While many people are still trying to figure out the next big thing in crypto, well-known analyst Dr Altcoin has made it clear, he’s fully committed to the Pi Network. In a recent post, he shared why he is so passionate about the project, why he fully supports it, and why he remains committed to its future. And looking at the points he shared, it’s hard not to get excited too.
Mobile Mining and Global Adoption
One major reason Dr Altcoin supports Pi Network is its easy mining process. Users can mine Pi directly from their smartphones without using extra energy. Thanks to this innovation, Pi has grown to over 70 million users across more than 200 countries.
Why I Am Very Passionate About the Pi Network Project, Why I Fully Support It, and Why I Am Committed to It ?
Here are my main reasons:
1. Inclusivity, Accessibility, and Global Adoption: The ability to mine Pi on a mobile phone without consuming extra power has enabled the… pic.twitter.com/MCWPoHpADo
It has helped millions of first-time users enter the crypto world, pushing mass adoption to a new level.
A Strong and Eco-Friendly Blockchain
Dr Altcoin also praised Pi’s eco-friendly blockchain, which uses the Stellar Consensus Protocol. It can handle about 200 transactions per second while using very little energy compared to Bitcoin.
Plus, every user and business is fully verified through KYC and KYB checks, creating a safer space for transactions.
Low Energy Usage
Energy consumption is a big problem in crypto, but Pi Network shines here. Bitcoin mining uses as much electricity as an entire country. In comparison, Pi’s 200,000 active nodes use far less power, making it a greener and more sustainable option.
Fast Transactions and High Security
The Pi blockchain allows for fast transactions with very low gas fees. Plus, the Pi Wallet is protected by a 24-word passphrase, making it almost impossible to hack. Every user holds their non-custodial wallet, which adds another strong layer of security.
Growing Pi Ecosystem
With over 100 decentralized apps (DApps) already using Pi for transactions, the dream of a real, peer-to-peer digital currency is coming to life.
With Pi currently trading at a very low price, he believes it’s the perfect time for long-term investors to accumulate. Big upcoming events, like the Consensus 2025 Summit, could bring even more attention to the project.
Golden Opportunity for Investors
Currently, Pi Coin is sitting at its lowest price ever, and Dr Altcoin sees this as a golden opportunity for investors to stock up. As of now, Pi is trading around $0.645, staying firm above a rising support line that has been holding strong since early April.
If buyers step in with more energy, Pi could soon break past $0.825, and possibly even reach as high as $1.30.
US Court Blocks Treasury Sanctions on Tornado Cash
U.S. federal court has permanently blocked the Treasury’s OFAC from reimposing sanctions on Tornado Cash. The ruling defends the legality of open-source crypto tools, setting a key precedent for future regulation. Meanwhile, Tornado Cash co-founder Roman Storm still faces charges, with his next hearing set for July 2025. On the ruling day, the DeFi Education Fund urged the White House to drop the case, citing risks to U.S. crypto innovation.
April 30, 2025 06:42:37 UTC
Telegram’s $500M Bonds to Be Tokenized on TON Network by Libre
Libre plans to tokenize $500 million of Telegram’s outstanding bonds as the Telegram Bond Fund (TBF) on the TON blockchain, offering institutional-grade yields to accredited investors. Backed by firms like Brevan Howard and Nomura’s Laser Digital, the fund aims to unlock utility by making bonds usable as collateral in DeFi. This move highlights the growing trend of tokenizing real-world assets (RWAs) to bridge traditional finance with blockchain ecosystems.
April 30, 2025 06:41:55 UTC
Crypto Price Today
Bitcoin edged closer to $96,000 for the first time in over two months, rising 1% on Tuesday, while broader crypto and stock markets also gained despite tariff-induced economic concerns. Bitcoin Cash led the crypto rally with a 6.3% surge. However, Bitwise’s Jeff Park warned the market may be ignoring deeper risks tied to U.S. creditworthiness and the long-term impact of dollar weaponization, calling current optimism “mispriced.”
Alex Thorn of Galaxy Digital warns that quantum computing poses a greater risk to Bitcoin than most realize. He says solutions are more difficult than expected and affect all cryptocurrencies using public key cryptography. Thorn cautions that a quantum attack could happen without warning and would be a national security issue. The concern isn’t limited to Bitcoin—every crypto is at risk from future quantum breakthroughs.
April 30, 2025 06:13:34 UTC
Bitcoin, Ethereum and XRP Price Today
Bitcoin is stabilizing around $95,000 and could rally toward $100,000 if it breaks key resistance. Ethereum is hovering near $1,800 and may target $2,000 with a breakout above $1,861. XRP is holding support at $2.20 and could climb to $3 if the momentum continues. All three show bullish signs, backed by healthy RSI levels, but failure to hold key supports could lead to short-term pullbacks.
The post Crypto News Today 30th April : Bitcoin Price , XRP ETF News , Pi Network News , Nvidia Share Price appeared first on Coinpedia Fintech News
April 30, 2025 06:48:36 UTC US Court Blocks Treasury Sanctions on Tornado Cash U.S. federal court has permanently blocked the Treasury’s OFAC from reimposing sanctions on Tornado Cash. The ruling defends the legality of open-source crypto tools, setting a key precedent for future regulation. Meanwhile, Tornado Cash co-founder Roman Storm still faces charges, with his …
Bitcoin (BTC) enters the second week of May trading in a fragile but critical zone, with conflicting technical signals and growing macro uncertainty shaping short-term expectations. While the ADX from the Directional Movement Index is rising, bearish pressure still dominates, and momentum remains weak across multiple indicators.
Although the price continues to hold above the $92,900 support level, weakening EMAs and the looming FOMC meeting leave Bitcoin’s $100,000 recovery path uncertain, but not out of reach.
BTC Trend Strength Rises, but Bears Still in Control
Bitcoin’s Directional Movement Index (DMI) is showing a notable shift.
The ADX, which measures the strength of a trend regardless of direction, has climbed sharply to 25.93, up from 15.97 just two days ago—crossing the key 25 threshold that signals a trend is starting to gain traction.
This rising ADX suggests that volatility is returning and a new directional move may be forming, even if the direction itself is still unclear.
Looking at the components of the DMI, +DI (bullish strength) has bounced to 12.2, up slightly from yesterday’s low of 8.67 but still down significantly from 21.31 three days ago.
Meanwhile, -DI (bearish strength) is at 19.17, slightly off its peak of 25.44 but still higher than three days ago. This indicates that although the recent bearish momentum has cooled somewhat, sellers still have the upper hand.
With ADX rising and -DI leading, Bitcoin could remain under pressure unless +DI recovers sharply in the coming days.
Bitcoin Trapped Below the Cloud as Momentum Stalls
The current Ichimoku Cloud chart for Bitcoin reflects a market in consolidation, with a slight bearish undertone. Price action is sitting very close to the blue Kijun-sen (baseline), which typically represents medium-term trend momentum.
Trading beneath this line suggests that BTC lacks the strength to reclaim bullish momentum in the short term. The white candlesticks hovering near the cloud’s lower boundary indicate indecision among traders, with no clear breakout in sight.
The green Kumo (cloud) itself is relatively thin at this stage, hinting at a fragile support zone that could easily be broken if bearish pressure returns.
Looking ahead, the red Senkou Span B—the top of the projected cloud—is acting as dynamic resistance, capping any upward attempts. For a stronger bullish signal, BTC would need to close decisively above both the Kijun-sen and the entire cloud.
Complicating matters further, the Tenkan-sen (conversion line) is flat and overlapping with the Kijun-sen, signaling weak momentum and a lack of direction. Flat Tenkan and Kijun lines often precede sideways movement or delayed trend development.
Until Bitcoin breaks convincingly above the cloud with rising volume, the current setup leans neutral to bearish, with price trapped in a zone of low conviction and limited momentum.
Bitcoin Holds Key Support as $100,000 Reclaim Hangs in the Balance
Bitcoin price has remained resilient above the $90,000 level since April 22, repeatedly holding support near $92,945 despite broader market uncertainty. The exponential moving averages (EMAs) still reflect a bullish structure, with short-term averages positioned above long-term ones.
However, there are early signs of weakening momentum, as the short-term EMAs have begun to slope downward—an indication that buyers may be losing strength soon.
If BTC fails to hold its key support, a drop toward $88,839 could follow, breaking the structure that has held for over two weeks.
Still, some analysts remain confident. Nick Purin, founder of The Coin Bureau, believes Bitcoin is well-positioned to reclaim the $100,000 mark, even as markets brace for volatility surrounding the upcoming FOMC meeting:
“It will be a volatile week. Firstly, we have the FOMC meeting tomorrow. While it’s pretty clear there will be no rate cuts, it’s what Chair Powell says that could move the markets. On top of that, trading volume is low and the long/short ratio is sitting at 50/50, which means that, yet again, BTC can swing in either direction from here. The good news is that there’s a great deal of buying interest around the $90,000-$93,000 range, so a dip to those levels is nothing to be concerned about – it will likely bounce back. And overall, the BTC/USD chart is looking strong as it continues to print higher lows.” – Purin told BeInCrypto.
Nick states how Fed next decisions could influence the market in the next months:
“If the Fed surprises with some dovish tones as well as guidance for rate cuts in June, there’s room for Bitcoin to rally all the way back up to that $100,000 level, which remains a liquidity magnet. But even if Powell strikes a hawkish tone, the impact on BTC will likely be minimal. There’s simply too much positive momentum – spot BTC ETFs are hoovering up assets, corporates are building up BTC treasuries and the correlation between Bitcoin and stocks is breaking down. On top of this, historic data shows that BTC has posted gains during nine out of the last 12 Mays. So, despite the likelihood of heightened volatility, the near future is looking promising. As such, following the old adage of ‘sell in May’ would be madness at this point.” – Purin told BeInCrypto.
A recovery in momentum could first drive BTC to retest resistance at $95,657, with a breakout potentially leading to $98,002 and eventually a challenge of the psychological $100,000 level.
With macro headwinds and technical crossroads converging this week, the next move will likely hinge on how BTC responds to its support zone and how broader market sentiment reacts to Fed commentary.
According to data from PiScan, the Pi Network’s core team currently holds the majority of the total Pi Coin (PI) supply.
While such concentration may be necessary during the early stages of a network’s development, it also raises significant concerns about the project’s future decentralization.
Pi Coin Supply Concentration: Core Team’s Control Sparks Worries
The latest data reveals that the Pi Network’s core team controls approximately 62.8 billion Pi Coins across six wallets. Additionally, around 20 billion PI sits in roughly 10,000 unlisted wallets that belong to the team.
This brings the total supply held by these entities to about 82.8 billion PI. It represents a major chunk of the total maximum supply of 100 billion.
Further complicating the centralization issues, Pi Network is currently operating with only 43 nodes and three validators globally. In stark contrast, more established Layer 1 networks, such as Bitcoin (BTC), operate with over 21,000 nodes.Moreover, Ethereum (ETH) has over 6,600, and Solana (SOL) has around 4,800 nodes.
The limited number of nodes and validators means that control of the network is concentrated in the hands of a few entities. Therefore, this makes the network much more centralized than its more established counterparts.
“Analyzing Pi Network’s source code and on-chain data is currently challenging due to its incomplete openness,” PiScan posted on X.
Meanwhile, Pi Network has also raised doubts regarding privacy and third-party involvement. In the 2025 privacy policy update, Pi Network revealed that it uses ChatGPT for its Know Your Customer (KYC) process. This feature was not mentioned in the previous version of the policy.
“We use ChatGPT, as a trusted AI partner, to automate identity verification and enhance security measures. By using our KYC services, users consent to the use of ChatGPT, and other AI providers that may be later implemented, as part of our KYC process,” the document states.
The introduction of artificial intelligence (AI) into the KYC process brings a new layer of complexity to how user data is shared and processed.
This dissatisfaction has resulted in a sharp decline in Pi Network’s popularity. According to Google Trends, the search interest for “Pi Network” has dropped significantly since the mainnet launch on February 20.
On launch day, the search interest was at 100, indicating a peak of public attention and excitement surrounding the event. However, this figure has plummeted to just 12 at the time of this report, reflecting a steep decline in interest.
