Pi Network (PI) has pulled back 6% in the past 24 hours, but surging trading volume — over $100 million — suggests growing interest, not weakness. The dip below the $0.60 support could signal a shakeout before a stronger move, as heavy activity points to renewed positioning by traders. Here’s the upcoming Mainnet migration work based on the network’s priorities. Learn more at https://t.co/fFqpZcgA8M pic.twitter.com/GWaFgRIj1g — Pi Network (@PiCoreTeam) April 22, 2025 This marks a notable shift in sentiment, as trading volume had been steadily declining — hitting a monthly low of $60 million — before suddenly surging. Many traders saw this lull as a sign that Pi may have reached a local bottom. Since the launch of its public mainnet, PI has dropped 80.6% from its all-time high of $2.98 , with much of the pressure linked to the network’s strict KYC requirements — a barrier for investors wanting to withdraw their tokens. Adding to the skepticism, major CEXs like Binance and Coinbase have yet to list PI, citing concerns around KYB procedures and ongoing allegations of fraud tied to the project. Still, with over $100 million in daily volume , the question now is whether this rebound in activity could mark the start of a recovery — and if PI has a shot at reclaiming $1 in the weeks ahead. PI Needs to Recapture the $0.6170 Level to Climb Back to $1 Looking at the hourly chart, the price rejected a move above the $0.6170 level on Monday. This had been a key area of support previously and has now become resistance. However, the Relative Strength Index (RSI) has already entered oversold levels, which means that the sell-off may have gone too far. The price tried to bounce during the Asian session but was met with an equally strong downward pressure right after. The $0.5700 support seems to be the key level to watch as the session progresses. Trading volumes at these lows have been strong, meaning that the odds favor the continuation of the downtrend for PI. For PI to recover to $1 it would have to first break above the $0.6170 level. As momentum indicators have reached extreme levels, this could happen in the near term. However, a strong indication that the token is ready to reverse its downtrend would be a bullish crossover between the 200-hour EMA and the 21-hour EMA. As PI struggles to regain momentum, top crypto presales like MIND of Pepe (MIND) are thriving — with the project now approaching $9 million raised since its launch in January. MIND of Pepe (MIND) Set to Dominate Social Media with AI-Powered Influence MIND of Pepe (MIND) is an AI agent token designed to engage massive online audiences, spark viral discussions, and deliver real-time insights exclusively for its community of holders. As MIND of Pepe interacts with high-profile accounts across social media platforms like X, it will gather vital information that it will then pass on to $MIND holders so they can take advantage of the most attractive opportunities in the market. In addition, the AI agent will have the power to launch and promote its own meme coins — tapping into trending topics and capturing viral attention in real time. Right now, $MIND is available at a discounted presale price of $0.0037465 , giving early buyers a prime opportunity to secure maximum upside before the token lists on exchanges and the AI agent goes live. To buy $MIND, simply head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH or use a bank card to make your investment. The post Pi Network Price Prediction: Why a Move Toward $1 May Be Closer Than You Think appeared first on Cryptonews .
FARTCOIN has swiftly surged, breaking through key barriers and catching the market's eye. As this digital token climbs, the question arises whether Pepe , another notable cryptocurrency, can mirror this explosive growth. Dive into the analysis of these coins and discover which ones are set to soar next. Fartcoin Surge: Dynamic Momentum with Clear Trading Ranges Fartcoin experienced a robust surge over the past month with a 157.22% jump, while the six-month change of 4.42% shows a more tempered long-term movement. Price performance was volatile in the short term, reflecting heightened investor activity and acute market reactions that gradually faded over a longer period. The rapid monthly gain indicates a burst of interest amid a more conservative six-month backdrop. Fartcoin now trades between $0.22 and $0.67, with key resistance levels at $0.88 and $1.33 and support near $0. Weekly gains of 15.52% and an RSI close to 63 suggest bullish conditions. The trend appears range-bound, providing trading opportunities by buying near support and targeting a break above resistance. Pepe Price Surge: Strong Short-Term Gains and Key Levels Over the last month, Pepe experienced a significant rise with a 21.83% gain, boosted further by a 13.56% jump in just one week. Over the past six months, performance dipped by 9.02%, reflecting overall volatility. The coin has shown rapid short-term recoveries despite a challenging longer-term backdrop. The current price trades between $0.0000052 and $0.0000092 with key resistance at $0.0000112 and crucial support at $0.0000032. RSI at 61.05 and positive momentum indicators hint at bullish pressure, though a clear trend remains elusive. Traders could consider strategic entries near support and exits at resistance to capitalize on current moves. Conclusion FARTCOIN 's recent surge past key levels shows strong momentum. If PEPE can attract similar interest and buyer enthusiasm, it might also break through its current barriers. Keeping an eye on market trends and investor sentiment will be crucial for both coins. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
According to a recent COINOTAG News Update on April 29th, Binance Wallet addressed concerns regarding unsuccessful Alpha token transactions. The team clarified that the elevated failure rate of KMNO token
US President Donald Trump has been widely talked about for his Bitcoin and cryptocurrency steps since he officially took office in January. Among his most notable moves to date, Trump’s launch of his own memecoin, TRUMP, and signing an executive order for the US Strategic Bitcoin (BTC) reserve on March 7 have been the most notable. Trump also created an internal working group to focus on making the US the “world capital of crypto” through an executive order. The order also banned the “establishment, issuance, circulation and use” of a US central bank digital currency (CBDC). While Trump has made many decisions like this, the first 100 days of his presidency have brought unprecedented change to the crypto industry. Along with the change, the news that Trump will have dinner with the largest TRUMP memecoin holders has sparked criticism and controversy. Trump announced tariffs on all US trading partners on April 2, which he called “Liberation Day”, and bloodied Bitcoin and cryptocurrencies. Markets hit rock bottom after Trump's statements. The 100 Worst Days in History! Trump has been providing engagement in both directions, with former White House communications director Anthony Scaramucci claiming that Trump’s first 100 days have been the “worst in modern presidency” despite his cryptocurrency promises. Scaramucci said the trade war, which Trump first started with his tariff announcements, was a major political failure. Secondly, he said that the discussions around Trump's own token have negatively affected the industry and could jeopardize the industry's efforts to make changes in Congress. “I would say we've had the worst 95 days in modern presidential history. Markets have recovered a little bit, but $9 trillion is gone from the stock exchanges. You had a booming economy before, and now it's headed for a mid-size recession, probably a deep recession. Trump has inflamed everything so much that he has made it difficult for [stablecoin legislation – GENIUS] to even happen. Trump's tariff moves are not helping the US.” *This is not investment advice. Continue Reading: Huge Claim About Trump From Former White House Administrator! Despite Bitcoin (BTC) Promise, We Experienced the Worst in History!
Have you been keeping an eye on Bitcoin lately? On-chain analytics firm Glassnode recently dropped some interesting data that’s got the crypto community talking, particularly regarding the activity of short-term holders. It seems a key metric, the Hot Capital metric , just hit a significant level, potentially signaling a shift in market dynamics. Understanding the Hot Capital Metric Before diving into the implications, let’s break down what the Hot Capital metric actually is. According to Glassnode , this metric tracks the amount of BTC that has moved on-chain within two specific, short timeframes: Past 24 Hours: This captures very recent activity, often associated with rapid transfers, exchange deposits/withdrawals, or quick trades. Past 7 Days: This expands the view slightly to include movements over the last week, still focusing on coins that haven’t been dormant for long. Essentially, the Hot Capital metric gives us a snapshot of the value of Bitcoin that is actively changing hands or being moved across wallets in the very near term. A high value indicates a large amount of BTC is ‘hot’ – meaning it’s frequently on the move rather than being held long-term. Who Are These Short-Term Holders? The activity captured by the Hot Capital metric is primarily attributed to short-term holders (STHs). In on-chain analysis, STHs are typically defined as wallets that have held Bitcoin for less than 155 days. These market participants are often more reactive to price changes and market news compared to their long-term counterparts. They might be: Traders looking to profit from short-term volatility. New investors entering the market. Individuals moving funds for various reasons, but within a relatively short holding period. Their behavior is crucial because increased activity from this cohort can sometimes precede or coincide with periods of higher volatility or shifts in market sentiment. What Did Glassnode Report? On April 28th, Glassnode reported a notable surge in the Hot Capital metric . It reached a value of $39.1 billion. This wasn’t just a minor fluctuation; it was the highest level seen since February 10th. This specific data point is significant because it marks a level of short-term movement not observed in over two months. Here’s a simple comparison: Metric Value on April 28th Previous High (since Feb 10) Hot Capital metric $39.1 billion Level reached on Feb 10th The fact that the metric hasn’t hit this level since February 10th suggests that the level of recent BTC movement by short-term holders on April 28th was exceptionally high relative to the preceding weeks. Why Does This Spike Matter? Speculative Investors in Focus Glassnode ‘s interpretation of this spike is particularly insightful. They stated that the surge indicates “renewed activity from speculative investors.” This is a key takeaway. When the Hot Capital metric rises sharply, it often implies that participants with a shorter time horizon – those looking for quicker gains or reacting swiftly to market conditions – are becoming more active. Increased activity from speculative investors can signal several things: Increased Risk Appetite: Speculators are typically more willing to take on risk for potential short-term rewards. A rise in their activity might suggest growing confidence in the market’s near-term prospects, or perhaps an attempt to capitalize on anticipated price swings. Potential for Volatility: Higher levels of short-term trading activity can contribute to increased market volatility. Rapid buying and selling by speculators can amplify price movements in either direction. Market Sentiment Indicator: While not a direct measure of sentiment, a surge in the Hot Capital metric driven by speculators can reflect prevailing emotions like FOMO (Fear Of Missing Out) during upward trends or panic selling during downturns. The context around April 28th (what was Bitcoin ‘s price doing?) is crucial here for a full interpretation. Liquidity: More frequent movement of BTC by STHs can increase market liquidity, making it easier to buy and sell larger amounts without significantly impacting the price. Comparing April 28th and February 10th To fully appreciate the significance of the April 28th spike, it’s helpful to look at the market context around February 10th. What was happening with Bitcoin price and sentiment back then? Comparing the two periods can offer clues about the nature of the activity observed. Was February 10th also a period of significant price movement or market anticipation? Understanding the historical context helps analysts interpret whether the current spike represents a similar market phase or something new. Actionable Insights for Investors and Traders For those navigating the Bitcoin market, data from firms like Glassnode , particularly metrics like the Hot Capital metric , can provide valuable insights. While no single metric tells the whole story, here’s how you might use this information: Monitor for Volatility: A rising Hot Capital metric could be a heads-up that increased volatility might be on the horizon due to heightened speculative activity. Assess Market Strength: Is the price rising alongside the Hot Capital metric ? This could indicate that new capital (or rapidly moving capital) is flowing in, potentially supporting upward momentum, but also potentially making the rally more susceptible to quick reversals if speculators take profits. Consider Your Time Horizon: If you are a long-term investor, increased STH activity might be less relevant to your strategy, but it’s still useful context for understanding potential short-term price swings. Traders, however, might pay closer attention to capitalize on potential volatility. Combine with Other Metrics: Don’t rely solely on the Hot Capital metric . Look at other on-chain indicators (like exchange flows, dormancy flow, or STH supply) and traditional market indicators (like volume, technical patterns, and news) for a more complete picture. Are There Challenges or Limitations? Like any single metric, the Hot Capital metric has limitations. It shows *movement* but doesn’t always reveal the *reason* for the movement. While Glassnode attributes the spike to speculative investors, the movement could also include legitimate transfers, rebalancing by institutions, or other activities that aren’t purely speculative trading. Relying solely on this metric without considering the broader market context and other data points can lead to misinterpretations. The Bigger Picture for BTC and Short-Term Holders The interaction between short-term holders and the overall Bitcoin market structure is fascinating. STHs often buy near market tops and sell near market bottoms, acting as a counter-indicator for long-term cycles. However, during strong trends, their increased activity can also fuel momentum. The recent spike in the Hot Capital metric suggests that this cohort is actively participating, and understanding their behavior, guided by data from firms like Glassnode , is key to grasping the current market pulse for BTC . Conclusion: What Does the Hot Capital Spike Tell Us? The report from Glassnode highlighting the surge in Bitcoin ‘s Hot Capital metric to $39.1 billion on April 28th is a clear signal of heightened activity among short-term holders . Reaching a level not seen since February 10th, this spike is interpreted as renewed engagement from speculative investors. While this could inject liquidity and potentially fuel short-term price movements, it also points to increased market participation from a cohort known for reactivity, potentially increasing volatility. Keeping an eye on this metric, alongside others, provides valuable insight into the current sentiment and potential direction of the BTC market. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action.
TL;DR The token saw a sharp price increase after the DOJ called for a severe prison sentence for ex-Celsius CEO Alex Mashinsky, accusing him of years-long deception and financial misconduct. His court hearing is scheduled for May 8. CEL Reacts to the Request The native token of Celsius Network – CEL – has seen a steep decline in the past months, plunging below $0.06 earlier in April and later rising to around $0.08. Over the past 24 hours, though, it experienced an 80% price rally, climbing to a 12-week high of almost $0.18. It later lost some ground and currently trades at roughly $0.14 (per CoinGecko’s data), representing a 70% increase on a daily scale. CEL Price, Source: CoinGecko Despite the recent surge, it stands far away from the all-time high of over $8 observed in June 2021. Back then, the asset’s market capitalization neared $3.5 billion, while as of this writing it is at a mere $5.1 million. CEL’s latest upswing follows the US Department of Justice’s (DOJ) request for a 20-year prison sentence for former Celsius CEO Alex Mashinsky. The federal executive department of the American government described this as “just punishment for his years-long campaign of lies and self-dealing that left in its wake billions in losses and thousands of victimized customers.” The DOJ further argued that Mashinsky misrepresented how Celsius Network handled customer deposits, fabricated the entity’s profitability, and risked clients’ funds on uncollateralized loans and secret trades despite promising he wouldn’t. The condemnation continued with allegations that the former CEO manipulated the price of CEL by creating artificial demand, allowing him to profit by selling his personal stash of tokens at inflated values. “Mashinsky’s conduct made him rich at the expense of Celsius’s customers. When Celsius collapsed into bankruptcy, it wiped out the savings of ordinary retail investors who entrusted their cryptocurrency to the company based on Mashinsky’s lies,” the document reads. The sentencing of Celsius’s former boss is scheduled for May 8. He previously pled guilty to two counts of fraud: one count of commodities fraud and one of securities fraud. He admitted to making false claims about Celsius’s “Earn “ program, which misled investors into depositing their Bitcoin on the platform – earning him an estimated $48 million profit in the process. The Celsius Saga Celsius Network was once a prominent crypto lending platform. In the summer of 2022, though, the company halted customer withdrawals, swaps, and transfers due to “extreme market conditions, “ disclosing serious liquidity issues. Shortly after, the entity filed for Chapter 11 bankruptcy, revealing a $1.2 billion balance sheet hole and debts of $4.7 billion to users. The following investigations showed that former CEO Mashinsky supposedly misused customer funds and manipulated the price of CEL. He was arrested in July 2023 on multiple fraud charges and later released on a $40 million bond secured by his Manhattan residence. In November 2023, the New York Southern Bankruptcy Court approved a reorganization plan, enabling Celsius to exit bankruptcy. A major component of the program was the creation of a new Bitcoin mining entity, called Ionic Digital, which is owned by Celsius’s creditors. At the beginning of last year, the company started distributing more than $3 billion in cryptocurrency and fiat to affected users as part of its restructuring plan. By the end of August 2024, Celsius had handed out approximately 93% of the approved amount to over 250,000 creditors across 165 countries. A few months later, the company announced plans to distribute an additional $127 million to creditors. The post CEL Exploded 80% as US DOJ Seeks 20-Year Sentence for Celsius Founder Mashinsky appeared first on CryptoPotato .
After a two-month-long downfall, which saw the total market cap of the top meme coins fall from $116.6B to just $40B, the meme coin market is up and running again. It has gained a staggering 45% in market cap in around three weeks. The larger crypto market is green, too, with the granddaddy of all cryptocurrencies, Bitcoin, climbing over $95K. It’s now within touching distance of its all-time high of $109K. Moreover, last week, Bitcoin ETFs experienced their largest inflows ($3B) since December . Plus, according to a recent forecast by financial services company Standard Chartered, we could see $BTC touching $120K by Q2 2025 . Seeing as it’s only the beginning of what could be a long rally, now’s the best time to beef up your crypto portfolio with some trendy altcoins. To help you out, we’ve handpicked the best crypto to buy now . 1. OFFICIAL TRUMP ($TRUMP) – Best PolitiFi Meme Coin Pumping Hard Right Now There’s really no denying that Donald Trump has taken crypto to new heights. For instance, the massive rally in November was on the back of the promises he made in his presidential campaign to make the US more crypto-friendly. Trump indeed delivered on his promises, as we’re now seeing an unprecedented increase in government-level Bitcoin reserves worldwide. Large institutions like Strategy and BlackRock are also buying $BTC left, right, and center. So, it’s only fair that Donald Trump’s very own meme coin, $TRUMP, is strongly placed in the list of the top trending cryptos . $TRUMP has jumped over 50% in the last seven days , and more than 32% in the last month or so. It’s worth noting, however, that $TRUMP is still nowhere close to its full potential. Remember, it reached around $72 when it launched in late January. Another reason to be optimistic about $TRUMP’s future is the president’s direct interest in the project’s prosperity. For instance, he recently announced that the top 220 $TRUMP holders will be invited to dinner with him. 2. BTC Bull Token ($BTCBULL) – Best Bitcoin-Themed Coin Offering Free $BTC Airdrops It’s worth remembering that an enthusiastic meme coin market is often the result of the king cryptocurrency, i.e., Bitcoin, soaring to new heights. If you want to make the most of Bitcoin’s rise specifically, consider investing in BTC Bull Token ($BTCBULL) , the best Bitcoin-themed crypto on the market right now. While other coins offer more of their own tokens for free as part of their airdrops, $BTCBULL stands out by offering free (and real) $BTC in its airdrops. This is also how it has tied itself to Bitcoin’s success story. BTC Bull Token’s airdrops will take place every time $BTC crosses a new milestone, such as $150K, $200K, and $250K. Keep in mind that you’ll only be eligible for your share of free Bitcoins if you store your $BTCBULL tokens in Best Wallet . What’s more, the developers have also planned to follow a steady burn mechanism, which involves reducing the token’s total supply bit by bit at regular intervals. This is done to boost the token’s demand, trading volume, and ultimately its price. You can join the ‘Bull Army’ by joining the $BTCBULL presale for just $0.002485 per token. The project has raised over $5.1M so far. Want in? Here’s a full guide on how to buy $BTCBULL . 3. Jelly-My-Jelly ($JELLYJELLY) – Utility-Based Token Building Debut Solana L2 Jelly-My-Jelly is a meme coin on the Solana network created by Iqram Magdon-Ismail, the co-founder of Venmo, and Sam Lessin, a crypto investor. On paper, $JEELYJELLY has been touted as the crypto that grants holders early-bird access to the upcoming Jelly Jelly video-sharing app. The app will reportedly offer the fastest way to post bite-sized clips, known as ‘Jellies,’ from a video chat. However, the token’s current bull run is driven by community backing rather than anything else. Jelly-My-Jelly’s recent performance has been just as delicious as its name. It has rocketed 200% in the last seven days – from around $0.012 to $0.033. It’s currently flirting with its major resistance level of $0.40, the break of which could see it shoot to new highs and result in even more mind-boggling gains. 4. Solaxy ($SOLX) – Utility-Based Token Building Debut Solana L2 Solaxy ($SOLX) is unlike most other meme coins mentioned on this list. That’s because it’s a token with real utility and real-world application. Solaxy will build the first-ever Layer 2 scaling solution on Solana, which has been plagued with congestion and scalability issues ever since the launch of $TRUMP and $MELANIA on it. Meme coin developers prefer Solana because of its high speed and low fees. However, because the network is now experiencing an overload of meme coin traders and investors, it’s no longer as smooth a blockchain as it once was. Solaxy will solve this by processing a bunch of Solana’s transactions on a sidechain. By redirecting transaction requests away from the network’s mainnet, Solaxy will reduce the burden on Solana and restore its speed of executing transactions. Additionally, Solaxy will club several transaction requests and process them together, thereby reducing transaction costs and improving Solana’s affordability. Another reason Solaxy could be the next crypto to explode is its otherworldly presale performance. It has raised over $32.2M at the time of writing, and each token is available for just $0.001708. For more info, check out our guide on how to buy Solaxy . 5. ai16z ($AI16Z) – AI Agents Running a Venture Capital Firm for the Very First Time ai16z is the first-ever decentralized venture capital firm to use the inputs of AI agents for its decision-making. This unique AI-powered trading fund is based on the Solana blockchain. Unlike traditional venture capital firms that need a lot of time and manpower for research before investing, ai16z will bank on cutting-edge AI agents to collect and analyze data, including market sentiments. $AI16Z is already up 97% in the last seven days , but it has only just broken out of a descending resistance line. This means that there could be more gains in store, including a potential run to the $0.60 level, which would result in a nearly 200% upmove from its current price of $0.3021. Bottom Line Even though the current sentiment among crypto investors is positive, it’s worth remembering that crypto is one market where things, especially future outlooks, can change quickly. With that in mind, you must always invest cautiously, which includes only throwing in an amount you’re comfortable losing. Finally, kindly do your own research before investing. None of what we said above qualifies as professional financial advice.
According to data from Coinglass reported by COINOTAG on April 29th, the cryptocurrency market is closely watching Bitcoin’s price movement. If Bitcoin surpasses $96,000, we could see a significant short
XRP in focus as Ripple stablecoin smashes $300 million milestone
Monero (XMR) is experiencing significant volatility following a major Bitcoin heist, raising questions about its future price trajectory. This development is reshaping market dynamics and influencing investor sentiment significantly within