BlackRock’s filing for an XRP ETF is highly awaited in the XRP community, as the company manages $11.6 trillion in assets. Franklin Templeton, a $1.5 trillion asset manager, recently filed its own S-1 form for an XRP ETF. With increasing interest in digital assets, companies like BlackRock are eager not to miss the opportunity, as they did with Bitcoin ETFs. The competition is intensifying with many firms, including Grayscale, eager to offer XRP futures ETFs.
Nate Geraci, president of The ETF Store, has forecasted that BlackRock will file for both Solana and XRP ETFs. He predicts that a Solana ETF could be filed at any moment, while an XRP ETF would likely come after the conclusion of the SEC lawsuit.
For the unversed, in July 2023, a court ruled that Ripple’s direct sales of XRP to institutional investors broke securities laws, but sales on public exchanges did not. This resulted in a $125 million fine and restrictions on Ripple’s institutional XRP sales. The SEC has dropped cases against major crypto firms, and XRP could be next. Also, President Donald Trump’s administration created a Crypto Strategic Reserve, which includes Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA).
BlackRock currently leads the market in both Bitcoin and Ether ETFs by assets, and Geraci believes the company won’t let competitors launch ETFs on two of the top five non-stablecoin crypto assets without putting up a fight. Additionally, he predicts that BlackRock will also file for crypto index ETFs in the future.
Industry watchers are excited about the race, as BlackRock’s involvement would significantly impact the future of XRP ETFs, mirroring the success of Bitcoin ETFs. The SEC’s delay in approval may provide time for additional players like BlackRock and Franklin Templeton to solidify their positions. The race for XRP-related financial products is on, and all eyes are on the SEC’s next steps.
Investors are closely monitoring these developments, hopeful that clearer regulations will guide the market forward and attract more institutional investors into the cryptocurrency space. The future of XRP and digital asset ETFs looks promising as industry giants gear up for what’s expected to be a game-changing year.
The post BlackRock Eyes XRP ETF Filing After SEC Lawsuit Conclusion appeared first on Coinpedia Fintech News
BlackRock’s filing for an XRP ETF is highly awaited in the XRP community, as the company manages $11.6 trillion in assets. Franklin Templeton, a $1.5 trillion asset manager, recently filed its own S-1 form for an XRP ETF. With increasing interest in digital assets, companies like BlackRock are eager not to miss the opportunity, as …
POPCAT has faced significant challenges since the beginning of February, as attempts at recovery have failed to materialize. Despite some price rallies, the meme coin has struggled to regain its losses, with a 48% drop weighing heavily on its performance.
While the altcoin is still attempting a recovery, a lack of strong support and market optimism is causing delays in any significant rebound. But the meme coin did have a key bullish moment this week.
POPCAT Needs Investors’ Backing
The Chaikin Money Flow (CMF) indicator has remained stuck below the zero line for the past three and a half months. This suggests that inflows into POPCAT have been weak since early December 2024, with little buying interest. The lack of conviction due to fear of losses from investors has contributed to a lack of momentum, keeping the meme coin from experiencing a recovery.
The weak CMF reading signals that investors are not pouring money into POPCAT, which is preventing a meaningful price increase. This has led to the coin’s struggle to maintain any positive price action, further delaying the recovery.
Technical indicators such as the Relative Strength Index (RSI) also reflect POPCAT’s struggle to find sustained momentum. The RSI has remained below the neutral line of 50.0 for the past three months, indicating weak bullish signals. This reinforces the notion that broader market cues are not supporting a strong recovery for the meme coin.
Without support from the broader market, POPCAT has found it difficult to break out of its current downtrend. Until the market improves, POPCAT is unlikely to break its bearish cycle.
Over the last four days, POPCAT has rallied nearly 20%, currently trading at $0.180. A key catalyst was Robinhood’s POPCAT listing on Thursday, which is expected to drive more investment into the asset and expose it to more investors.
The altcoin has bounced off the support level of $0.140 and is now under the resistance of $0.203. While this recent recovery is encouraging, it will face significant challenges in breaching the $0.203 barrier.
Given the weak market conditions and investor sentiment, POPCAT could struggle to break through the $0.203 resistance. It is more likely that the altcoin will consolidate within the range of $0.140 to $0.203, at least until stronger market cues emerge. This could delay any potential recovery further.
However, if market conditions and investor behavior improve, POPCAT may push past the $0.203 resistance. A successful breach of this level could see the altcoin test $0.238, invalidating the current bearish outlook. This would signal a shift in market sentiment and possibly set the stage for a more sustained recovery.
Ethereum will launch the Hoodi testnet on March 17, addressing Pectra testing issues encountered on the Holesky and Sepolia testnets.
This move comes as developers work to troubleshoot bugs that could potentially delay the Sepolia fork.
Ethereum Unveils Hoodi Testnet for Pectra Testing
The Ethereum network has been working on the Pectra upgrade to introduce key Ethereum Improvement Proposals (EIPs). These proposals will enhance staking mechanisms and improve the wallet user experience.
However, Ethereum conducts tests in the run-up to its various EIPs. These probes ensure seamless upgrades and mainnet launches, citing methodical testing strategies.
However, in a February 25 post, Christine Kim, a researcher at Galaxy, highlighted the challenges faced in the testing phase of Ethereum’s Pectra Upgrade.
“Pectra is live on Holesky…Seeing a slight uptick in missed blocks but the network participation rate looks strong…some client teams are reporting issues with invalid blocks in the Eth R&D discord… lots more missed blocks and the network isn’t finalizing…Devs are troubleshooting what the issues are. Depending on the scale of the bugs, devs could delay the Sepolia fork… network is still not finalizing, the participation rate has dropped to ~50%,” Kim explained.
To establish whether these creases have been ironed out, Ethereum will launch the Hoodi testnet on Monday, March 17. If testing on Hoodi proves successful, the Pectra upgrade could go live on Ethereum’s mainnet by late April. However, according to Tim Beiko, a key Ethereum developer, delays extending into May remain possible.
“A new testnet, Hoodi, is going live Monday to wrap up Pectra testing. If you need to test validator exits, be on the lookout for it! Everything else can be tested on Sepolia & Holesky. Pectra will be scheduled 30+ days after Hoodi forks successfully, pending infra and client testing. Fusaka planning will run in parallel, with a deadline of March 24 to propose EIPs, and a tentative date of April 10 for a scope freeze,” Beiko articulated.
Ethereum’s Pectra Upgrade timeline. Source: Tim Beiko on X
This means that the Ethereum Pectra Upgrade is contingent on successful testing on Hoodi after previous testnets. With the Hoodi testnet slated for March 17 and Pectra Upgrade at least 30 days thereafter, the update could go live as soon as April 17 or later. Some users expressed dissatisfaction with this delay.
“Pectra delayed by a month. Core devs really can’t ship anything in time,” one user remarked.
Nevertheless, others seemed unsurprised by the timeline, an understanding that likely appreciates the rigorousness of delivering seamless mainnet launches. The launch of the Hoodi testnet next week represents a crucial step in ensuring the stability and effectiveness of the Pectra upgrade.
With developer scrutiny intensifying and planned improvements in staking and user experience, Ethereum’s roadmap focuses on long-term scalability and security enhancements for its network.
“I’m stoked this could make ETH even sharper and more efficient,” a user on X remarked.
Fusaka, the next major upgrade, will follow in 2026. While details remain scarce, Fusaka promises to refine Ethereum’s scalability and efficiency further. This will advance the network’s evolution toward greater usability and adoption.
Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the Ripple USD (RLUSD) stablecoin can be temporarily halted or reversed to comply with legal or regulatory requirements.
Schwartz’s statement comes after Senator Bill Hagerty updated the GENIUS Act. The bill requires stablecoin issuers to implement technology that allows freezing, seizing, or stopping transfers when legally mandated.
Ripple Technology Enables Freezing of RLUSD Stablecoin
“Requires the permitted payment stablecoin issuer to seize, freeze, burn, or prevent the transfer of payment stablecoins issued by the permitted payment stablecoin issuer.”
Attorney Jeremy Hogan took to social media platform X (formerly Twitter) to question the bill’s practical implications. He particularly stressed the technological capabilities required for stablecoin issuers to implement the proposed rule.
“So, can Ripple or Circle actually freeze RLUSD or USDC once it’s transferred? I didn’t think that was possible for either,” Hogan posted.
In response, Schwartz confirmed that this is indeed possible.
“RLUSD can be frozen or clawed back,” he answered.
Schwartz clarified that this functionality is essential to ensure that the balances on the ledger remain aligned with the legal obligations of the issuer. Since off-ledger events, like court orders, can change or nullify those obligations, it’s important for issuers to have the ability to update the ledger as needed.
It should be noted that in January, the XRP Ledger (XRPL) activated the clawback amendment. This followed a 90% vote from its community.
This change allows token issuers to retrieve tokens from wallets that have been deposited into Automated Market Maker (AMM) pools. This, in turn, helps maintain adherence to regulatory requirements. Given that RLUSD is natively issued on both the XRP Ledger and Ethereum (ETH) blockchains, the clawback functionality applies to it as well.
The bill also stipulates federal oversight for stablecoin issuers with market values exceeding $10 billion. At present, only Tether (USDT) and USD Coin (USDC) meet this threshold.
Meanwhile, RLUSD is a relatively new stablecoin. Ripple launched it on December 17, 2024. In addition, BeInCrypto data shows that it currently has a market capitalization of 135.1 million.
Therefore, as per the act, it will remain under state regulation. However, the state should also follow a framework comparable to federal standards.
The state of security across the crypto and blockchain space has changed significantly in the past few months. Traditional smart contracts exploited or brute force attacks on blockchain networks are being superseded by crypto scams like rug pulls and pump-and-dump schemes.
BeInCrypto spoke with a spokesperson from security firm CertiK to understand how blockchain and security threats are evolving and how projects and users can safeguard against future exploits.
Social Media Hacks on the Rise
Over the past few months, the crypto community has seen a rise in social media-related hacks. This increasingly common tendency has pivoted away from the orchestration of more sophisticated blockchain attacks that have traditionally plagued headlines.
Whereas smart contract exploits or blockchain hacks require more knowledge, hackers have found an easier avenue by targeting social media accounts instead.
X (formerly Twitter) has quickly become the social media platform of choice among Web3 hackers.
Social Media is Now a Prime Target for Web3 Hackers
After US President Donald Trump launched his meme coin only two days before assuming office, hackers began to take advantage of the hype to hack high-profile X accounts and convince followers to invest in scam meme coins.
Last month, anonymous hackers took over the X account of the former Malaysian Prime Minister Mahathir Mohamad to promote MALAYSIA, a fake meme coin promoted as the country’s official cryptocurrency.
The post was removed within an hour, but the damage was done. Analysis shows that these hackers were probably related to the infamous Russian Evil Corp and that they stole $1.7 million in this rug pull.
The MALAYSIA token scam happened only two weeks after hackers exploited former Brazilian President Jair Bolsonaro’s social media account. In that instance, scammers promoted the BRAZIL token, which rose over 10,000% in minutes, netting the scammers over $1.3 million.
These scams have also affected technological companies.
Attacks on Tech Companies
In December, AI research and development company Anthropic also saw its X account hacked. A fraudulent post claimed that a fake token called CLAUDE would incentivize AI and crypto projects and included a wallet address for investors.
Attackers managed to collect around $100,000 from speculative investors.
These situations also highlight a broader issue of weak account security on social media platforms. As a result, even prominent individuals are susceptible to security breaches that directly affect the crypto community.
TRUMP Meme Coin Launch Was a Catalyst For Crypto Scams
“Now is the time to talk about the fact that large-scale political coins cross a further line: they are not just sources of fun, whose harm is at most contained to mistakes made by voluntary participants, they are vehicles for unlimited political bribery, including from foreign nation states,” Buterin claimed.
Buterin highlighted the tokens’ role in enabling scams and political corruption in crypto and blamed a regulatory loophole former SEC Chair Gary Gensler created for allowing bad actors to exploit governance tokens.
However, these crypto scams extend beyond political themes.
Growth of Social Engineering Exploits
A week after Buterin cautioned against political meme coins, a Coinbase user lost $11.5 million after falling victim to a social engineering scam on Base.
Crypto sleuth ZackXBT uncovered the exploit, pointing out that this incident is part of a growing trend, with multiple Coinbase users suffering similar losses. He also estimates that crypto scams of this nature have drained at least $150 million from Coinbase customers.
“Coinbase has a serious fraud problem. I just uncovered many more recent thefts from Coinbase users. The $150 million stolen from Coinbase users in a year is just from thefts I independently confirmed. So it’s more than likely multiples of this number,” ZachXBT stated.
In social engineering scams, attackers use phishing emails, spoofed calls, and other deceptive tactics to trick victims into revealing private keys or login credentials. Once they gain access, they drain wallets, move funds, and take control of accounts.
For CertiK, these situations stipulate the need for stronger security measures.
Addressing these security challenges is crucial as new crypto projects increase exponentially.
Prioritizing Proactive Security in a Rapidly Growing Industry
The Web3 sector is experiencing consistent growth, marked by a surge in new crypto project launches. This innovative momentum is expected to continue, but it’s also fueling security concerns.
Notably, the increasing rate of scams and hacks in the first three months of 2025 makes it clear that security efforts are struggling to keep up with innovation.
A study by Precedence Research estimates the Web 3.0 market will expand from USD 4.62 billion in 2025 to approximately USD 99.75 billion by 2034, with a projected compound annual growth rate (CAGR) of 41.18% during that period.
Predicted market size of Web3 in the next ten years. Source: Precedence Research.
Yet, CertiK believes that project developers are pushing security considerations toward the end of the priority list.
As the Web3 ecosystem evolves, a proactive and adaptive security approach is critical. Prioritizing both blockchain integrity and social media vigilance will be essential for safeguarding the growing Web3 ecosystem.
The battle against these exploits requires a future where security is not an afterthought but a foundational pillar of every Web3 project and user interaction.
In a rapidly evolving world, few innovations have captured the imagination and transformative potential of people like blockchain. For Alessio Vinassa, CEO of BlockTechGroup, this technology is more than just a breakthrough in digital transactions—it represents an opportunity to foster shared success, bridge gaps, and create a more inclusive future. His vision is simple but profound: blockchain should be accessible to everyone, regardless of their background or expertise.
The Power of Shared Success in Blockchain
Alessio Vinassa has long advocated for an approach he calls “shared success.” In an industry often focused on individual gains, he believes the true strength of blockchain lies in its ability to bring people together. “Blockchain is more than a financial tool—it’s a connector,” he asserts. “When we embrace collaboration, we multiply the potential for innovation.”
This philosophy extends beyond words. At BlockTechGroup, the principle of shared success is embedded in the company’s foundation. Working with over 35 projects, Alessio and his team foster an environment where knowledge-sharing and collaboration thrive. By encouraging developers, entrepreneurs, and users to support each other, they create a culture of resilience and sustainable growth.
Breaking Down Barriers to Blockchain Adoption
One of the greatest challenges facing blockchain today is accessibility. While its potential is immense, the complexity of blockchain technology often deters new users. Alessio envisions a future where onboarding is seamless, and participation is intuitive. “Blockchain has the potential to be as transformative as the internet, but for that to happen, we need to lower the barriers to entry,” he explains.
This means building platforms that are easy to use, offering educational resources, and fostering communities that welcome newcomers. Alessio and his team are committed to simplifying blockchain interactions so that anyone—from first-time users to seasoned developers—can engage with and benefit from decentralization.
The Future of Blockchain in Everyday Life
Looking ahead, Alessio believes blockchain will become a foundational part of how people interact, transact, and share knowledge. While financial applications are at the forefront today, he sees the real impact emerging in decentralized services that empower individuals. From secure data sharing to peer-to-peer solutions, blockchain’s role in daily life is only beginning to take shape.
“The future of blockchain isn’t just about technology—it’s about people,” Alessio emphasizes. “It’s about creating systems where users have greater control, where transparency is the norm, and where communities drive progress.” He envisions a world where open-source collaboration fuels meaningful solutions to real-world challenges, making blockchain a truly democratizing force.
A Call to Action: Join the Movement
For those new to blockchain, Alessio’s advice is straightforward: start with the fundamentals. Understanding key principles like decentralization, transparency, and community-driven innovation provides a strong foundation. More importantly, he encourages individuals to find like-minded communities, ask questions, and actively participate.
“Blockchain is still evolving, and there’s a place for everyone,” he says. “Whether you’re a developer, an artist, or simply curious, you have something to contribute. The key is to learn together and grow as a community.”
Driving Innovation with Purpose
At the heart of Alessio Vinassa’s work is a commitment to making blockchain more than just a technology—it’s about impact, empowerment, and shared growth. “The real motivation comes from the people,” he reflects. “The visionaries, the builders, and those who believe in blockchain’s potential to create a better future. That’s what drives me forward.”
As blockchain continues to evolve, leaders like Alessio remind us of its core purpose: to unite, empower, and create opportunities for all. The future of decentralization isn’t just about code—it’s about people coming together to shape a more inclusive digital world.
To know more about Alessio Vinassa and his business philosophies, visit his website at alessiovinassa.io. You can also find and follow him on the following social media channels:Instagram – Facebook – X
Hyperliquid’s native cryptocurrency HYPE has tanked by another 9% slipping to $12.54, as the network faces massive $160 million in outflows following the liquidation of the massive ETH long positions on the platform. The ETH whale liquidation event triggered a $4 million loss in the platform’s HLP Vault, triggering huge seeling pressure in HYPE price.
HYPE Price Drops As Hyperliquid Records $166M AUM Outflow
Following the liquidation of the ETH long positions, HYPE price has come under severe selling pressure in the last 24 hours. The recent 8% drop comes along with a 51% surge in daily trading volumes, shooting past $207 million. This shows that there’s a growing bearish sentiment around the altcoin as of now.
Hyperliquid experienced a significant net outflow of $166 million in assets under management (AUM) on March 12, marking the platform’s second-largest single-day outflow on record. The substantial outflow is believed to have been driven primarily by withdrawals from HLP Vault depositors in response to the losses.
Whale’s $340M ETH Long Position Triggers Liquidation
A high-leverage whale trade involving 175,000 ETH, valued at approximately $340 million, has led to significant market movements. The trader initially secured a floating profit of $8 million and closed 15,000 ETH before transferring 17.09 million USDC in margin back to their address.
However, following the margin withdrawal, the remaining 160,000 ETH long position was liquidated. The large liquidation size forced Hyperliquid HLP to assume the position at $1,915. The platform is now gradually unwinding the position to mitigate market disruption and manage associated risks.
In order to avoid the massive outflows and user panic, Hyperliquid stated that this wasn’t a part of the protocol vulnerability or a hacking incident. Instead, the user withdrew margin while holding unrealized profits, lowering their margin ratio and triggering liquidation. Despite a $4 million loss in the past 24 hours, Hyperliquid’s HLP maintains a total historical profit of approximately $60 million.
Is It Right Time to Buy the HYPE Dips?
Prominent crypto analyst CryptoGod John has expressed bullish sentiments for HYPE price, highlighting the current market conditions as a potential buying opportunity.
John noted that the token has retraced significantly since its earlier listing pump, entering what he describes as a strong support zone.
“Seen some drama on the timeline about it — but think this is a good area to scoop some while most hypetards who were loud at $20+ have now become very quiet,” John remarked.
The Binance exchange Coin (BNB) is always in the limelight either due to its price performance or the controversies around the crypto platform. Despite everything, investors view it as a potential coin after Bitcoin, Ethereum, and others. Just three months ago, the BNB token set an ATH of $793.35 and has struggled to accomplish the same level ever since. Interestingly, the token has begun to recover amid investor demand, collaborations, and, more significantly.
Binance Coin Price Surge 15% Past Crash, 6% Today
Amid the broader crypto market crash, the BNB price also struggled as it hit the bottom at $511.85. However, the last 48 hours are different as the token nearly surged 15% since then and 6% today, settling at $580.88 with a market capitalization of $82.75B and trading volume of $1.84B.
Although this is nowhere near its prime and requires a 30% rally to $793.35, the investors’ confidence is building with the recent recovery. More importantly, the MGX investment is likely to fuel its rally further, per Binance Coin price predictions.
Why is the Binance Coin Price Rising in the First Place?
The biggest reason behind the BNB price recovery is MGX’s $2 billion investment in the crypto exchange. MGX, the Abu Dhabi-based AI and advanced technology investor, has made the single biggest investment in a crypto company (Binance). Additionally, it is the largest investment paid in stabelcoins, fueling investor sentiments.
This investment is a significant step for developing the blockchain and digital assets ecosystem. As a result, the demand for the BNB surged, with the 24-hour trading volume rising to $1.84B, Open Interest increasing nearly 6% to $734.93 million, and Options Open Interest rising 19.79%, reaching $11.96 million.
Overall, these Coinglass metrics reveal increased participation from institutional and retail investments, fueling BNB price growth. In addition, the increased long positions reveal investors’ confidence in the token. Also, the shorts liquidation is building the buying pressure and bullish momentum.
The broader crypto market recovery has also played a role, fueled by the Bitcoin price surge amid the US CPI data release.
What’s Next?
The Binance Coin price surge is backed by strong derivative market activity and investors’ bullish sentiments. This could fuel the price rally further in an optimistic scenario, primarily as analysts see the bullish flag formation.
However, things can take a different turn with market volatility and Hyperliquid controversy, as people alleged that Binance is trying to wipe out the decentralized perpetual exchange.
The crypto market today, March 13, 2025, shows a slight price gain after the recent data showed that US inflation is cooling. Investors are now hopeful that the Fed will adopt a dovish monetary policy, which could drive demand for risk assets. With inflation cooling, how will it affect the price of top crypto coins like Ethereum, XRP, and Dogecoin perform?
Crypto Price Up Today As US Inflation Data Cools
Bitcoin price has rebounded above $83,000 today, pushing crypto coins up after US CPI cooled to 2.8% in February. The core CPI, which excludes food and energy costs dropped to 3.1%, while the annual inflation eased to 2.8%, outperforming the expected 2.9%.
Despite this drop, inflation remains above the Fed’s target rate of 2%. Moreover, President Trump’s tariff hikes and fears of a US recession happening this year have not done much to raise investor confidence.
Economists told Reuters that despite the cooling inflation, the Fed had the uphill task of balancing this data with the risks from tariffs.
Data from the CME FedWatch Tool also shows that 97% of investors anticipate that the Fed will leave rates unchanged at between 4.25% and 4.5% at next week’s FOMC meeting.
CME FedWatch Tool
Nevertheless, other analysts remain hopeful that the Fed should trim rates. According to Anthony Pompliano, the real inflation rate is lower than 2.8% and the Fed should ease the monetary policy to stimulate spending.
As the fears of inflation ease, how will it affect the price of crypto coins? Let’s explore.
Ethereum Price Analysis
Ethereum price today remains bearish despite Bitcoin’s gains. At press time, ETH trades at $1,873 with a 1.8% drop in 24 hours. CryptoQuant CEO Ki Young Ju has noted that the price of ETH has plunged on active selling over the past 3 months, with the NetTakerVolume Chart showing massive outflows.
ETH NetTakerVolume
Such intense selling leads to seller exhaustion, which may precede a major ETH price rebound. The RSI on the Ethereum daily price chart stands at 31, indicating that the crypto coin is currently oversold. If this marked a local bottom for ETH, the price first needs to retake the $2,000 psychological level, with the next resistance zones lying at $2,150 and $2,400.
ETH/USDT: 1-day Chart
Dogecoin Price Eyes Recovery as Active Addresses Jump
Dogecoin is also showing signs of a recovery as crypto prices move up today. The largest meme coin could be on the verge of an upswing after a surge in the number of active addresses. Popular analyst Ali Charts noted that the active address count on the Dogecoin network had increased by 47% over the past month from 110,000 to 163,000.
Dogecoin Active Addresses
This increase is bullish for Dogecoin price today after DOGE bounced from support. It suggests that there is increased participation from traders, which may help drive an upward price trend as crypto coins rebound.
XRP Price Eyes Rally as Bullish Signals Align
XRP price today has made a rebound and could also be on the verge of a major price rally due to several bullish catalysts. As Coingape reported, Ripple obtained a DFSA license to operate in Dubai. Dubai is one of the biggest crypto hubs and Ripple’s entry will help boost adoption and possibly drive an XRP price rally.
At the same time, the SEC vs. Ripple lawsuit is on the verge of a settlement, which is also good for Ripple price. As crypto prices show signs of a rebound today, XRP is well-positioned for an uptrend.
Final Thoughts on Crypto Price Today
Crypto prices posted slight gains today as cooling inflation fuelled optimism about a Federal Reserve rate cut. Risk assets like Dogecoin, Ethereum, and XRP could see renewed bullish momentum that may catalyze a sustained price rally.
Pi Network has been a part of active discussion in the crypto community even before its token launch and price rallies. However, the attention escalated with the launch, as investors and traders eyed it as the potential coin due to its hype, major exchange listing, and deflationary activities. With the conjunction of hype and bullish factors, investors anticipate Pi Coin price hitting $10, especially as the Elon Musk parody account promotes the token with a significant giveaway. Is a $10 target possible? Let’s discuss this.
Pi Network Price Surge 15% With Building Bullish Momentum
Pi Coin is among the most bullish tokens due to the broader crypto market recovery past the US CPI data release. The Pi Network price has surged to a many days’ high of $1.78 earlier in the day, booming more than 15%.
As it currently stands at $1.70, following an uptrend, the target of $2.98 (ATH) seems achievable, especially with the rising trading volume and open interest data. According to CoinmarketCap, the 24-hour trading volume has surged 131.39% to $961M, showing building investor confidence amidst the Pi Day uptrend.
Why is the Pi Network Price Surging Today?
The Pi Day or the KYC deadline and Mainnet Migration is set for March 14, 2025, which has created a sense of urgency among investors, resulting in high network activity. This is because investors with unverified KYC would lose all their holdings. In addition, there is intense speculation that the popular cryptocurrency exchange, Binance, will list the Pi Network coin, fueling its price.
Last but not least, there is strong market participation due to its performance and growing utility. It has an active user base of 65M and over 100 decentralized apps, breaking key resistance levels. With that, analysts predict potential rallies to $5 and $10 higher in the coming weeks. Interestingly, the crypto influencer promotions and support are also fueling this rally.
Can Pi Coin Price Reach $10 Amid Parody Elon Musk Account’s Giveaway?
The famous parody Elon Musk account also supports the Pi Coin and did not step back from benefitting from this token’s hype. In the recent X post, the account holder has announced to send $500 in PI to 20 people who will like the post and follow the account, building engagement among the community.
A screenshot of the portfolio shows that the person holds 2134877 PI, equivalent to $3.6M. More importantly, it displayed that the person has nearly 100% returns on the Pi Coin token, boosting investor confidence higher.
However, as the token has not had a rally close to $10, various bullish factors must be supported for this to happen. If Pi Network price continues to break resistance and maintain a high trading volume, it can get to new highs.
In addition, the exchange listing and increased adoption could introduce additional bullishness. However, the token unlocks and allegations of scams could introduce selling pressure.
Technical Analysis: Is a $10 Rally Really Possible?
Various crypto analysts have presented Pi Network price predictions and strong trust in the token for a bullish uptrend. One with the Twitter handle Crypto King claims that the Pi Coin could break its ATHs if it follows a certain price structure. On a long-term goal, the individual claims the token can achieve $10. However, the team must have actual utility as, without that, it could fall to a low of $1.
I can be wrong, and I don’t own any $PI, but looking at the price movements, if $PI pulls this chart, it’s breaking ATH. Honestly, it would takes years to do that only if Pi Core Team is legit adding some utility. If not, $PI will head straight to sub 1$.
Another analyst, Coinvo, has a similar take based on the Fibonacci retracement zone. According to him, PI is at the key zone, which often signals a strong bounce. With that, he predicted a parabolic move upward, but this target is also for the long term and fueled by the exchange listings, utility, and other bullish factors.
It looks like $PI is ready to go parabolic from this Fibonacci zone!
As a result, the Pi Network price rising to $10 in the short term is highly unlikely, even with a parody Elon Musk endorsement. However, a catalyst like a Crypto Reserve formation or bull rally can make this happen in the most optimistic scenario.
