Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support.
The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your Business) approval for 1:1 Pi swaps, has particularly hindered its accessibility.
BitMart Resumes Pi Coin Trading
Pi Coin resumes trading on BitMart. Crypto expert Dr. Altcoin shared that this move could help the Pi Coin price recover and potentially reach the $1 mark. Additionally, an official KYB approval for BitMart might be on the horizon, which could further bolster investor confidence in Pi’s future.
Banxa, a major fiat on-ramp provider, recently suspended Pi Coin transactions, citing pending KYB approval. This move has reduced liquidity and created additional hurdles for users looking to buy Pi Coin with fiat.
Dr. Altcoin noted that despite this setback, Banxa had previously purchased millions of Pi at a low price and could return stronger once the approval is granted. This potential rebound could also coincide with a price surge, raising optimism among Pi investors.
Pi Network Exchange Listing
While Pi Network has garnered attention, its absence from major exchanges such as Binance, Coinbase, and Kraken has significantly limited its exposure and demand.
The listing speculations are growing, with the Pi logo recently appearing in a post on HTX’s platform, fueling rumors of a potential listing.
These moves, though promising, aren’t enough to fully lift the project’s visibility and trading volume on the global stage.
Pi Coin price has continued to fall due to the absence of any positive catalyst despite the broader crypto market resting in the green. The Pi Network community has blamed the delay in Binance listing as one of the prime reasons behind the continuing downturn momentum in the asset. However, some argue this delay could actually be a strategic win for Pi’s long-term growth.
Pi Network’s Binance Listing Delay: A Positive Sign?
While most crypto tokens rush to secure exchange listings, Pi Network seems to be playing a longer game. A recent post by Pi-focused X account PiNewsLast24Hrs argued that not listing the asset on Binance just yet might be a smart move.
According to the post, many newly listed tokens experience price dumps and volatility shortly after listing. This pattern often harms long-term holders and attracts short-term traders. By delaying its Binance debut, Pi Coin is keeping the focus on real-world utility rather than price speculation.
The ecosystem is currently centered around merchant adoption and use cases, instead of just attracting traders looking to flip the token. This helps Pi Network avoid becoming another pump-and-dump target.
In addition, the delay gives the team tighter control over tokenomics. Without a major exchange listing, Pi can manage its circulating supply more efficiently. This prevents early whales from accumulating large volumes and manipulating the market later.
Meanwhile, the post also mentioned that Pi Network is working to build a closed ecosystem where users can actually spend the token. From in-app purchases to future decentralized apps and payment use cases, the goal is to create actual demand. This foundation could lead to stronger price action once Pi lists on major platforms.
Long-Term Goal Vs Short-Term Gains
Another key reason for the delay is to create a committed and patient community. Without instant liquidity on Binance, users are encouraged to stay involved with the project. This helps build a strong, mission-driven user base focused on utility, not hype.
Simultaneously, regulatory readiness is a concern. Taking the time to align with legal frameworks in different countries positions Pi Network for smoother future listings. It also adds credibility, especially among institutional investors and global users.
However, Pi Coin price today continued to slip and was down more than 3% to $0.58. Notably, the token has hovered between the $0.6087 and $0.56 range over the last 24 hours. However, a recent report highlighted when the Pi price may continue to move towards the north.
Despite the bullish speculations, investors should exercise due diligence while putting their bets into the asset. Besides, a recent Pi price prediction also showed that currently the bears are dominating and the value may fall to as low as $0.54 through next month.
KuCoin, a prominent exchange, is now live in Thailand, capitalizing on the country’s thriving crypto ecosystem. The platform announced the official launch of KuCoin Thailand, marking a significant milestone in its Southeast Asian expansion.
Significantly, KuCoin Thailand is built on the foundation of ERX Company Limited, the country’s first SEC-supervised digital token exchange, now operating under the new brand. In this article, we’ll explore the key details of KuCoin’s new journey and its further visions.
KuCoin Expands in Thailand: Key Details
According to KuCoin’s official blog post, the exchange has set foot in Thailand, building on ERX Company Limited’s heritage as the country’s first SEC-supervised digital token exchange. ERX has reportedly rebranded as KuCoin Thailand and will offer digital tokens and cryptocurrency products starting April 22.
“We are pleased to announce that with the support of KuCoin, the local Thai digital token and cryptocurrency exchange, KuCoin Thailand, which remains operated by ERX Company Limited, has officially launched,” stated the exchange.
This development follows the exchange facing increased scrutiny in South Korea. The South Korean regulator has blocked access to 17 unregistered crypto exchanges, including KuCoin.
ERX Explains Partnership Goals: A New Era for Crypto in Thailand
Notably, ERX’s ultimate aim is to build a trusted and leading crypto platform in Thailand, supporting the nation’s goal of creating a thriving digital asset ecosystem. With its strategic deal with KuCoin, a top crypto exchange, ERX intends to achieve its global vision. Commenting on the significant milestone, Henry Chen, board director at ERX, noted,
Our goal is to build a leading digital asset platform in Thailand with a global vision. We are committed to being a foundation of Thailand’s digital economy and contributing to the country’s strategic ambition of becoming a global digital hub powered by advanced blockchain technology.
Meanwhile, ERX chief executive Att Tongyai Asavanund shared insights on their mission. He posited,
With a global infrastructure and resources backing us, we’re strengthening our ability to offer localised solutions tailored to the Thai market. KuCoin Thailand reflects our continued mission empowered by advanced technology and a broader global vision.
Thailand’s Favorable Conditions Attract KuCoin
Thailand is one of the top crypto-friendly countries, which makes it an attractive location for the company’s expansion. In January 2025, the nation announced its decision to accept Bitcoin payments from tourists, which has yet to be implemented.
Currently, Thailand boasts eight licensed crypto exchanges. It includes WAAN Exchange, Gulf Binance, Thai Digital Assets Exchange, InnovestX Securities, GMO-Z.com Cryptonomics, Upbit Exchange, Bitkub Online, and Orbix Trade.
Moreover, the Thai government aims to create a clear and robust regulatory framework for crypto, ensuring investor protection and industry growth. Recently, the Thai SEC launched a lawsuit against OKX for allegedly functioning without proper registration.
XRP is at a turning point, and analysts are split on its next move. Some warn it could drop to $1 if it loses key support at $2, while others believe it could rally to $30 by May 2025, especially with its recent inclusion in strategic reserves.
In parallel, StratoVM ($SVM) had a 347% increase, and as Bitcoin’s DeFi sector grows, StratoVM could help bring smart contracts, AI, and faster transactions to the network.
Here’s a closer look at what’s going on with both projects.
Will XRP Rebound to $30 After a Drop to $1?
XRP’s price could be in for a dramatic swing. Market expert Ali Martinez warns that if XRP falls below the critical $2 support level, it could tumble by 40%, which would drag its value down to $1. Others share this concern and emphasize that holding above $2 is crucial to prevent a deeper sell-off.
Despite the bearish outlook in the short term, some experts are optimistic. EGRAG CRYPTO believes the token could surge to $30 by May 2025 and cites historical trends and technical patterns. He compares the current market setup to 2017, when XRP consolidated before skyrocketing in price.
One of the key reasons behind this bullish prediction is XRP’s recent inclusion in strategic reserves.
Investors now face a crucial period of uncertainty. If XRP loses its key support, it could drop significantly. But if history repeats itself, a major rebound could happen.
As of today, XRP is trading at around $2.48, up 4.5% in the last 24 hours. Trading volume has been strong, reaching approximately $9.84 billion over the same period.
StratoVM ($SVM): The Breakthrough Layer-2 That Could Transform Bitcoin Beyond Just Digital Gold
Bitcoin is the go-to asset for storing value, often compared to digital gold. But when it comes to smart contracts, DeFi, and AI applications, it lags behind faster blockchains like Ethereum and Solana.
That’s where StratoVM ($SVM) could come in—a Layer-2 solution designed to potentially tap into Bitcoin’s potential beyond just being a store of value.
Unlike Ethereum, which powers countless decentralized apps and financial tools, Bitcoin’s functionality has been limited. StratoVM might be able to change that by making Bitcoin transactions faster, integrating DeFi, and enabling AI-powered applications.
SVM’s price has grown over 347% in the last week, hitting $0.2217, according to CoinGecko. Yet, despite this massive jump, its market cap is still at $3.7 million—small compared to projects like CoreDAO ($990 million). This means there’s still a lot of room for growth if more people start using it.
SVM 7-day chart, Source: CoinGecko
Meanwhile, Bitcoin’s DeFi sector (BTCFi) is exploding. In just a year, the total value locked (TVL) in Bitcoin-based DeFi projects has skyrocketed from $307 million to $5.85 billion, according to DefiLlama. With that kind of momentum, demand for Layer-2 solutions like StratoVM could soar.
StratoVM is already gaining traction—it’s listed on Uniswap, and rumors are circling about a centralized exchange (CEX) listing. The project’s testnet is active, with 113,000 wallets and 56,000 daily transactions.
If StratoVM achieves its goal, Bitcoin could break past its traditional role and step into DeFi, smart contracts, and AI.
Final Thoughts
XRP’s next move is uncertain—some expect a drop to $1, while others see a rally to $30. Either way, it’s a crucial time for investors.
Meanwhile, StratoVM ($SVM) seems to be gaining momentum and showing that Bitcoin can do more than just store value. If it keeps growing, it could help Bitcoin compete in DeFi, smart contracts, and AI.
Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.
The post XRP News Today: Expert Says XRP Could Drop To 1$ Amid Market Dump And Then Rally to 30$ Ahead of Strategic Reserve appeared first on Coinpedia Fintech News
XRP is at a turning point, and analysts are split on its next move. Some warn it could drop to $1 if it loses key support at $2, while others believe it could rally to $30 by May 2025, especially with its recent inclusion in strategic reserves. In parallel, StratoVM ($SVM) had a 347% increase, …
