Pi Network’s Next Step: XRP Hits 3-Year High, ADA Rockets 130%
More from the Author Cal Evans
Pi Network is nearing its Open Network phase, requiring only one million more KYC verifications before the November 30 deadline, with a December roadmap expected to reveal token trading plans.
Meanwhile, Ripple’s XRP and Cardano’s ADA have seen significant price surges, with analysts predicting continued growth fueled by strong fundamentals and bullish market momentum.
The cryptocurrency space is abuzz with exciting developments. From Pi Network nearing a pivotal phase to Ripple (XRP) and Cardano (ADA) setting the stage for more gains, here’s what’s making waves in the market.
Pi Network Inches Closer to Open Network Launch
Pi Network, the mobile-first cryptocurrency project, is on the verge of a significant milestone. Launched in 2019 on Pi Day (March 14), this unique platform enables users to mine cryptocurrency directly from their smartphones. However, its open mainnet and native token have yet to launch, making it a topic of both intrigue and skepticism.
Earlier this year, the Pi Core Team set a target: 15 million Know-Your-Customer (KYC) verifications before transitioning to its Open Network phase. With only one million KYC verifications remaining, and a deadline of November 30, anticipation is at an all-time high. The upcoming “Grace Period” completion could set the stage for December’s roadmap reveal, potentially paving the way for official Pi token trading.
Ripple’s XRP Hits a Three-Year High
Ripple’s XRP has been the standout performer in recent days, surging 83% over the past week. It climbed to a three-year high of $1.20 on November 16 before settling around $1.11. Analysts see more short-term potential, with predictions ranging from $1.50 to $1.96.
The bullish sentiment is driven by technical indicators and market momentum, with some experts speculating a potential all-time high of nearly $4 in the longer term. For XRP holders, this is a moment to watch closely.
Cardano’s ADA: A Rising Star
Cardano’s ADA has also captured attention, posting a remarkable 130% increase in just two weeks to reach $0.75. Analysts predict the rally will continue, with some forecasting it will surpass $1 in the near term.
Factors fueling ADA’s rise include robust network fundamentals and no imminent token unlocks, which typically flood the market with new supply and depress prices. Enthusiasts believe ADA’s ecosystem strength and security metrics, like its high Minimum Attack Vector (MAV), will sustain its upward momentum.
The Road Ahead
The final weeks of 2024 could be pivotal for these projects. Pi Network’s December roadmap update might finally lift the veil on its potential, while Ripple and Cardano’s bullish trajectories hint at continued investor optimism. For crypto enthusiasts, this trio offers plenty to watch and perhaps invest in as the market continues to evolve.
Stay tuned as these projects unfold their next chapters—there could be opportunities worth exploring.
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