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Several theories are touting Cardano price to clinch $10 but critics are tagging the projections as outlandish. However, one cryptocurrency analyst has picked up the gauntlet to rationalize the claims of ADA reaching $10 during this cycle, citing a slew of factors.

Cardano Price To $10 Is In Play

Cryptocurrency analyst Dan Gambardello has reiterated claims that Cardano price is headed to $10 in this cycle. According to his analysis, Gambardello poked a hole through the barrage of criticisms leveled against ADA optimists backing the asset to reach $10.

Gambardello began his analysis with key ADA fundamentals, citing its speed, decentralization, scalability, and security standards. He points to incoming Bitcoin DeFi and the potential unlocking $2 trillion opportunity for Cardano. The recent Cardano Lace Wallet retrofitted with multichain functionality specifically for the Bitcoin blockchain underscores the point.

The analyst turns his gaze to the impending end of quantitative tightening and the start of quantitative easing by the Federal Reserve and its potential for cryptocurrencies. According to Gambardello, the move signals a major “bullish catalyst” for ADA given the uptick of liquidity flooding the market.

Gambardello bolsters his argument with ADA’s inclusion in the Digital Asset Stockpile as proof of Cardano’s price climbing to $10.

ADA Trading at $10 Is Not A Crazy Idea

At the moment, ADA is trading at $0,70, a far cry from the projected $10. However, Gambardello argues that the Cardano price can clinch reach $10 given its positives.

“A $10, $350 billion market cap sounds crazy to a lot of people, I understand,” said Gambardello. “But I will not ignore the possibility of it just because it sounds crazy.@

The analyst goes on to cite Cardano’s run to reach an all-time high, surging from $0.3 to $3.09 back in 2021. Gambardello says that at the time Cardano price climbed by nearly 1,000% without smart contracts or an inclusion into the Digital Asset Stockpile.

A move toward $10 represents a 1,300% jump for ADA which Gambardello says is within reach given Ethereum’s price action during the last bull run. While Gambardello did not give a clear timeline, he disclosed that multiple ADA retracements are a real possibility before the final march to $10.

The post Analyst Reveals Why Cardano Price Rally To $10 Isn’t ‘Crazy’ appeared first on CoinGape.

The crypto market is still facing capitulation as most digital currencies are reversing the selloffs registered in the past week. The price of Bitcoin (BTC) remains in the spotlight as the combined crypto market capitalization jumped 2.44% to $2.76 trillion. With sellers quietly exiting the market, whether the underlying factors can sustain the current outlook remains unknown.

Crypto Market Rebound, Here’s The Trigger

Uncertainty has defined the trajectory of the most assets thus far this month as top coins dropped to their lowest levels this year. While Bitcoin’s price has shown strength, it fell to a low of $76,624.24 before reclaiming the $80,000 mark according to CoinMarketCap data.

Altcoins like Ethereum (ETH) and Solana (SOL) also dropped to new multi-week lows earlier in the month. While Ethereum fell to a monthly low of $1,760.94, Solana bears dragged the coin down to a $113 low. As it stands, BTC and altcoins have bounced off key support, which was formed at their respective monthly lows.

Since the Digital Asset Summit earlier in the week, the crypto market has not witnessed any bearish negative news. Rather, investors are digesting the Trump promise of stablecoin legislation from Congress and a BTC reserve confirmation.

On the macroeconomic level, mainstream media updates regarding the tariff war have toned down, giving the stock market room to recover.

More Selloff Ahead for Bitcoin Price?

At the time of writing, the BTC price had changed hands for $84,295.18, up 2.4% in 24 hours. The coin has pared off the losses incurred in the past week. However, the BTC price still maintains its 30-day loss of 14.27%.

At the moment, shorter-term headwinds in the market are cleared, with ETF investors returning to the scene. Per an earlier CoinGape report, spot Bitcoin ETFs scored an inflow of $785 million after a tumultuous 7-day trend.

Unlike a typical weekend in the industry known for its volatility, BTC prices show stability. Should the positive regulatory shift continue, Bitcoin might turn the $84,000 level into sustainable support.

Where is the Crypto Market Heading?

The current bullish outlook also extends to other altcoins. Per an earlier Solana price analysis, the prospect of a $1000 breakout was explored as the coin formed a parabolic base.

XRP is also in the spotlight following the Ripple and SEC lawsuit resolution, which has carved a positive growth path for it. While most analysts have different price projections for top coins, including Cardano and Dogecoin, the visible outlook shows a tempered selloff for now.

The post Why Is the Crypto Market Up Today? Will Bitcoin Price Crash Again? appeared first on CoinGape.

In the world of meme coins, Pepe Coin and Shiba Inu are two prominent names and are often considered competitors. Due to PEPE’s sudden popularity and exponential growth in 2024, it was seen as one of the most promising cryptos, but SHIB’s dominance was the best after Dogecoin and could not be shaken. With the crypto market’s changing dynamic, let’s see whether this frog-themed could finally flip its biggest competitor.

Pepe Coin Quick Rise & Fall

Pepe memecoin is a frog-themed cryptocurrency that challenged the entire market with its exponential growth right after its launch. Within a short period, PEPE’s price grew multiple folds, leaving the investors in disbelief and optimism at the same time.

Although things took a turn for the worse, and the price crashed immediately, the hype remained maintained. With high investor demand and whales’ active support, the PEPE price surged higher and higher in 2024, setting an ATH at $0.00002825 in December 2024.

This was the moment that presented the possibility of PEPE flipping the SHIB. Still, the market downtrend ruined the trajectory, and it currently trades at $0.000007182 with a market capitalization of $3.02B and trading volume of $389.39M, much higher than SHIB. However, a few Pepe Coin price predictions present a different picture.

Shiba Inu’s Performance As a Top Meme Coin

Shiba memecoin, inspired by the popular Japanese dog breed, had a slow start in 2021, but with time, it became the second biggest and most popular meme coin. It is often regarded as the Dogecoin Killer, but now PEPE is another competitor due to its bullish price performance.

Unlike PEPE, its prime is long lost, as its ATH sits at $0.00008845, achieved three years ago. More importantly, it has failed to regain a similar rally since then, currently trading at $0.00001274 with a market capitalization of $7.51B and trading volume of $108.08M. Despite the demand, many Shiba Inu predictions claim that another similar rally is nowhere near.

Despite the lack of performance, its comparatively higher stability over the years has made it superior to Pepe memecoin.

Pepe Coin Price Prediction: Will PEPE Finally Flip Shiba Inu in 2025?

Pepe coin’s bullish price performance in 2024 has led many investors to anticipate it to surpass the Shiba Inu coin. Crypto analyst Jameson once argued that PEPE can flip SHIB due to highly bullish triangle pattern formation. He claimed that it is a matter of time before this actually happens.

Although this has not happened to this day, the possibility still exists. Recently, another analyst, Chandler, questioned, “Can’t believe PEPE still hasn’t flipped SHIB in market cap. Absolute joke.” His question was based on the trading volume difference between the two, where PEPE has nearly twice the SHIB despite the latter having higher demand and stable price performance.

Others added that it was a matter of time before this happened. Some regarded PEPE as the king of the internet and predicted it would reach significant highs. However, its failure to do so limited the possibility. More importantly, for Pepe Coin to flip Shiba Inu, its price will have to be $0.00001802 today to achieve the same market cap as the latter, which is impossible.

The same is true on most predictions, as PEPE’s market cap has to be higher than SHIB’s, which is more than twice in the current scenario. However, in the most optimistic scenario, this may happen.

The post Will Pepe Coin Flip Shiba Inu? appeared first on CoinGape.

XRP, the digital currency associated with Ripple Labs Inc., is considered one of the coins with big price prospects in this current Donald Trump administration. As the third largest asset by market capitalization, XRP was changing hands for $2.371, down marginally by 0.61% in 24 hours. Despite the mild bearish outlook, there is reason to stay optimistic about long-term growth.

Since President Trump’s election victory, XRP has seen an impressive growth trend. The Republican win paved the way for crypto innovation in the country, forming a major headwind for the coin. In the long term, less regulatory oversight can help the Ripple ecosystem thrive, with an upside for the coin.

XRP and the Strategic Reserve Advantage

The liberation of XRP over the past month is considered a start. However, with this administration’s pro-crypto tilt, analysts are divided on how high the coin could soar by 2028 when President Trump will be at the end of his current tenure.

In an earlier XRP price prediction, analysts issued a target of $150 for the coin. While this forecast is not conservative, the prospect of XRP’s inclusion in strategic crypto reserve in the US offers more optimistic projections. As reported earlier by CoinGape, market analyst Crypto Pal believes XRP could jump to a $10,000 to $35,000 range if added to the reserve. 

Beyond the growing speculation of XRP’s inclusion in the reserve, a major challenge lies ahead. Most Bitcoin proponents believe altcoins in the stockpile might produce the opposite effect. However, if the coin bypasses this hurdle, the price has a huge prospect for a breakout.

XRP Utility Amid SWIFT and US Bank Integration

The Ripple Labs ecosystem is advancing rapidly, fueling the integration of some of its associated products in mainstream finance. As a blockchain payments firm, Ripple Labs always looks for top players to partner with. This has birthed speculations around a potential SWIFT partnership.

If this happens, the upside for the XRP price is enormous, with analysts suggesting a likely rally to $1,000. The coin and other Ripple products may come without much hurdle for SWIFT to integrate. The end of the Ripple and SEC lawsuit has cleared the path for the firm to grow its business in the United States.

Over the past few years, digital currency has been key in powering some global banks’ cross-border settlement systems. According to SBI CEO Yoshitaka Kitao, XRP is already on track to revamp Japanese banks’ remittance businesses.

The current regulatory outlook is expected to pave the way for US Banks to adopt XRP in the long term. Recall that the Office of the Comptroller of the Currency (OCC) has given the green light to banks to engage in crypto-related activities. This can help Ripple rebuild the payment partnerships it lost due to the SEC lawsuit.

Besides this outlook, President Trump’s trade policies, though worrisome at the moment, might indirectly favor American-first crypto innovations. With US Debt financing plans with crypto, the bull case for XRP is further solidified.

XRP Price Prediction for 2028

Different analysts forecast XRP using different models. However, CoinGape consulted DeepSeek AI on the coin’s price by 2028.

The AI model identified conservative, moderate, and bullish scenarios for the XRP price target. Under the conservative estimate, DeepSeek sees XRP trading around $10 to $20. This forecast hinges on the prospect of gradual adoption in the ecosystem.

The moderate estimate projects the coin to soar from $50 to $100 in the long term due to potential SWIFT and US partnerships. In the bull case scenario, the AI model sees the XRP price trading from $150 to $200 if it becomes integrated into crypto reserves.

Is XRP Price Breakout Ahead?

Many advocates believe XRP has faced suppression in the past four years owing to the Ripple lawsuit. However, President Trump’s renewed focus on encouraging crypto innovation has renewed the hope for cryptocurrency.

Macroeconomic trends, including potential rate cuts, create a headwind for the coin. This positive outlook shows Ripple may play a key role in redefining global finance by 2028, a trend that will profit XRP.

The post Ripple in 2028: What Could XRP Price Be by the End of Donald Trump’s Second Term? appeared first on CoinGape.

LayerZero has created history with its mind blowing hold over the world. The financial system was revolutionized when LayerZero started climbing the ladder. The coin is expected to show a surge in the coming days, but it would require a technical eye to understand. It is utmost important for any trader to understand the charts and then invest their hard earned money.

In this article, you will learn how LayerZero is anticipated to perform in the coming years. Read the technical analysis and everything you need to know about the coin.

The post LayerZero (ZRO) Price Prediction March 2025, 2026, 2030, 2040 – 2050 appeared first on CoinGape.

After weeks of sideways trading, cryptocurrency analysts are tapping Solana to embark on a meteoric rally in the coming days. Short-term Solana price predictions point to a climb to $150, followed by a spirited push above the $1,000 mark.

Solana Price Has Established A Foundational Base For $1,000

Pseudonymous analyst CryptoCurb is predicting a strong rally for Solana’s price, tapping the asset to surpass $1,000. According to a post on X, CryptoCurb says the push towards $1,000 will happen before the end of the year

Per CryptoCurb, several factors are in play for the rally toward $1,000 including the setting of a “parabolic base” to make the leap. Solana price has spent weeks consolidating around the $120 mark with CryptoCurb interpreting it as a ramp to clinch $1,000.

“Solana consolidating and establishing a foundational base of $120 this past year is the most bullish thing SOL could have done for hopes of tighter targets this cycle,” said CryptoCurb.

While CryptoCurb’s analysis eyes the end of the year, short-term projections predict that the Solana price is headed to $150. The prediction hinges on Bitcoin price swinging upward, a move that could see SOL rally in the coming days.

“We will definitely retest the $120-$123 range before doing a big push upwards imo,” said one analyst.

A Slew Of Positive Onchain Metrics

Solana’s ecosystem is buzzing with optimism, fuelling speculation of a potential rally in the coming weeks. For starters, network adoption has soared to new rights with SOL addresses reaching 11 million.

A barrage of SOL ETFs underscores growing institutional interest in the network, a precursor for huge price leaps for the asset. Furthermore, the Solana price received a small jolt following the bridging of $314 million from the Ethereum network.

The network is moving on from its ad backlash to strike new ecosystem partnerships. A collaboration to integrate TRX on Solana is considered a massive play in the push to a seismic rally.

In view of on-chain and ecosystem activity, dour reports of SOL price below $100 seem far-fetched as traders scan the horizon for early glimpses of a rally.

The post Solana Price Eyes Breakout To $1,000 After “Parabolic Base” Set Up appeared first on CoinGape.

Ripple (XRP) price settled above the $2.37 mark on March 22, down 10% from the weekly timeframe tops around $2.6. Following Ripple CTO’ latest letter to the US SEC, technical indicators suggest XRP could advance above the $3.20 level on the next rebound phase. 

Ripple CTO sends Cross-appeal Letter to Finalise Settlement with US SEC 

Ripple (XRP) price has stagnated around the $2.40 level as markets digested recent regulatory development. 

Ripple’s long-running legal battle with the U.S Securities and Exchange Commission (SEC) came to an abrupt end on Thursday, March 19, with the regulatory agency withdrawing its appeal.

Ripple has filed a cross-appeal to ensure all legal arguments are thoroughly addressed. This latest move has intensified scrutiny on the case, with investors closely monitoring XRP’s price reaction.

The SEC’s initial lawsuit, filed in December 2020, accused Ripple of selling XRP as an unregistered security. While Ripple secured partial victories in court, regulatory uncertainties continue to cloud the cryptocurrency’s future.

The cross-appeal signals Ripple’s intent to challenge specifics of the SEC’s claims, classifying XRP as a non-security asset to set concrete precedents for further crypto regulations.

“Ripple filed a cross-appeal to ensure nothing’s left on the table, including the argument that there can’t be an ‘investment contract’ without there being essential rights and obligations found in a contract.”

– Ripple’s Chief Legal Officer, Stuart Alderoty, March 2025

 At the time of publication on March 22, Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), Cardano (ADA), Polkadot (DOT), all currently have an ETF application under-review with the SECs.

If Ripple prevails, many market watchers expect this to clear barriers to approval of altcoin ETFs, while an adverse ruling may lead to negative outcome or delayed verdicts.

XRP Price Prediction Today: Potential Decline to $2.30 or a Rebound to $2.50?

XRP price forecast suggests a cautious outlook as technical indicators highlight both bullish and bearish possibilities.

Currently, XRP trades around $2.3731 after a sharp 8.39% retracement over the last three days, signalling a potential shift in momentum.

First, the Fibonacci retracement tool shows immediate support near the 61.8% level at $2.3735, which aligns closely with the current price.

If bulls manage to hold this support, Ripple price could rebound toward the 23.6% retracement level at $2.5033, where selling pressure may re-emerge.

Beyond that, the MACD indicator remains in positive territory, albeit with signs of a bearish crossover forming, suggesting weakening upward momentum.

Conversely, if selling pressure persists and XRP closes below the key Fibonacci level of $2.3735, the next downside target lies at $2.3629. A further breakdown could expose the price to deeper losses toward $2.30 and possibly $2.26, in line with historical support levels.

The declining trading volume further emphasises the bearish concerns, indicating waning buying interest.

For a bullish recovery, XRP must decisively reclaim $2.40 and sustain momentum above $2.50. However, failure to hold key support levels could accelerate a bearish decline toward $2.30.

Traders should watch for volume spikes and MACD confirmation to gauge the next directional move

The post XRP Price Prediction: Ripple’s Final Letter to SEC Sparks $2.50 Breakout Bets  appeared first on CoinGape.

Ethereum price stole substantial investor attention this Saturday as it gained an upward trajectory, even briefly topping $2,000. Despite constant outflows in ETF ETFs over the past few days, this upswing has emerged, sparking market optimism over future price movements.

For context, Ether ETFs have recorded constant outflows on a daily basis, sparking market concerns globally. Although these outflows remained below the $20M mark each day, market watchers speculate over future aspects amid evolving market dynamics.

Ethereum Price Jumps Despite ETH ETF Outflows

ETH coin’s price witnessed a nearly 2% uptick in the past 24 hours and closed in at $1,995 as of press time. The crypto recovered from an intraday low of $1,937 and even hit a high of $2,005 briefly this Saturday.

This price upswing primarily caused a market stir, defying usual investor sentiments in light of constant outflows in ETF products. Sosovalue data indicated that Ethereum recorded $102.89 million in weekly outflows from March 14 to 21, a concerning factor for investors.

Of these outflows, $11.72 million, $12.41 million, and $18.63 million occurred on March 19, 20, and 21, respectively. Traders and investors speculate whether these outflows could top the $20 million mark ahead, which could bring potential heat to the price.

Ethereum price is up nearly 5% since it last recorded over $20 million in outflows in ETFs, which was on March 18. The asset’s price rose from the $1800 level to $1,985 since then to date. The rising action has ignited speculations of cooling ETF outflows ahead, further supported by other dynamics.

Is ETH Supply Shock Incoming?

Simultaneously, recent on-chain data has cemented a considerable bullish sentiment for the coin. Renowned market trader and analyst ‘Merlijn The Trader’ revealed that whales scooped up $236 million worth of ETH over the past 72 hours. The massive buying pressure paves an optimistic path for future price action, underlining the potential for an ETH bounce back to previous highs.

Simultaneously, market analyst Crypto Rover took to X, revealing that Ethereum reserves on exchanges hit an ATL. For context, drying up exchange reserves signals heightened withdrawing for a crypto and rising market interest. The data also indicates that a potential supply shock looms, which could further offer support to the price.

Despite constant ETF outflows, the abovementioned stats indicated that price gains await. Given this feat takes place, rising interest could also propel inflows in ETFs ahead.

Top Analyst Says 100% Pump For Ethereum Price Ahead

Also, market expert ‘Patron’ posted on X, revealing that ETH price claimed a vital support level near $1,978. A sustained break above this level, further escorted by the abovementioned bullish factors, could result in a potential 100% rally ahead. As per the analyst, the upcoming targets remain $2,296, $2,913, and $4,000, which is up nearly 100% from the current level.

However, it’s also worth taking into account that ETH’s fear and greed index stood at 37. This stat conversely signals that investors are cautious despite bullish dynamics, primarily due to macro trends and institutional interest decline. According to Ethereum price prediction, ETH could reach $2,100.57 by 2025.

The post Ethereum Price Up Today: Will ETH ETF Net Outflow Exceed $20 Million? appeared first on CoinGape.

The Pi Network suffered a 20% depreciation that lowered its value to $0.90 but it now shows indicators of recovery by climbing 10% above the $1 support level. Other Pi Network rivals such as Kaito, AI16Z, Fartcoin, and SPX are starting to attract more attention despite facing challenges in the market. The cryptocurrency market presents an opportunity for investors to grow their $1,000 investments worth $100,000 during April while the market achieves stability.

Pi Network Rivals: Kaito (KAITO)

KAITO (KAITO) has recently gained significant market interest because its price increased by 15% during the last month. InfoFi token has shown significant activity through its AI design and now stands among the Pi Network competitors. 

The crypto asset KAITO entered the market not long ago and maintains a price point of $1.32 while demonstrating rising popularity in the current altcoin sector. Other crypto markets are trading in in sideways trend, with the BTC price hovering around $84k.

The chart of KAITO showed a falling wedge pattern which a crypto analyst has highlighted. A confirmed $1.50 breakout could initiate a price movement to reach KAITO’s previous all-time high according to the market analyst. In the past KAITO witnessed its highest price at $2.88 before starting its downward trend.

ai16Z

AI16Z has demonstrated a 17% price increase within the previous 24 hours which positioned it near $0.2020 during trading sessions. The descending triangle pattern shows a token’s potential bullish trend that emerged as it exceeded its weeks-long range restriction.

The chart pattern suggests robust upward potential when volume increases to validate the price movement. The market analysts observe the $0.24 resistance level with growing interest because it could lead to upward movement beyond $0.30 in the market price. AI16Z stands as one of the top four competitors of Pi Network price, attracting investor interest during April 2023.

Fartcoin (FARTCOIN)

Fartcoin experienced an impressive market boom by achieving a 37% rise in value within one day where its price moved from $0.35 to $0.48. The market value of Fartcoin experienced a sudden increase of 37% over that period. Fartcoin price rose by 40% within the last week which established it as one of the growing competitors against Pi Network.

Within 24 hours the derivative market volume for Fartcoin reached $1.48 billion after recording a 35.15% increase. During the same time frame open interest numbers increased at a significant rate of 60.41% to reach $194.98 million.

SPX6900 (SPX) 

In the last 24 hours, the SPX6900 token experienced a 16% price rise as the market started to recover from its losses. The token now trades at $0.4966. 

SPX6900 provides advanced blockchain cryptography features that enable wide-ranging applications such as scientific research.

The recent market momentum of SPX has placed it among the Pi Network rival which allegedly can transform $1K into $100K by April.

Final Thoughts

In conclusion, The Pi Network rivals stand alongside Kaito, AI16Z, and Fartcoin along with SPX as promising cryptocurrency opportunities for amplifying $1K to $100K. According to market trends, the crypto market demonstrates recovery potential and these selected projects might emerge as leading forces. Monitor the growth of these projects because they may deliver profitable outcomes.

The post 4 Pi Network Rivals To Turn $1K to $100K In April appeared first on CoinGape.

Legal expert Fred Rispoli has recently shared insights on the possible reasons behind the US Securities and Exchange Commission’s (SEC) decision to dismiss the XRP case.

In addition, XRP lawyers like Bill Morgan have also weighed in on the matter, reflecting on the possible implications of the XRP case’s end. Let’s examine what experts are saying about the SEC’s decision and how the settlement could impact the crypto industry.

Why Did the SEC Drop the XRP Case? Key Insights

In the latest XRP case update, the US SEC has reportedly decided to drop its appeal in the lawsuit. Despite this significant development, Ripple has opted to keep its cross-appeal active. This has prompted lawyer Fred Rispoli to weigh in on the possible factors driving the SEC’s move.

Primarily, the attorney linked the SEC’s decision with its recent moves in multiple crypto lawsuits. In a couple of developments, the US SEC dismissed many crypto lawsuits involving Kraken, Coinbase, Robinhood, and more. Reflecting on these developments, Rispoli stated that the SEC’s latest move likely signals the regulator’s ways of negotiating a settlement.

Will Ripple Drop Its Cross-Appeal?

Though Ripple CEO Brad Garlinghouse has unveiled the SEC’s potential dismissal of the XRP case, the agency hasn’t released an official announcement on it. Ripple also remains silent on the matter and hasn’t yet dropped its cross-appeal.

However, Rispoli stated that SEC’s settlement negotiations could ultimately lead to Ripple dropping its cross-appeal. Reportedly, the SEC may ask Ripple to drop the cross-appeal for a reduced fine. In addition, this agreement could also involve lifting the permanent injunction imposed by Judge Analisa Torres.

Moreover, the potential agreement between the SEC and Ripple could pave the way for Ripple to announce a highly anticipated IPO. While the prolonged lawsuit hindered Ripple’s IPO chances, the agreement could accelerate Ripple’s plans for an initial public offering (IPO).

Recently, expert All Things XRP predicted the potential developments within the XRP ecosystem post the Ripple case settlement. These developments included IPO, new collaborations, CBDC and stablecoin initiatives, and more.

SEC Brings Clarity on XRP’s Status

Meanwhile, lawyer Bill Morgan took to X to shed light on the potential implications of the Ripple case dismissal on XRP. According to him, the SEC’s move has provided clarity on the legal status of XRP; it has been classified as a non-security.

Notably, Bill Morgan’s words echo the XRP community’s broader sentiment. The community is celebrating the crucial development that marks a significant victory for Ripple and the broader crypto industry.

The post Latest XRP Case Update: Top Reasons Behind SEC Dropping Its Appeal Against Ripple appeared first on CoinGape.

Solana price has had a tough time in the past few weeks as it collapsed nearly 65% since mid-January. However, this bearish outlook could flip on its head after the approval of SOL futures ETF. But is this enough to prevent the price of Solana from collapsing below $100? 

Let’s explore Solana price prediction and key levels to watch ahead as institutions will soon be able to buy and selling SOL via ETFs.

Two futures Solana ETF products namely, Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT) will be available to US participants soon, according to reports. Despite this bullish fundamental development, the outlook of Solana price remains bearish, with a potential for further descent. Will the selling pressure crash SOL price below $100?

Solana Price Prediction: Is SOL at Risk of Crashing Below $100?

From a technical perspective, the daily chart shows Solana price is bouncing off the key support level at $125.31. This key structure served as a stable footing for price from March to September 2024. Hence, a retest of this level is likely to absorb any short-term selling pressure, increasing the odds of a bounce. 

So expecting a further descent in Solana price is unlikely as long as the $125.31 support level holds. However, a decisive daily candlestick close below it, would signal a breakdown of this critical foothold. Such a development suggests that the buyers failed to establish control and the outlook is now bearish. In this condition, SOL’s value could easily visit the next critical support level at $100.

Considering the current market conditions, where Bitcoin’s (BTC) directional bias is slightly bullish, the chances of SOL price breaching below $100 are equally high. However, help from BTC bears could easily crash Solana below the aforementioned key support level.

Key Resistance Levels To Watch

If Solana price fails to break $125.31, then the outlook remains bullish. In such a case, a flip of the $136 hurdle into a support floor could send SOL price to $152.70 after a 12% rally. If the bullish momentum sustains, Solana bulls may extend the uptrend to $179 and $186 resistance levels. This move would constitute a 35% gain from $136.71

Solana price is currently at risk of crashing below $100 due to the overall bearish market conditions, but the launch of SOL ETF futures could potentially increase demand and impact the price.

The post Could Solana Price Crash Below $100 Now After SOL Futures ETF Launch? appeared first on CoinGape.

XRP price retains stability at $2.40 despite market predictions of reaching $1,000 anytime soon. The potential SWIFT cross-border payment collaboration between Ripple shows promise in boosting its market value. The Ripple price has experienced major market growth over the last year by more than 280%. Since the SEC lawsuit against Ripple ended investors have shown increased optimism through their investment behavior and predict better market growth for the coin.

Can XRP Price Reach $1,000 if Ripple Partners With SWIFT for Cross-Border Payments?

XRP price needs a major market shift before reaching a value of $1,000 can occur. SWIFT stands in the final steps of negotiating with Ripple to incorporate XRP technology for international payment transfers. The reported arrangement between Ripple and SWIFT would need escrow services for billions of Ripple to act as reserve liquidity.

The SWIFT partnership would definitely affect the way XRP functions as well as the extent of its widespread use. Such a price increase necessitates both overwhelming market demand and significant market changes which are still in the future development stage after the news broke about XRP in the global payments sector.

This was posted and quickly deleted, I wonder what prompted intial post pic.twitter.com/z5hCMELpTi

— Cobb (@Cobb_XRPL) March 21, 2025

Factors That Could Fuel The XRP Price Rally?

Increasing market recovery may create positive effects on XRP price. Currently, Bitcoin has around $84K while Ethereum transactions are at $1,900. Market recovery has the potential to trigger an XRP price rise, which would create more interest among investors.

The SEC displayed signs of progress when its website removed Ripple civil actions because the case begins to reach the court of appeals stage. The legal proceedings adjustment may offer additional backing for this market movement. Traders anticipate the expansion of RUSD adoption because Trump is promoting stablecoin laws which will strengthen XRP’s future market potential.

Ripple Price Targets $3 Amid Market Momentum

The current XRP price stands at $2.4, while it has increased by 0.32% throughout the last 24 hours. The MACD indicators show a bullish momentum because the MACD line rises above the signal line.

The strength displayed by Ripple price implies that it will create conditions for additional price increases. The RSI indicator shows XRP trading at a middle level because its value stands at 53.02, which suggests more price growth possibilities.

XRP price prediction should aim towards breaching $2.60 resistance before proceeding to $2.80, followed by $3. The successful crossing of this critical level would enable XRP to approach the $2.80 target before potentially reaching the important $3 mark.

Achieving this target would represent a 24% boost in the current level. A bear trend could push prices down to $2.2 but the XRP price might reach $3.4 as bulls maintain their control.

To sum up, the XRP price maintains its current level at $2.40 but holds great potential through its SWIFT cross-border payment solution. For it to achieve a $1000 value, the Ripple price needs both significant market changes and widespread adoption of its technology.

The post Will XRP Price Hit $1,000 if Ripple Partners With Swift to Use XRP For Cross Border Payments? appeared first on CoinGape.

Stablecoins Dilemma – The tactical warfare between China and the US has found two new emerging battlegrounds in Artificial Intelligence and Cryptocurrencies. While China is following a more centralized approach to the adoption of cryptocurrencies, the US, with the coming up of the Trump administration, is making significant strides in the pro-crypto regulatory jurisdictions.

Since 2021, China has enforced a blanket ban on cryptocurrency mining and trading, implying no stablecoin or crypto transactions, with the Chinese government focusing solely on promoting its central bank digital currency (CBDC), the digital yuan.

The creation of US Crypto Strategic Reserve and the perceived fear of “US dominance in global finance with dollar-pegged stabelcoins”, as Ming Zhang reflects, have left China’s CPI sweating bullets. But that is evident as the emergence of Chinese startup, DeepSeek-V3, is the only recent instance we have of any signficant stride by the United States’ long-considered foe, the China.

And now in a recent Study Times article that CoinGape got access to, Ming Zhang, the deputy director of the Chinese Academy of Social Sciences clearly reflects on the Communist Party’s thoughts on digital currencies led by Bitcoin, Central Bank Digital Currencies (CBDCs) and Stablecoins. Notably, CASS is a state-backed research institute and a ministry-level institution under the State Council of China, meaning its reports often align with the government’s broader economic and financial policies.

Here’s all Zhang Ming and China’s CPI have to say after making first such public mulling on cryptocurrencies.

The value of cryptocurrency is determined neither by the sovereign credit of a country nor by other currencies or financial assets linked to the currency, but by a set of rigorous computer algorithms. But the biggest problem with Bitcoin is that its price fluctuates greatly. The price peak of a Bitcoin once reached more than $100,000, and it fell to around $86,000 in early March 2025.

Is China really avoiding Bitcoin, Stablecoins and Crypto?

Apart from stablecoins’ growing dominance, Bitcoin (BTC) maintains its dominance in the crypto market with a market cap of around $1.67 trillion, representing 58.27% of the total crypto market followed by Ethereum.

China has officially banned Bitcoin trading and mining, but its connection to BTC remains complex yet significant. Despite the ban, China still influences Bitcoin. There are reports that reveal Chinese miners secretly operating using VPNs and off-grid setups and the country likely holding on 194,000 BTC. Thus, even though the public crypto use is restricted, underground trading persists through peer-to-peer (P2P) markets and offshore exchanges.

However, China is still not ready to accept the potential of Bitcoin with Ming Zhang arguing,

Although Bitcoin is a type of digital currency, it cannot truly perform the functions of currency due to the following two characteristics.

On the one hand, the huge fluctuations in Bitcoin prices make it difficult for Bitcoin to be used as a pricing scale for other commodities or as a monetary medium for transactions between other commodities; on the other hand, due to the limited total amount of Bitcoin, it is difficult for Bitcoin to be used as a currency to regulate economic operations.

Therefore, the nature of Bitcoin is not a real currency, but a peculiar financial asset, which itself has investment value. There is a great deal of controversy in the market as to whether Bitcoin is a risky asset or a safe-haven asset. In terms of the huge price fluctuations of Bitcoin itself, it is more like a risky asset. However, in terms of the fact that the price trend of Bitcoin is largely inversely correlated with the trend of the US dollar exchange rate, it is like a safe-haven asset that can hedge against the fluctuations of the US dollar exchange rate.

Thus, it seems that Bitcoin only remains a geopolitical tool for China. Some believe China views BTC as a strategic hedge against the U.S. dollar, even while banning its use domestically. This paradox nonetheless highlights China’s complex stance—publicly anti-Bitcoin but strategically engaged with it behind the scenes.

Dollar-pegged Stablecoins can led to US Dominance, says Ming Zhang from CPI

​Stablecoins have been experiencing significant developments recently with the market cap surpassing $230 Bn on 21 March. As per the data from DefiLlama, the current total market cap of stablecoins currently stands at $230.45 billion, and this is 56% more compared to the previous year for the same time period.

The US Senate Banking Committee has also passed bipartisan legislation, GENIUS Act, establishing a regulatory framework for stablecoins, and signaling a shift toward integrating digital assets into traditional finance.

Among the three digital currencies, the one that may have a significant impact on the international financial system is actually the stablecoin. The US dollar stablecoin not only strengthens the connection between the traditional currency circulation domain and the virtual world currency circulation domain, but also fills the gap in the demand for US dollars by households and enterprises in some developing countries.

Therefore, this digital currency is likely to strengthen the international currency status of the US dollar in the international financial system. Once the US dollar stablecoin links the international credit of the US dollar with the application scenarios of the virtual world more closely, it may greatly consolidate the hegemony of the US dollar.

He suggests promote the construction of China’s stable currency. Expand the use of digital tokens on Internet platforms and better combine the sovereign credit of RMB with the global application scenarios of Chinese platforms.

Notably, in response to the global proliferation of U.S. dollar-pegged stablecoins, Chinese authorities are accelerating the development and expansion of the digital yuan (e-CNY) to maintain financial sovereignty and counter the influence of these foreign digital currencies. ​

Ming asks China to take further steps in strengthening digital currency

China’s central bank digital currency (CBDC), known as the Digital Yuan (e-CNY), is one of the most advanced and widely tested CBDCs globally. The People’s Bank of China (PBOC) has been developing and piloting it since 2014, aiming to modernize the financial system, reduce reliance on cash, and counter the dominance of private payment platforms like Alipay and WeChat Pay.

Ming believes that the central bank’s digital currency is actually a sovereign currency in the virtual world since it has a stronger reputation and lower risks, but it ultimately depends on the competitiveness of the country’s real currency.

At present, there are three development directions of digital currency in the world: cryptocurrency, stablecoins and central bank digital currency, each with its own advantages and disadvantages, development prospects and application directions. It is best not to bet on only one side, but to take a three-pronged approach and bet at the same time to maximize the dividends of digital currency or digital asset development.

On the one hand, the replacement range of digital RMB should be expanded from M0 (cash) to M1 (cash plus demand deposits) and even M2 (cash plus all deposits) as soon as possible. Only by upgrading the replacement range of digital RMB from M0 to M1 or even M2 can the application scenarios of digital RMB be fully expanded, the use of digital RMB at home and abroad can be promoted, and the internationalization of RMB can be promoted.

The flourishing of various digital currencies is naturally better than the U.S. dollar monopolizing the development track of digital currencies. e-SDR can expand the use of supranational reserve currencies in the digital field and virtual space, and also help promote the diversification of the international monetary system.

Note: All the mentioned opinions of Ming Zhang are sourced from a recent article authored by him for StudyTimes, the official publication of the Central Party School (CPS) of the Communist Party of China (CPC).

The post Stablecoins Can Boost US Dominance, While Bitcoin Remains Too Volatile: China CPI’s Ming Zhang appeared first on CoinGape.

PancakeSwap price has led the broader market gains this Saturday, soaring nearly 10% amid renewed market interest. The protocol’s trading volume in the past 24 hours topped $2.5 billion, overtaking Uniswap and securing the pole position in terms of trading volume on DEXs. Notably, this market upswing is fueled by the recent BSC meme frenzy, per DeFiLlama statistics.

PancakeSwap Price Soars As Trading Volume Tops $2.5B; Here’s Everything

According to DeFiLlama data on March 22, PancakeSwap was the top DEX in terms of intraday trading volume, boasting $2.542 billion. This massive volume is more than double the second-largest DEX Uniswap, per on-chain statistics.

The weekly trading volume for the same came in at $15.46 billion, up 73% in the last seven days. Overall, the massive boost in volumes is attributed to the BSC meme frenzy, according to Wu Blockchain on X.

In the interim, CoinGape found that DeFiLlama’s intraday data also underscored rising volumes due to BNB Chain projects. Currently, PancakeSwap is the only DEX with a weekly trading volume of more than 10 billion, underlining a milestone feat and price gains. In an upshot, the DEX’s native coin witnessed an upswing of nearly 10%.

CAKE Price Overview

PancakeSwap coin’s price witnessed gains worth 10% intraday and exchanged hands at $2.62. The crypto bottomed and peaked at $2.36 and $2.83 in the past 24 hours.

Market participants also appear to be optimistic about price movements, as indicated by the native coin’s intraday trading volume surge of 86% to $483.18 million. As mentioned above, this bullish action reflects rising market interest in the asset, escorted by burgeoning volumes.

Derivatives Market Adds Market Optimism

On the other hand, the derivatives market also saw a substantial money influx, offering market support to the DEX project. CAKE futures OI gained nearly 15% over the day, reaching $85.36 million. Also, the derivatives volume rose by 146% to $867 million today. This data signaled heightened market interest in PancakeSwap price actions.

Altogether, on-chain and market data collectively indicate a highly bullish sentiment for the token prevailing among traders and investors. This optimism is primarily dominated by BSC meme frenzy, potentially corresponding to the recent rise of meme coins like MUBARAK and BabyDoge Coin, among others.

The post PancakeSwap Price Rallies As Trading Volume Tops $2.5B; What’s Happening? appeared first on CoinGape.

Despite a long downtrend, XRP gained a significant rally in late 2024 and early 2025. However, since then, the Ripple token has been in turmoil. With that, many experts have been questioning the hype around this altcoin as its price performance and other metrics are questionable. One researcher even called it the biggest financial scam due to its low trading volume, but Ripple CTO bets differently. What’s happening? Let’s discuss.

Researcher Claims XRP is the Biggest Scam

Aylo, an alpha please researcher, has questioned the hype around the Ripple token, claiming that this is the biggest scam. In a recent X post, Aylo pointed out the XRPL’s decentralized exchange volume, arguing that it has only $44,000 in volume despite its high demand.

With a snapshot from the DeFiLlama, he questions why such a top crypto with a high market capitalization has such a low volume. His remarks about the ‘biggest scam’ on crypto, which was announced to be part of the U.S. Strategic Crypto Reserve, triggered discussion among the community.

However, things got shorted as Ripple CTO David Schwartz came in support of the altcoin, along with a few other analysts presenting a different picture.

Ripple CTO Discards Researcher’s XRP Allegation

As the allegation led to a major discussion among the community, Ripple’s CTO corrected the researcher. With a comment on Aylo’s post, he clarified that the mentioned data represented only the Automated Market Makers (AMMs) on the XRPL.

Notably, the AMMs account for just a minor portion of any network usage; Aylo’s allegation ended. David Schwartz also clarified that the suggested volume does not reflect the potential and utility of the Ripple token.

I can’t find the exact page you’re looking at, but I bet that’s just looking at AMMs on XRPL, a miniscule fraction of what people use XRP for.

Additionally, Vet, a dUNL validator, supports the Ripple CTO’s claims by presenting the correct volume figures. According to Vet’s stats, the actual 24-hour decentralized exchange volume on the XRPL is nearly $9M, which is not what the researcher claimed.

More importantly, he called it the right opportunity for the market participants to leverage XRPL’s growth in the DeFi ecosystem. He claimed that a low DEX volume is the opportunity due to minimal participation.

How is XRP Performing Today, and What’s Next?

Despite the researcher’s scam allegation on the Ripple token, global investors still see it as a potential opportunity due to better updates from the SEC vs Ripple case, Donald Trump’s crypto reserve formation, and probable ETF launch this year. 

XRP currently trades at $2.37 with a market capitalization of $138.2B, making it the fourth biggest crypto after Bitcoin, Ethereum, and Tether. At present, its performance is significantly down amid the broader market correction. However, significant rallies with a shift in market sentiments are expected.

The post Why a Researcher Called XRP a “Biggest Scam” and Here’s How Ripple CTO Defended It? appeared first on CoinGape.

Spot Bitcoin ETFs in the United States have once again gained momentum recording six consecutive days of inflows. This week, the net inflows surged to $785 million with BlackRock’s IBIT and Fidelity’s FBTC playing a crucial role. Market analysts are hopeful that these institutional inflows could push BTC price to $90K and further.

Bitcoin ETF Inflows Surge Sharply

After the first two consecutive weeks of outflows in March 2025, spot Bitcoin ETFs recorded inflows for the past six consecutive trading sessions. This shows that institutional interest in Bitcoin has been picking up once again as BTC price continues to flirt around $83,000 levels.

As per the data from Farside Investors, the BTC ETFs saw inflows of $755 million over the past week. Of these BlackRock’s iShares Bitcoin Trust (IBIT) alone contributed $486 million. Other players like Fidelity’s FBTC clocked $70 million of inflows while Ark Invest’s ARKB saw just over $100 million inflows during this period.

Institutional Demand for BTC on the Rise

As seen with spot Bitcoin ETFs, the institutional demand for Bitcoin has been rising pretty fast. On-chain data shows that the demand for BTC has reached the highest levels since the collapse of the FTX exchange.

According to recent data, new investors have accumulated 172,705 BTC since February 23, highlighting renewed interest and confidence in the cryptocurrency market.

Crypto analyst Trader T has highlighted the potential for significant inflows into Bitcoin from U.S. pension funds and Target Date Funds (TDFs). Citing data from Grok, the analyst believes that $103–122 billion could enter the US equity market from these sources.

According to Trader T, there could be a plausible allocation of 5–10% of this amount to alternative asset classes, such as Bitcoin. Thus, it could result in a $1–2 billion inflow into the leading cryptocurrency.

BTC Price Surge to $90K Soon?

Over the past week, the BTC price volatility has dropped while Bitcoin ETF inflows have continued. Bitcoin has flirted around $83,000 recently with analysts expecting a potential breakout above $84,000 soon.

Popular crypto analyst Altcoin Sherpa stated that he expects BTC to surge to $90,000 before making any other significant move. “It could go to 75k eventually, sure, but I think it’d go to 89-90k before that time. Basically, we’re headed to 90k minimum IMO,” he wrote. Some market analysts predict the Bitcoin price rally to further continue to $114K.

The post Spot Bitcoin ETF Inflows Hit $785 Million This Week, $90K BTC Price Soon? appeared first on CoinGape.

XRP news: the ongoing rivalry between Bitcoin maximalists and the Ripple community has escalated, fueled by perceptions that the Trump government favors Bitcoin.

Notably, President Donald Trump’s pledge to transform the United States into a crypto capital has sparked intense debate, particularly regarding the government’s favoritism towards Bitcoin. Reflecting on the matter, XRP lawyer Bill Morgan has expressed concerns that the administration’s apparent preference for Bitcoin may hinder its goal of leading crypto innovation.

XRP News: How Will Trump Government’s Bitcoin Preference Affect US Goal?

Despite the enthusiasm surrounding President Donald Trump’s crypto objectives and pledges, there’s growing uncertainty about his plans’ limitations and potential drawbacks. While Trump vows to turn America into a crypto capital, XRP lawyer Bill Morgan raises concerns over the government’s preference for Bitcoin over other cryptocurrencies.

In response to key administrative officials’ increasing promotion of Bitcoin, Bill Morgan stated,
“The new Administration claims to be all about making the USA the leader of innovation and crypto, yet all we hear about from the people involved is bitcoin, bitcoin, bitcoin.”

Trump Government’s Bitcoin Favoritism Compromises Crypto Innovation

As highlighted by the XRP lawyer Bill Morgan, the US government’s goal of transforming America into a crypto capital is at risk due to the administration’s lean towards Bitcoin. This bias could stifle innovation in other areas of the crypto space, ultimately undermining the administration’s goal.

Experts argue that Bitcoin maximalism overlooks the potential of altcoins and other blockchain innovations, such as smart contracts and decentralized finance (DeFi). This narrow focus might lead to missed opportunities for growth and adoption in the broader blockchain ecosystem.

Balance Between Bitcoin Promotion and Crypto Growth

In a recent post, XRP lawyer Bill Morgan shared a thought-provoking question he posed to GROK, sparking an in-depth response. The question read,

Is there a serious risk that despite the stated objective of the current US administration of leading crypto innovation that the administration is giving such a preference to bitcoin that American leadership of crypto innovation will be compromised.

Surprisingly, he received a nuanced answer that highlighted the delicate balance between promoting Bitcoin and nurturing the broader crypto ecosystem. The response noted that the US administration’s preference for Bitcoin might strengthen one pillar of crypto leadership, though it’s not yet clear if it compromises the foundation as a whole.

However, the platform added that if Bitcoin becomes an overriding obsession, the US might dominate a single lane while losing the race in others.

Recently, Bill Morgan emphasized XRP’s positive track in response to SEC’s decision to drop the lawsuit, defying the bearish market trends of Bitcoin.

Bitcoin vs XRP: The Rivalry continues

The long-standing rivalry between XRP supporters and Bitcoin maxis continues. Donald Trump’s plans for a US crypto reserve, which would include XRP and other altcoins alongside Bitcoin, have sparked a heated debate.

Bitcoin maxi Samson Mow highlighted the significance of a Bitcoin reserve, hailing it a game-changer. While critics like Peter Schiff questioned the government’s decision to add XRP to the reserve, Cardano founder Charles Hoskinson appreciated Trump’s decision.

Meanwhile, it’s also worth mentioning that Ripple’s XRP traded at $2.38, up nearly 1% intraday. The coin hit a low and a peak of $2.36 and $2.41 in the past 24 hours.

The post XRP News: Lawyer Questions Donald Trump Government’s Lean Towards Bitcoin appeared first on CoinGape.

As Pi Network price struggles to maintain stability, the cryptocurrency has recently seen a significant drop. In just one day, Pi Coin lost 20% of its value, falling below the crucial $1 support level. The coin currently sits at $0.90, reflecting a more than 40% decline over the past week.

This steep price drop is linked to growing skepticism among investors, compounded by mounting allegations of scams and fraud. The overall sentiment in the market has worsened, resulting in the recent downturn. Despite these challenges, Pi Coin saw a slight recovery, with a 7% increase in its value during the latest trading hours.

Pi Network Price Crashed Below $1 Amid Scam Allegations, Is ATH Still Possible for Pi Coin?

The price of Pi Network coins experienced a severe decline as it dropped from $3.00 to $0.87, resulting in a 67% value depreciation within a brief timeframe. Many members within the community intensified their debates to label the Pi Network as both a scam and fraudulent activity after its steep price drop.

Critics assert that the system operates unjustly based on their observations of an ongoing negative pattern even after societal attempts to “buy the dip.”

Since its ATH was achieved twenty-four days ago the digital coin has displayed gradual depreciation. Many Pi Network supporters doubt if the coin will return to its previous peak levels as they view its current downward trajectory with skepticism.

Despite repeated criticism there still exist people who anticipate the system may eventually recover. The Pi Network has become popular and anticipates its forthcoming exchange listing at Binance that would boost its status. PI Coin recently recovered strongly when it jumped above 60 percent from its all-time price low during the previous month.

The path toward reaching a fresh all-time high remains obscure. Many investors show hesitation because of steady price volatility and increasing doubts within the crypto community. 

The vague path ahead makes investors reluctant to add more money to the coin since its uncertain trajectory scares them away from more losses.

For Pi Scam network, Cheating and Scamming system

Pi to the moon of shit from 3$ to 1.70$ to 0.87$ and still down more and more if you buy the Dip that will be more Dip no end of the Dip, what the hell of this coin, fuckin fake, cheating and 1000% SCAM shit Coin pic.twitter.com/i0jQ0DFNze

— John Vichet (@Vichet1984) March 21, 2025

Is PI Coin Ready for a Bullish Reversal?

The PI Coin price stabilized at $0.997 following a 7% recovery from its recent market low. The coin experienced a substantial downtrend before it reached various support points, resulting in its latest price move.

The crypto market is still struggling to recover, with BTC hovering above $84k and ETH price trading around $1,980. The other top coins are moving in sideways trend, with both bearish and bullish in play.

The point of resistance for PI Coin currently stands at $1.1934 because this figure serves as an essential barrier that affects all upward price movements. 

The price can advance to $1.4280 after breaking through successful resistance at $1.1934. The coin encounters decreasing resistance levels that might hinder its ability to accomplish gains at this time.

The recent downward of PI Coin price prediction caused it to fall beneath the $0.8588 value, confirming a sustained negative trend. 

The price will move toward the $0.6900 support area unless it manages to rise above current levels. Additional price reductions would push the market value towards the $0.6479 support zone before it possibly reaches the $0.6020 and $0.5700 support levels.

To sum up, despite minor improvements from its bottom point the future of Pi Coin remains unclear for investors. Investors doubt whether Pi Coin will once again achieve new peak values due to market volatility alongside scam accusations.

The post Pi Network Price Falls Below $1 Support Amid Scam Allegations, Can Pi Coin Hit ATH Again? appeared first on CoinGape.

Ethena price remains concerningly eyed by crypto market participants against the backdrop of a severe bearish trajectory. ENA erased nearly 4% in the past 24 hours, in sync with a renowned market maker dumping over $10 million worth of tokens. Thus, traders and investors anticipate additional short-term volatility in the coin, whilst it recently faced rejection at a key resistance of $0.48.

Ethena Price Gains Bearish Momentum; Here’s Why

On-chain data from Arkham Intelligence on March 22 signaled that market maker Amber Group deposited $10.35 million worth of ENA to Binance. Out of the deposits, $2.5 million worth of tokens were acquired from the same crypto exchange two weeks ago. This accumulation took place at an average price of $0.3979.

On the other hand, Amber Group received $7.85 million worth of coins from the Ethena Claim address. These tokens were received between April 2024 and July 2024.

For context, the market maker’s massive dump to Binance impacts a crypto’s supply dynamics. In turn, market participants expect short-term volatility in price. However, speculations of a bolstered movement also prevail as this endeavor will increase liquidity and trading volumes, thereby magnetizing investors.

Ethena Token Unlocks: Another Vital Barrier For Price?

Simultaneously, ENA tokenomics faces additional heat amid massive token unlocks recorded this month. Notably, Cryptorank’s data flagged 2.06 billion coins, worth 13.9% of the total supply, unlocked on March 5.

Meanwhile, 94.19 million coins, worth 0.63% of the asset’s total supply, were unlocked on March 2. These unlocks substantially increase the asset’s market supply, negatively impacting demand and price sentiments.

Another massive unlock of 94.19 million coins is set to occur on April 2. Further, 171.85 million tokens will be unlocked on April 5. As a result, traders and investors reflect highly concerning sentiments surrounding Ethena price action ahead as the supply inflates.

How Is The Crypto Delivering As The Month Ends?

At the time of reporting, Ethena price crashed nearly 4% and exchanged hands at $0.3581. The coin bottomed and peaked at $0.3497 and $0.3763 in the past 24 hours. Notably, the waning price action comes in sync with Amber Group’s massive dump to the top crypto exchange.

Whereas, the weekly and monthly charts show a dip of 1% and 11%, respectively. The broader slumping action falls in line with the massive token unlocks mentioned above.

Renowned market trader and analyst Sjuul/AltCryptoGems took to X, revealing that ENA again faced crucial resistance at $0.48, slamming the chances for a pump ahead. “If bulls fail to defend this demand, it would be a pretty bad sign,” the analyst concluded amid bearish dynamics taking over.

Additionally, an Ethena price prediction by CoinGape indicated that the crypto’s 3-month bias indicator is tilting in favor of bears. This has further pushed traders and investors to take a cautious trading approach on the token.

On the other hand, it’s also worth mentioning that Ethena Labs and Securitize unveiled plans to launch Converge, a blockchain tailor-made for DeFi and tokenized assets. Nevertheless, traders and investors expect diminished market interest in the asset due to broader dynamics.

The post Is Ethena Price At Risk? Market Maker Offloads $10M ENA Raising Concerns appeared first on CoinGape.

Shiba Inu price has experienced significant volatility over the past week but has successfully held above the critical $0.0000125 support level. Large-volume transactions and an increasing SHIB burn rate are emerging as potential catalysts for upward momentum. Technical indicators suggest that a breakout could drive an 81% rally for the second-largest meme coin.

Shiba Inu Price Breakout Can Trigger 81% Upside

Shiba Inu price is showing signs of a potential bullish reversal as it breaks out of a falling wedge pattern on the daily timeframe. The daily chart shows SHIB trading within a descending channel that has been in place since December 2024, with the price recently testing the upper boundary of this channel. The cryptocurrency reached a high of $0.00001303 and a low of $0.00001293 during this period as shown in the below image.

As shown in the above image, a breakout from this descending channel can trigger the next SHIB bull rally with a potential target of 81% on the upside. Some market analysts are also predicting a 17x Shiba Inu rally from here onwards.

Shiba Inu Transaction Volumes on the Rise

With the Shiba Inu price staging a rebound to $0.00001367 yesterday, the network has witnessed a large transaction volume for the same. On-chain data from IntoTheBlock revealed a significant spike in large Shiba Inu transactions, each valued at $100,000 or more, on March 20.

This coincided with the SHIB price seeing a surge past $0.000013 levels for the first time in a week. The total volume of these transactions rose to 7.49 trillion SHIB, valued at over $97 million at the $0.000013 price point. Thus, it shows a massive 197% jump from the 2.52 trillion SHIB traded the previous day.

Over the last weekend, the SHIB transactions dropped to a low of 571 billion. However, whale activity has resumed once again showing potential interest from big players. The latest spike of 7.49 trillion SHIB marks the highest transaction volume in nearly two months.

SHIB Burn Rate on the Rise

As per the data from SHIBBurn, the overall Shiba Inu burn rate has surged by 21% in the last 24 hours, now moving past $17.1 million. Over the past week, we have seen a strong surge in the SHIB burn rate thereby raising overall market optimism surrounding the meme coin.

Following the latest burn event, the total number of Shiba Inu tokens permanently removed from circulation has climbed to 410,745,403,545,103. This brings the circulating supply down to approximately 589,254,596,454,896 tokens.

The post Shiba Inu Price Targets 81% Upside With Rising SHIB Burn Rate appeared first on CoinGape.