Haider_Ebrahem

The PI network will not be ready for mass adoption until 2030, says a crypto analyst.
In a recent post on X, prominent crypto analyst Dr. Altcoin shared his long-term outlook on the future of the PI network, indicating that it may take at least five more years before PI becomes usable as a global peer-to-peer currency. While he acknowledged the potential of the PI network, the expert emphasized that it still lacks the critical infrastructure necessary to establish sustainable economic value. The PI network still lacks real-world use cases. Dr. Altcoin pointed out that the PI network must create real-world use cases and partner with actual businesses and services where users can spend PI tokens. Without utility, the price of PI will not gain lasting value. The PI currency is not listed on major exchanges like Binance, which limits its external liquidity. Most use cases remain confined to community-run markets within the network's internal ecosystem. Furthermore, the complete lack of smart contract support and concerns about central control and limited transparency are major obstacles to the evolution of PI. The volatility of PI prices is a significant concern. Dr. Altcoin stressed that PI is not yet stable like major fiat currencies such as the US dollar. For widespread adoption in everyday transactions, price stability is essential. On February 20, 2025, the MANENET opened and saw PI close at $0.8662. Within six days, the price surged by 2,902%, but dropped by 81.47% by April 4. Since March 13, PI has predominantly traded between $1.7930 and $0.4027. On May 12, the currency attempted a breakout, but selling pressure led to a decline by May 14. As of yesterday, PI touched a low of $0.4019 but has since retraced, rising 5.4% to $0.5822 in the last 24 hours. 95% of PI network users hold less than 1,001 PI. Another key point raised by Dr. Altcoin is the concentration of small holders: about 95% of PI users hold less than 1,001 PI tokens. He noted that for PI to have meaningful utility, the price must rise so that these small balances can hold real value. But this is difficult, especially considering: the price of PI has declined 33.2% in the last 30 days. It is down 7.3% in the past week. The current price is nearly 80% lower than its all-time high. In summary: The journey of the PI network needs time and trust. Dr. Altcoin concluded that widespread adoption of the PI network will take some time. He believes it will require: price stability, building trust, and real-world utility. However, the PI network already has a strong foundation with over 60 million users (pioneers) globally. It is a free mobile mining model with a low barrier to entry and support from a team of Stanford PhDs giving it an edge. If the core team can address the current gaps, the PI network could emerge as a robust decentralized ecosystem in the coming years.

Bitcoin price rises above $108,000 on increasing institutional demand: Is it a cat bounce?

The price of Bitcoin (BTC) rose more than 3 percent on Monday, June 16, trading at around $108,551 during the mid-North America session. The leading currency broke out from a consolidation that formed over the weekend after a potential capitulation disruption following Middle East tensions. As a result of today’s rebound, optimism for further market rallies increased among traders' greed. Furthermore, Bitcoin and the broader cryptocurrency market are well-positioned to benefit from the rising global supply amidst expected quantitative easing (QE) in the United States. Key forces behind Bitcoin's recovery recorded a bullish sentiment for Bitcoin on Monday after Gold Price recorded the highest daily close on Sunday. The leading currency continued to benefit from macroeconomic winds amid ongoing geopolitical tensions in the Middle East and between Russia and Ukraine. The demand for Bitcoin from institutional investors remains high, as evidenced by its gradual decline in total supply on cryptocurrency exchanges. As reported by Coinpedia, Strategy and Metaplanet continued to lead other companies in accumulating more BTCs for each of their treasuries. According to market data analysis by Coinshares, Bitcoin led all other digital investment products in net cash inflow last week, amounting to approximately $1.3 billion. Meanwhile, Bitcoin's volatility will continue in the coming days as the Federal Reserve prepares to release the FOMC statement and the benchmark interest rate. BTC price analysis and short-term outlook in the daily timeframe, the price of BTC has been consolidated in a symmetrical triangle pattern since it reached its all-time high of around $112,000 in mid-May. The short-term bullish outlook for Bitcoin is clear, especially after a steady rebound above $107,000 over the past 24 hours. The bullish sentiment is also reinforced by the hourly MACD line, which has already crossed the zero line. Additionally, the hourly Relative Strength Index (RSI) has already risen above the 70 percent level, indicating that bulls are in control of the market. However, if BTC prices are reclaimed and consistently close below the support range between $101,000 and $104,000, renewed bearish sentiment will be confirmed.

Bitcoin recovers to $108,000 amid bullish consolidation as war tensions show signs of easing
Bitcoin (BTC) regained the $108,000 threshold on June 16 as tensions from the war in the Middle East eased after Iran indicated it was open to negotiations with the United States and Israel. Bitcoin's rise marked the recovery of the price level delivered on June 12 while markets processed the initial flare-up in Israeli-Iranian hostilities. A "bitfinex alpha" report published on June 16 described the formation as a "healthy consolidation phase within an ongoing bullish trend," noting that last week's retracement remained only 9% from peak to trough. This is well within the 7% drawdown for the cycle. Traders briefly led the Fear & Greed Index into the "fear" segment on June 13. However, the routine volatility matched at 41% of trading sessions during the current cycle, according to the report. As of press time, Bitcoin was trading at $108,621.47, up 3.32% over the past 24 hours. Bullish consolidation has continued since mid-May, oscillating between around $102,000 and the all-time high near $109,590. During the trading window from June 9 to June 12, Bitcoin initially surged 4.7% to retest the record near $112,000, then reversed after news of an Israeli strike on Iran caused widespread sell-offs in oil, stocks, and crypto. Market participants were not obliged to capitalize on volume, pushing net volume to $197 million, the most negative reading since June 6. The report framed such parties as a historical sign of local downturns, indicating that forced sellers had largely exited while larger wallets accumulated. Order flow data indicates limited downside. The average net volume over seven hours has remained negative since June 12, highlighting short-term selling pressure even as spot prices recovered. The report noted that support ranges from $102,000 to $103,000, adding that sustained trading above this level could indicate that bids continue to absorb the supply cleared by momentum accounts. On the upside, failure to decisively close above $109,590 would maintain wandering Bitcoin strategies and frustration derived from immediate extensions. Macro drivers continue to inject volatility. Brent crude advanced with Middle East risks, and U.S. Treasury yields rose, factors that usually tighten financial conditions and siphon liquidity from risk assets like crypto. However, the report noted that Bitcoin's relative drawdown against historical benchmarks, along with the swift return of buyers once panic recedes, indicates resilient underlying demand. Market context favors accumulation. Current positioning contradicts the double top that preceded the 2021 slice. Currently, fear surfaces quickly, indicating cleaner balance sheets and less leverage. The report argued that this sentiment profile could shorten the duration of the correction, provided that external shocks do not intensify. Given the narrative half still present in the realm of money and exchange-traded funds, providing an additional buyer channel, traders will watch to see if the spot closes above the consolidation ceiling or retests the lower bounds near $103,000. Until either event occurs, Bitcoin continues to oscillate between support and resistance, providing liquidity for systematic strategies and gradual entry points for long-term allocators. Bitcoin market data As of press time at 9:54 PM UTC on June 16, 2025, Bitcoin ranked #1 by market cap and its price is up 3.83% over the past 24 hours. Bitcoin has a market cap of $2.16 trillion with a 24-hour trading volume of $49.91 billion. Learn more about Bitcoin › Crypto market summary As of press time at 9:54 PM UTC on June 16, 2025, the crypto market is estimated to be worth $3.39 trillion with a 24-hour volume of $118.93 billion. Bitcoin dominance is currently at 63.73%. Learn more about the crypto market › mentioned in this article

Metaplanet is issuing bonds again, and its stock price hits a high market value, which is 8 times the value of Bitcoin | Abmedia News Series
The Japanese version of the metaplanet small strategy announces the issuance of zero-interest corporate bonds totaling 210 million US dollars, and all the funds raised will be invested in Bitcoin purchases. Although Bitcoin has recently dropped to 105,000, Metaplanet's stock price continues to reach record levels, with a record low of 1,770 yen before press time, an increase of 17.3% in one day and an annual increase of 17.5 times. The Nav Premium, which is used to evaluate the relationship between its stock price and the value of Bitcoin, has now reached 8.427 times.

The breakout of Bitcoin prices above $107,000 triggers recklessness; these factors will lead to a faster rise.
After days of testing a resistance area at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm the strong bullish momentum that has been building since early June. The breakout that saw Bitcoin briefly regain $110,000 in the last 24 hours follows several failed attempts to close above this pivotal level.

The ZKJ token of the Polyhedra network crashed 63% after a whale dump.
The native token of the Polyhedra network, ZKJ, experienced a devastating flash incident on June 15, where it fell over 63% in less than two hours, resulting in more than $99 million in liquidations and sparking widespread accusations of market manipulation across the crypto community. Whale wallets led to the collapse. According to blockchain tracker Lookonchain, six whale wallets collectively sold 5.23 million ZKJ tokens for about $9.66 million, just before the crash. These wallets had previously removed liquidity from both ZKJ and Koge, swapping Koge for ZKJ and then dumping ZKJ en masse. This aggressive liquidation drained liquidity and triggered a sharp price drop, leading to a wave of forced liquidations of long leveraged positions. Among those liquidated were six traders, each losing more than a million dollars, with ZKJ representing 81.3% of all liquidations in just four hours, according to CoingLass data. ZKJ price crash saw the price of ZKJ drop from $1.98 to a low of $0.7625, representing a decline of over 60% on Coingecko. CoinmarketCap provided an even grimmer scenario, indicating the token could collapse over 80% to $0.33, bringing the token's market cap to below $95 million. Although ZKJ briefly recovered to $1.41, it quickly returned to a range of about $0.80 by midday. What is particularly shocking is that ZKJ had been trading in a relatively stable range between $2.05 and $1.98 for over a month, making the sudden collapse all the more alarming. Koge's connection and community backlash call it a rug pull or pump and dump. All weakened.

Sharplink purchased 170,000 ETH, ranking second after the Ethereum Foundation. Can you buy it if the stock price drops by 70%? | Abmedia News Chain
American Online Gaming Sharplink announced its entry into Ethereum (ETH) strategic reserves at the end of May and announced on June 13 that it had purchased 176,270.69 ETH, spending a total of $460 million, becoming the largest Ethereum Reserves company in the world and the second largest holder of ETH after the Ethereum Foundation.

Explore the mix of my investment portfolio. Follow me to see how I invest
XRP holding above $2.25: XRP price consolidates above the key level of $2.25, with $3.00 as the next critical breakout point.
Potential big move by June 16: Increased whale activity and legal updates hint at an escape towards $8-13 - if $3.00 is cleared.

Binance CEO Richard Ting says institutions are no longer asking if, but how to adopt crypto.
Major players like Moody's and Strive are already making bold moves.
Institutional adoption is accelerating, with 83% planning to increase crypto exposure in 2025.
Binance CEO Richard Ting just dropped an update on Wall Street. In an X post, Ting announced that the upcoming contract will not be about crypto noise but rather its deep integration into global finance.