further, they are using stablecoins to collect premiums while positioning to buy BTC at lower prices. This reflects a long-term bullish outlook.
“BTC traders on Deribit are expressing long-term bullish sentiment, selling cash-secured puts using stablecoins to potentially buy the dip and collect yield,” Deribit wrote.
Analysts on Deribit also note the highest open interest for BTC options around the $100,000 strike price. This indicates strong market expectations of Bitcoin reaching this level.
Nevertheless, data on the Polymarket prediction platform shows traders estimating only a 16% chance of BTC hitting $100,000 in April.
Another interesting observation is that the Cumulative delta (CD) across BTC and related ETF (exchange-traded fund) options on Deribit reached $9 billion. While this shows high sensitivity to Bitcoin price changes, it also suggests potential volatility as market makers hedge their positions.
Notwithstanding, Deribit analysts also reveal a surge in Bitcoin call option buying for April to June 2025 expiries. Investors are reportedly targeting strikes between $90,000 and $110,000, a sentiment inspired by Bitcoin’s price breaking above 89,000.
Nevertheless, not all activity leading up to Bitcoin’s recovery was new money or a fresh capital influx. According to an analysis by Deribit’s Tony Stewart, half of it involved rolling up existing positions, indicating strategic adjustments by traders.
Ripple’s XRP, once seen as a slow mover in the crypto world, is now turning heads. For the past six months, it has been beating Ethereum, the worlds largest altcoin in the price growth. This has left many wondering what’s driving this success and how long it will take XRP to surpass Ethereum in market cap.
Let’s find out what’s going on.
XRP Outperforms Ethereum for 6 Months
Since the beginning of the Ripple vs SEC lawsuits began, XRP’s price has dropped from its highest point of $3.39 to as low as $0.10. Even after such a big fall, XRP has managed to bounce back and reached $3 again after Ripple almost secured the win in the lawsuit against the SEC.
After a long period of underperforming, XRP is now doing better than one of its biggest rivals. For the last six months, XRP has outperformed Ethereum in price growth.
The price surge began in November 2024, when XRP saw a jump of 160%. Since then, XRP has kept rising with gains of 18.5% in December, 45.3% in January, 4.3% in February, 19.6% in March, and 14.3% in April.
This is the first time in history $XRP has outperformed $ETH for more than 5 months in a row
Ripple vs. SEC Lawsuit: SEC Drops 4-year-old Lawsuit
One big reason XRP is doing well is because of almost end of the Ripple SEC lawsuits. After the SEC had officially dropped its four-year-old lawsuit against Ripple.
With this announcement, it ends a long battle between the regulator and the crypto industry. This has led to more people buying XRP, which has pushed its price up to $2.5.
XRP ETFs: The Key to XRP’s Success
Another big reason behind XRP’s outstanding performance is the growing possibility of XRP ETF approval by the end of 2025. When people buy these ETFs, the XRP is taken off the market and kept safe. This makes less XRP available to trade, which could make its price go up.
Right now, 18 XRP ETFs are being created, and this number is likely to grow. The idea that big companies, like BlackRock, might start investing in XRP has made many people even more excited.
Better Regulations for XRP
Since Trump became president again, crypto rules have become clearer. Experts think this will help more people trust XRP and start buying it before prices goes up.
Interestingly, Geoffrey Kendrick from Standard Chartered believes XRP could pass Ethereum by 2028, thanks to its use in global payments.
As of now, XRP is at $2.10 with a $122.14B market cap, while Ethereum is at $1,613 with a $198.94B market cap.
The post XRP Beats Ethereum for 6 Months Straight – Will XRP Become Next Largest Altcoin? appeared first on Coinpedia Fintech News
Ripple’s XRP, once seen as a slow mover in the crypto world, is now turning heads. For the past six months, it has been beating Ethereum, the worlds largest altcoin in the price growth. This has left many wondering what’s driving this success and how long it will take XRP to surpass Ethereum in market …
