Game-Changer for XRP: A Token Reduction Event🔥

-
Image
Game-Changer for XRP:                          A Token Reduction Event🔥 The world of cryptocurrency is known for its volatility and unpredictability. However, recent developments suggest that XRP, one of the major players in the crypto space, might be on the cusp of a significant turning point. A token reduction event, also known as a token burn, is being seriously discussed, and its potential impact on XRP's price momentum could be substantial. What is a Token Burn, and Why Does It Matter? In simple terms, a token burn involves permanently removing a set number of coins from circulation, thereby reducing the total available supply. According to basic market principles, when something becomes more scarce, it naturally gains value over time. This concept is not new to the crypto world, and several cryptocurrencies have implemented token burns to great effect. Current XRP Supply Landscape The total supply of XRP...
Post a Comment

AI Thinks Pi Network (PI) Could Hit $25, But Community Eyes $5 Target

-
PI coin has crashed almost 16% in the past week, unable to reclaim the 20-day EMA.
PI faces resistance at $0.7230, $0.8494, and $1.2310 price levels. 
Pi recently debuted the mainnet and the migration is unfolding in three phases. 
Pi Network (PI), a project often sparking debate with its mobile-mining approach, finds itself navigating sharp volatility following the release of its anticipated Mainnet Migration Roadmap. While the update triggered an initial 4% price bump, the PI token quickly surrendered those gains.
As of Monday, PI is trading at $0.6386, down nearly 16% over the past week. This decline places it under pressure, with the 20-day EMA acting as resistance at $0.6909. 
Recent price action shows PI flattening out, hovering near the $0.6366 mark, according to TradingView charts. This sideways movement coincides with noticeable drops in both trading volume and accumulation metrics – the Accumulation/Distribution line recently fell to -466.7M.
This points to waning short-term enthusiasm and possible redistribution, indicating a consolidation phase post-hype.
Source: TradingView
Looking at price ceilings, Fibonacci levels drawn from the p…
The post AI Thinks Pi Network (PI) Could Hit $25, But Community Eyes $5 Target appeared first on Coin Edition.

Comments

Post a Comment

Popular posts from this blog

Best Cryptocurrencies for Trading Now

-
Image
While I cannot provide specific financial advice or predict which cryptocurrencies will yield the best trading results, I can share information about some of the top cryptocurrencies by market capitalization and those that have shown significant price changes recently. This information can help you conduct your own research and make informed decisions. Top Cryptocurrencies by Market Capitalization (as of April 24, 2025): These are generally the most established and actively traded cryptocurrencies. However, higher market capitalization doesn't always translate to the highest percentage gains in short-term trading.  * Bitcoin (BTC): The original cryptocurrency, often seen as a store of value.  * Ethereum (ETH): A platform for decentralized applications and smart contracts.  * XRP (XRP): Focuses on facilitating global payments.  * BNB (BNB) : The native token of the Binance exchange, used for various utilities within the Binance ecosystem.  * Solan...
Read more

Polygon ($POL) Performance in crypto Market

-
Image
The performance of Polygon Ecosystem Token (POL) is showing a mixed picture across different timeframes. Here's a breakdown: Current Price:  * Around $0.238 - $0.24 USD (fluctuating slightly across different exchanges). Recent Performance:  * Last 24 Hours: Generally a slight decrease of around 0.15% to 1.36%, though some sources show a small increase.  * Last Week: A decrease of approximately 3.8% to 4.55%.  * Last Month: A significant increase ranging from 16.7% to 20.62%.  * Last Year: A substantial decrease of around 37% to 67%. Key Metrics:  * Market Cap: Approximately $2.46B - $2.52B.  * 24-Hour Trading Volume: Ranges from $57.15M to $108.49M.  * Circulating Supply: Around 10.4B POL. Developments in the Polygon Ecosystem: The Polygon ecosystem continues to evolve with several notable developments:  * POL Token Migration: The ongoing migration from MATIC to POL aims to enhance the ecosystem's security, scalability, and govern...
Read more

The Pi Network Hype: Separating Fact from Fiction

-
Image
The Pi Network Hype: Separating Fact from Fiction Problem : The Pi Network has been generating a lot of buzz in the cryptocurrency space, with many people claiming it's the next big thing. But is all the hype justified? With so many cryptocurrency projects out there, it's hard to separate the legitimate ones from the scams. Agitation : The Pi Network has been marketed as a revolutionary cryptocurrency that allows users to mine coins on their mobile phones. But with so many people jumping on the bandwagon, it's hard to know what's real and what's just hype. Are you tired of feeling left behind in the cryptocurrency space? Are you worried that you'll miss out on the next big opportunity? Solution : Let's take a closer look at the Pi Network and separate fact from fiction. Here's what we know: What is the Pi Network? The Pi Network is a cryptocurrency project that allows users to mine coins on their mobile phones. The project was founded in 2019...
Read more