Pi Network, Cetus, Optimism: Cryptocurrencies to watch
The post Pi Network, Cetus, Optimism: Cryptocurrencies to watch appeared on BitcoinEthereumNews.com. As broader crypto markets struggle to regain momentum, a handful of digital assets stand out amid the turbulence. Bitcoin (BTC), which surged to a record high of nearly $112,000 last week, dropped to $107,000, while the market cap of all coins tracked by CoinGecko dropped to $3.49 trillion. Pi Network (PI), Cetus Protocol (CET), and Optimism (OP) have emerged as top tokens to watch, showing relative resilience despite mounting trade-related risks weighing on investor sentiment. While most major cryptocurrencies face headwinds from weakening momentum and macroeconomic uncertainty, these three projects are drawing our attention. Pi Network Pi Network price will be in the spotlight this week as over 70 million more tokens worth $53 million are set to be unlocked. Most unlocks will happen on May 28, when 15.2 million coins will come online. Pi Network, founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, unlocks new tokens daily. Some 261 million coins set to be released in June and 1.57 billion in the next 12 months. Unlocks lower the price by increasing the number in circulation, especially when there is no demand. The Pi coin price has been under pressure in the past few weeks, falling from a monthly high of $1.6692 to $0.7766. This crash accelerated after the developers launched Pi Network Ventures, which will invest $100 million in startups using the Pi coin. While an ecosystem fund is a positive move, the coin dropped because the announcement did not include a plan to get more tier-1 exchange listings. The developers did not address the centralization issues and the increased supply through token unlocks. Pi Network has formed a bearish flag pattern on the eight-hour chart, pointing to more downside, potentially to this month’s low of $0.5545. Pi Network price chart | Source: crypto.news Cetus Protocol Cetus, the…
The post Pi Network, Cetus, Optimism: Cryptocurrencies to watch appeared on BitcoinEthereumNews.com.
As broader crypto markets struggle to regain momentum, a handful of digital assets stand out amid the turbulence. Bitcoin (BTC), which surged to a record high of nearly $112,000 last week, dropped to $107,000, while the market cap of all coins tracked by CoinGecko dropped to $3.49 trillion. Pi Network (PI), Cetus Protocol (CET), and Optimism (OP) have emerged as top tokens to watch, showing relative resilience despite mounting trade-related risks weighing on investor sentiment. While most major cryptocurrencies face headwinds from weakening momentum and macroeconomic uncertainty, these three projects are drawing our attention. Pi Network Pi Network price will be in the spotlight this week as over 70 million more tokens worth $53 million are set to be unlocked. Most unlocks will happen on May 28, when 15.2 million coins will come online. Pi Network, founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, unlocks new tokens daily. Some 261 million coins set to be released in June and 1.57 billion in the next 12 months. Unlocks lower the price by increasing the number in circulation, especially when there is no demand. The Pi coin price has been under pressure in the past few weeks, falling from a monthly high of $1.6692 to $0.7766. This crash accelerated after the developers launched Pi Network Ventures, which will invest $100 million in startups using the Pi coin. While an ecosystem fund is a positive move, the coin dropped because the announcement did not include a plan to get more tier-1 exchange listings. The developers did not address the centralization issues and the increased supply through token unlocks. Pi Network has formed a bearish flag pattern on the eight-hour chart, pointing to more downside, potentially to this month’s low of $0.5545. Pi Network price chart | Source: crypto.news Cetus Protocol Cetus, the…
What's Your Reaction?
