Pi Network’s native cryptocurrency Pi Coin has seen massive value erosion crashing another 20% today and slipping under $1.0. The initial euphoria around the mainnet launch seems to be fading fast as the PI cryptocurrency extends its weekly losses to more than 43%. As a result, the altcoin has dropped out of the top 20 crypto list, from the 11th spot last week.
Pi Network Euphoria Is Fading Quickly
The euphoria surrounding Pi Coin seems to be fading quickly amid the consistent delays in Binance listing plans, which has been a major hit on the market sentiment.
Another major common grievance among Pi Coin investors is the lack of a clear roadmap for the Open Mainnet launch. While other crypto projects have offered transparent timelines, Pi Network’s future plans are ambiguous. This has led to growing discussions about whether Pi is a scam. Clarifying it, Dr Altcoin, who’s been closely associated with the project said:
Clearly, there is a lack of communication and transparency from the Pi Core Team, which can lead some to misconstrue the Pi Network as a scam. However, I have been involved with the project for many years and have not found sufficient evidence to label it as such.
The analyst further stated that the Pi Core team needs to step up efforts in terms of effectively communicating with the Pi community and not leave gaps in the process.
Where Is Pi Coin Price Heading Next?
The Pi Coin price has been on a vertical fall over the past week, breaking under crucial support levels of $1.4, $1.2, and $1.0. This major correction comes ahead of the Pi token unlocking event this week.
While token unlock has been a major concern for investors, a large number of Pioneers from the Pi Network community have also been locking their PI holdings off lately.
For now, the next support for Pi Coin price stands at $0.82. Crypto market analyst Kripto Bilgi stated that the sentiment around this altcoin is very weak while predicting a fall to $0.30. Besides, a Pi price prediction also hints at a bearish phase ahead for the asset.
Source: Kripto Bilgi
Currently Developments in the Ecosystem
The recent auctioning of the .pi domains and the introduction of the domains tab in the Pi Browser has been a significant step for the Pi Network. This development aligns with its vision for a decentralized, Web3-focused ecosystem.
These .pi domains can function as digital addresses for Pi-powered websites, services, or applications, accessible through the Pi Browser or other Web3-compatible platforms.
Bitcoin price is rising today even after China vowed to retaliate against Donald Trump’s trade war. It rose 8% and moved back above the crucial resistance at $90,000. BTC price will continue to react to the latest trade news and the upcoming US nonfarm payrolls (NFP) data.
Bitcoin Price Rises After China Vows to Retaliate on US Tariffs
BTC and other risky assets jumped on Wednesday, even after China vowed to retaliate against Donald Trump’s tariffs. The retaliation came after Trump boosted his China tariffs from 10% to 20%, a move that will affect trade volume worth billions of dollars.
China has already announced some retaliatory measures. It will levy up to 15% on some US goods on top of the other tariffs it announced last month. Some of these tariffs target sensitive areas of the American economy like agriculture. Also, the government added more American companies to its unreliable entity list and vowed to appeal at the World Trade Organization.
Therefore, Bitcoin price and stocks jumped because the Trump administration appeared to soften its stand on tariffs. Howard Lutnick, the Commerce Secretary, said that the US will be willing to negotiate with the affected countries. Traders also believe that Trump simply wants concessions from its top trading partners.
US Nonfarm Payroll Data Ahead
Bitcoin price is also rising ahead of the upcoming US nonfarm payrolls (NFP) data on Friday. Analysts anticipate that the labor market softened in February because of Elon Musk’s DOGE job cuts.An ADP report showed that the private payrolls crashed to 77k in February from 186k a month earlier.
Weak jobs numbers would be bullish for BTC price because they would boost the odds of Federal Reserve interest rate cuts. Indeed, US bond yields have crashed, raising odds of more rate cuts.
Bears seem to have won the Bitcoin price battle for now as it crashed from $109,200 to $90,000 today. The bulls vs bears power has crashed below zero for two consecutive weeks. While this is often a negative thing, historical data shows that Bitcoin often rebounds when the indicator turns red. For example, it crashed in August last year, leading to a strong rally. It also remained below zero in 2021 and then surged.
Bitcoin is also forming a hammer candlestick pattern that often leads to a breakout. If this happens, it will be the second consecutive hammer that may lead to a strong bullish breakout.
On top of this, Bitcoin is yet to hit the $122,000 target of the cup and handle pattern. This target was established by measuring the cup’s depth and then measuring the same distance from the upper side.
Bitcoin Price Chart
Therefore, a contrarian case can be made even as the crypto fear and greedindex remained in the red. More robust gains will be confirmed if the coin rises above the key resistance at $108,426.
A drop below the support at $73,620 will invalidate the BTC price forecastand point to a crash to $50,000.
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape.
I. Tokenomics: Strategic Scarcity by Design
MBG’s tokenomics structure appears more aggressive in its deflationary approach than most established CEX tokens:
Buyback & Burn Mechanism: Up to 50% of the token supply is designated for buyback and burn, directly tied to trading volume across the MultiBank ecosystem. This significantly outpaces BNB’s burn rate (which aims to eventually burn 50% of initial supply to reach 100M tokens) and exceeds MEXC’s 40% profit allocation for burns.
Volume-Based Burns: By linking burns directly to trading activity rather than just quarterly profits, MBG creates a more immediate and transparent relationship between platform success and token value.
This aggressive deflationary model could accelerate scarcity, potentially driving price appreciation more rapidly than competitors if trading volume meets expectations.
II. Utility: Multi-Dimensional Value Creation
MBG integrates multiple utility functions that have proven successful across other CEX tokens:
Trading Fee Discounts: Similar to BNB and OKB, incentivizing platform usage
Staking Rewards: Creating passive income opportunities for holders
Exclusive IEO Access: Following the successful model of Binance Launchpad and MEXC Kickstarter
Social Trading Boosts: A unique feature that differentiates it from other CEX tokens
What’s notable is how MBG has integrated the most successful utility elements from various exchanges while adding unique features that align with modern trading behaviors like social trading.
III. Institutional Credibility: The TradFi Advantage
This is where MBG truly distinguishes itself from most CEX tokens:
Established Financial Infrastructure: Backed by MultiBank Group with $4.5 trillion traded in 2024
17 Regulatory Licenses: Spanning five continents, demonstrating global compliance
Two Decades of Financial Operations: Unlike many crypto projects with limited operational history
Multiple Exchange Licenses: VARA, AUSTRAC, and FSAS regulated
While tokens like BNB have faced ongoing regulatory scrutiny and uncertainty, MBG begins with established regulatory compliance, potentially offering greater stability and institutional confidence.
IV. Market Positioning: The RWA Bridge
MBG is strategically positioned at the intersection of two powerful trends:
CEX Token Utility: Leveraging the proven business model of exchange tokens
Real World Asset (RWA) Integration: Connecting to traditional finance at a time when the market is increasingly focused on bridging TradFi and DeFi
This dual positioning is unique among CEX tokens, most of which lack the regulatory framework and TradFi connections to meaningfully participate in the RWA narrative.
V. Growth Potential: Early-Stage Opportunity
Unlike established CEX tokens with mature valuations, MBG represents an early-stage opportunity:
Market Cap Differential: Compared to BNB’s $85+ billion market cap, MBG has substantial room for growth if it captures even a fraction of that value
Expanding User Base: As MultiBank transitions its existing TradFi clients to its crypto exchange
Cross-Selling Potential: Ability to market to both crypto natives and traditional finance participants
VI. Comparative Advantage Analysis
When compared directly to leading CEX tokens, MBG offers several distinct advantages:
For investors seeking exposure to the CEX token sector, MBG offers a unique value proposition that merges institutional credibility with crypto innovation at an early stage of development. The combination of established TradFi infrastructure, aggressive tokenomics, and comprehensive utility creates a potentially powerful value proposition in the current market environment.
The post MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape appeared first on Coinpedia Fintech News
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape. I. Tokenomics: Strategic Scarcity by Design MBG’s tokenomics structure appears more aggressive …
Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital Large Cap Fund as an exchange-traded fund (ETF). This fund holds major cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. If approved, the ETF could open the door for greater institutional investment in crypto, making regulated exposure easier for big players. While regulatory approval is still pending, this move marks another step toward mainstream crypto adoption in traditional finance.
The post Grayscale Files for Crypto ETF – Will the SEC Approve? appeared first on Coinpedia Fintech News
Grayscale has officially filed an S-3 form with the U.S. SEC to register its Digital Large Cap Fund as an exchange-traded fund (ETF). This fund holds major cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano. If approved, the ETF could open the door for greater institutional investment in crypto, making regulated exposure easier for big …
