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Pi Coin, the digital currency of Pi Network, has officially launched its Mainnet and been listed on several major exchanges, including OKX and Bitget, among others. Following the launch, Pi Coin’s price surged to $1.4, with some platforms seeing an all-time high of over $2. However, the price has recently dropped, hovering around $1.18, after a 30% crash. The Pi Network Mainnet launch marks a significant milestone for the project, which has been in development for six years. Users who completed their KYC process can now migrate their Pi coins to the Mainnet and use them for transactions, business payments, and other applications within the Pi ecosystem. Despite initial high expectations for Pi Coin’s value—ranging from $100 to $500—many predictions have fallen short. The coin’s value, while lower than anticipated, still represents a big achievement for holders, as those who accumulated coins during the network’s test phase can now exchange them for real value.$PI

TL;DR Donald Trump’s endorsement of Ripple on Truth Social, where he shared articles about the company’s US expansion, has fueled speculation within the XRP community about a potential price surge. Ripple CEO Brad Garlinghouse’s meeting with Trump at Mar-a-Lago and rumored role in his crypto advisory council highlight the administration’s increasing engagement with the digital asset sector. Trump’s Potential Support The election of Donald Trump as America’s 47th President was considered a huge win for the cryptocurrency community, given his favorable stance on the sector shown during his presidential campaign. The Republican also made several promises to let the industry thrive and pledged to make the US the crypto capital of the world. Upon reassuming office on January 20, he took key steps to stick to his word. On January 23, 2025, the politician signed an executive order titled “Strengthening American Leadership in Digital Financial Technology,” which supports the growth and use of digital assets and blockchain technology across all sectors of the economy. The order also prohibits federal agencies from “undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.” Trump’s presidential victory and the hype surrounding his inauguration were among the main factors fueling the crypto market’s bull run in late 2024 and early 2025, as Ripple’s CEO, Brad Garlinghouse, noted. Last month, the exec said the company had shifted its focus once again toward its homeland – the USA – following the Republican’s triumph. “75% of Ripple’s open roles are now US-based, while over the last 4 years, the vast majority of hires were outside the US. We signed more US deals in the last six weeks of 2024 (since the election) than the previous six months,” Garlinghouse stated. Several hours ago, Trump shared two articles revealing Ripple’s recent development in America on his social media platform Truth Social. His endorsement sparked major speculation across the XRP community, with some expecting this to catalyze a price explosion for the asset. Others, like XRPcryptowolf, called the market “irrational” because it did not move simultaneously after the interaction. Garlinghouse and Trump Ripple’s CEO and the American president have already broken the ice between each other. In January, they had a dinner meeting at Trump’s Mar-a-Lago estate. A month later, Garlinghouse was rumored to be a top contender for the Republican’s cryptocurrency advisory council. The group’s main role will be to create a comprehensive regulatory framework for the cryptocurrency sector and work closely with Trump and David Sacks (whom the president tapped to serve as cryptocurrency and AI “czar”). The post Did Donald Trump Endorse Ripple (XRP)? The Crypto Community Reacts appeared first on CryptoPotato.

Why Pioneers why ? Waited for six years and greedy now ? Thats no fair.

Why Pioneers why ? Waited for six years and greedy now ?

An analyst for the market intelligence platform CryptoQuant has predicted that bitcoin (BTC) could experience the “sell in May effect” in the coming months, even as the bull cycle remains unfinished. According to the report by Oinonen, BTC is expected to have a sideways summer and experience elevated price levels by the last quarter of the year following the sell in May effect. The Sell in May Effect The sell in May effect is a concept that refers to the seasonality of traditional finance. The saying is based on the idea that stock market returns are often higher from November to April compared to May through October. The investment strategy dates back centuries and suggests that stocks perform weaker from May to October; hence, investors should sell their holdings around May and reinvest around October. The adage dates back centuries and postulates that the best six months of the year for stocks are recorded from November through April, suggesting that investors should sell in May and wait until October to buy again. While this saying has applied to the stock market majorly, a 2024 report by the cryptocurrency research firm K33 revealed that buying BTC in October and selling in April has accrued cumulative returns of 1,449% between 2019 and 2023, while buying in May and selling in September has recorded a negative return of -29% over the same period. Bitcoin Still Has More Upside In line with the postulation of the sell-in-May effect, Oinonen insisted that BTC will see a rally in price by the last quarter of the year. The market has seen a repeat of the positive Q4 seasonality in 2013, 2016, 2017, 2020, 2021, 2023, and 2024. Also, the CryptoQuant analyst noted that BTC may not experience a deeper price correction in multiple months or even a year. However, macro events and geopolitical tensions could significantly affect risk-on assets, including the leading cryptocurrency. Meanwhile, Oinonen explained that BTC is currently consolidating around the $97,000 level after reaching an all-time high of $109,000 in January. The possibility of a technical correction still lingers, but the halving cycle is far from over. Compared to the previous such cycle, where BTC surged 686% between May 11, 2020, and November 8, 2021, the cryptocurrency has only climbed 63% since the latest halving on April 20, 2024. Oinonen said Bitcoin’s power-law model and law of diminishing returns suggest moderate price performance in the future; however, the 63% rally indicates plenty of upside and an unfinished cycle. The post Bitcoin to See ‘Sell in May Effect’ in Coming Months: CryptoQuant appeared first on CryptoPotato.