Monster NFT

In March 2024, Pi Network’s price charted a remarkable journey. Beginning on March 9, PI’s value took off from $39.87, ascending to an impressive $122.09 by March 13. This price surge, however, was short-lived, as PI quickly reversed course, dropping to $45.98 by March 17.

April 2024 painted a different picture for PI. The month wasn’t a standout, as Pi Network’s price plummeted to a historic low of $0.1826 on April 7, struggling to regain momentum until mid-April. Then, on April 16, PI witnessed a significant price rebound, climbing from $0.76 to $36.83. This marked the beginning of a prolonged upward trend that captivated market watchers.

From April to June 2024, PI’s journey remained turbulent. On May 11, PI opened at $42.13, hitting a high of $43.21 and a low of $41.07, eventually closing at $42.16. Yet, by June 10, PI’s price showed signs of weakening, opening at $39.72, peaking slightly at $39.98, and closing at $39.81. During this time, PI reached its highest point on May 21 at $44.07 and hit a low of $38.02 on May 13.

The months of June and July 2024 saw continued fluctuations for PI, ranging between $30.64 and $41.91. In June, PI opened at $39.72 on the 10th, peaked at $39.98, and ended at $39.81. In July, it traded at $35.28 on the 8th, reached $38.56 on the 9th, and closed at $38.02 on the 10th. Following this period, throughout August, September, October, and November, PI generally hovered around $44.85.

Looking ahead, projections indicate that PI could trade within a range of $58 to $73 by the close of 2024. Should the network’s adoption rate continue to climb, PI might potentially see levels of $215 or higher in 2025, marking a significant period of growth for the coin.

#PiNetworkMainnet #pinetworkupdates #PiNetworkkyc #BinanceBlockchainWeek #APTSurpassesSUI

The Ripple team officially announced a partnership with seven crypto trading platforms to ensure the availability of their $RLUSD stablecoin on all top crypto platforms.

Ripple, a San Francisco-headquartered blockchain firm, is widely recognized for its cryptocurrency-backed global payment services. Along with cross-border payment solutions, Ripple provides various blockchain and crypto-focused services, playing a crucial role in pushing the adoption of cryptocurrency and blockchain technology at a practical level.

On 15 Oct 2024, Ripple revealed its collaboration with prominent centralised crypto exchanges: Uphold, Bitstamp, Bitso, MoonPay, CoinMena, Bullish, and Independent Reserve. Following regulatory approval, Ripple’s stablecoin ($RLUSD) will be available on these platforms.

Today at #RippleSwell, we’re proud to announce our Ripple USD exchange partners.Upon regulatory approval, $RLUSD will be globally available for institutions and users from @UpholdInc, @BitStamp, @Bitso, @Moonpay, @Indereserve, @CoinMENA, and @Bullish. https://t.co/iZ7L1MHpn3

— Ripple (@Ripple) October 15, 2024

Although Ripple is new to the stablecoin business, it is expected to excel due to its long-standing expertise in cryptocurrency-backed payment services and its legal knowledge of cryptocurrencies.

According to Ripple, each RLUSD token will be fully backed by U.S. dollars, U.S. government bonds, and cash equivalents, ensuring stability and security for users. Initially, RLUSD will be available on the XRP Ledger and Ethereum blockchains, with issuance under a New York Trust Company Charter.

XRP Price Action

Currently, the trade price of XRP—Ripple backed cryptocurrency running on the XRP Ledger (XRPL)—is $0.53, reflecting a 1% decline over the last 24 hours.

Current $XRP Cryptocurrency price $0.54 pic.twitter.com/shGAnzCCNO

— Bitcoinik (@Bitcoinikdotcom) October 15, 2024

Despite a partial victory in its legal battle against the U.S. Securities and Exchange Commission (SEC), Ripple faces ongoing legal challenges as the SEC has filed an appeal to classify XRP as an unregistered security. These developments have negatively impacted XRP’s trade price.

Read also: American Vice President Scheduled to Speak About Cryptocurrency and Digital Asset Regulation

The cryptocurrency community is buzzing with excitement over the anticipated Pi Network Mainnet launch, with Pi coin enthusiasts speculating on its future price. Predictions range wildly, from as low as $3 to as high as $40, with some enthusiasts even speculating about higher valuations. But what’s the hype all about, and what might the real value of Pi be upon launch? Let’s break down the factors driving these predictions, what people are saying, and the potential real-world value of Pi.

### What is the Pi Network?
The Pi Network, developed by a team of Stanford PhDs, aims to bring decentralized cryptocurrency mining to the masses by allowing users to mine Pi coins from their smartphones. Launched as a beta app in March 2019, the network has grown rapidly, attracting a huge number of users who believe in its potential. What sets Pi apart is its simplicity and accessibility, making it one of the few cryptocurrencies that people can mine on their phones without draining their batteries.

### The Hype Around Pi Network
There are several reasons why Pi Network has generated a tremendous amount of hype:

1. **Accessibility and Inclusivity**: Unlike traditional cryptocurrencies that require expensive hardware to mine, Pi is accessible to anyone with a smartphone. This has opened the doors for millions to participate in crypto mining, many for the first time.

2. **Community Growth**: Pi has an enormous user base, with over 35 million active users as of 2023. This strong and active community has generated significant interest in the project.

3. **Anticipation of Mainnet Launch**: Pi Network has been in its testnet phase for years, allowing users to mine Pi but without any real-world trading or financial exchange. Now, with the Mainnet launch around the corner, people are excited about the prospect of finally realizing their Pi’s monetary value.

4. **Ambitious Vision**: The Pi team has ambitious goals to create a truly decentralized ecosystem with utilities, apps, and services powered by Pi. As the project progresses towards these goals, the perceived value of Pi continues to grow among supporters.

### Price Predictions: What are People Saying?
As with any anticipated cryptocurrency launch, price predictions vary dramatically, depending on who you ask. Let's explore some of the most common price points being discussed and the rationale behind them:

#### $3 Prediction
This is on the conservative side of the spectrum, with some enthusiasts arguing that Pi could start at a lower value to allow for stable and steady growth. This prediction takes into account Pi’s massive circulating supply, assuming that a lower price point could sustain the demand while preventing an immediate sell-off.

#### $40 Prediction
On the more optimistic end, there are those who believe Pi could reach values of $40 or higher. This prediction is typically based on the assumption that Pi’s community is highly dedicated, leading to a potential surge in demand as people who couldn’t previously mine want to buy in. Proponents of this price also cite the potential use cases of Pi and the network's vision of creating a robust ecosystem, which they believe would drive long-term value.

#### Higher Predictions
Some hardcore Pi enthusiasts even go as far as suggesting values upwards of $100, based on the assumption that Pi Network will develop a vast ecosystem and see mainstream adoption. However, these predictions should be taken with a grain of salt, as they hinge on the assumption of explosive growth in both the Pi ecosystem and demand, which may or may not materialize.

### Potential Real Value of Pi
While predictions are fun to speculate, the real value of Pi will be determined by several important factors:

1. **Supply and Circulating Pi**: The Pi Network has an extensive supply. The amount of Pi in circulation at launch will play a major role in determining its price. If a large number of users decide to sell their Pi upon launch, this could create downward pressure on the price. Conversely, if the majority of users hold their coins, supply could remain limited, potentially driving the price up.

2. **Demand and Use Cases**: The demand for Pi will be influenced by the real-world use cases the Pi team can establish. If they successfully integrate Pi into applications, services, and marketplaces, the demand could be strong, which would positively impact the price. A key to any cryptocurrency's long-term value is adoption beyond speculation, meaning the Pi team will need to focus on developing partnerships and growing its utility.

3. **Market Sentiment**: Pi’s initial price will also be influenced by broader market conditions. If Pi launches during a bullish period, it could benefit from general positive sentiment in the crypto space. However, if the launch coincides with a downturn, it could face more challenges.

4. **Regulatory Landscape**: Another factor to consider is the regulatory environment for cryptocurrencies, which is constantly evolving. As Pi moves towards Mainnet, regulatory challenges could arise that may impact its accessibility and value, particularly in regions with strict crypto regulations.

### What Could the Realistic Price Be?
With the above factors in mind, a realistic price for Pi could likely fall between $3 and $20 in the early stages, given its large supply and the fact that it is entering a highly competitive market. While some are hopeful for higher valuations, it’s wise to approach such predictions with caution and acknowledge that the true value will only emerge once Pi is actively traded on exchanges.

### Why the Hype Matters
The hype around Pi is a double-edged sword. On the one hand, it has helped to build a large and engaged community, which could be instrumental in driving demand for the coin. On the other hand, overhyped projects often face challenges living up to the community’s high expectations, which can lead to volatility and fluctuations in price.

In any case, the launch of Pi Network’s Mainnet will be a pivotal moment, not just for its users but for the broader crypto community. It will be an opportunity to see whether Pi can transform its massive user base into an active ecosystem, and whether its mission to bring cryptocurrency to the masses will truly be achieved.

### Final Thoughts
The Pi Network Mainnet launch is one of the most anticipated events in the crypto world. While opinions on its initial price are mixed, what’s clear is that Pi has captivated millions and represents a unique approach to digital currency. If the Pi team can deliver on their promises, the Pi Network could indeed bring something valuable to the crypto landscape. Until then, it’s wise to maintain a level of realism and remember that the true value of Pi will be determined by adoption, demand, and the development of its ecosystem in the months and years to come.

So, will Pi reach $3, $40, or more? Only time will tell, but one thing’s for sure: the launch is just the beginning, and Pi’s journey in the world of crypto is far from over.

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Exclusive Analysis: Why XRP is on the verge of hitting $10,000 and how you can invest before it's too late

In the world of cryptocurrencies, XRP (Ripple) has been one of the most innovative and promising projects in recent years. With its real-time payment technology and network of associated banks and financial institutions, XRP has proven to be one of the strongest cryptocurrencies with the greatest growth potential. In this article, we will explore the reasons why XRP could reach $10,000 per token in the future.