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CRYPTO SIGNAL SYMBOL: $GIGGLE TRADE SETUP: 1. ENTRY ZONE: $120-$130 2. TARGETS: - T1: $110 - T2: $100 - T3: $50 3. STOP LOSS: $140 This is a short sell signal. The current price is $125. Here is an image of the Giggle (GIGGLE) cryptocurrency coin with a red arrow pointing down, symbolizing the potential decline of the cryptocurrency.$GIGGLE {spot}(GIGGLEUSDT)
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Pi Network Mainnet Launch Today – Pi Coin Price to Crash After the Launch
The post Pi Network Mainnet Launch Today – Pi Coin Price To Crash After The Launch appeared first on Coinpedia Fintech News
After seven years of development, Tap To Earn Pi Network is finally set to launch its mainnet today at 8 AM UTC. However, fear is growing as Pi Coin has already plunged 55%, now trading around $30. This sudden drop has fueled speculation that the mainnet launch could lead to further bigger drop ahead.
Profit-Taking Opportunity for Early Miners
One of the biggest risks for Pi coin comes from early miners. These miners have accumulated Pi tokens at little to no cost, and are likely to view the mainnet launch as their first real opportunity to monetize their holdings.
For these individuals, selling a portion of their tokens could be a strategic move to lock in profits, especially if they believe the initial market price will be higher due to hype and speculation.
If a significant number of early miners decide to sell simultaneously, the market could experience a rapid increase in supply, potentially reducing the demand and this could lead to a sharp price decline.
Market Trends and Technical Indicators
Following the official announcement of the mainnet launch, the price of the Pi token jumped by almost 90%, climbing from $49 to $92. But this rise didn’t last long, as prices have fallen sharply since then.Meanwhile, technical signs also show that Pi’s price is struggling. The token recently fell below a key support level at $40, which had earlier helped keep the price stable. Additionally, the Relative Strength Index (RSI), which measures whether a token is overbought or oversold, recently entered the overbought zone for Pi.
However, it quickly dropped in the last 24 hours. In the past, tokens that hit this zone often saw their prices reverse and fall. This could mean more price drops are coming for Pi.
The Airdrop Effect: A Common Trend?
History has shown that cryptocurrencies launched through airdrops often experience significant price declines. When tokens are distributed for free or at a low cost, many recipients rush to sell their holdings as soon as trading begins.
Pi Network could follow a similar pattern, with an oversupply of tokens hitting the market and driving prices lower.
Pi Price Hints Major Lose Ahead
As of now PI, I owe you (IOU), price has seen a sharp decline, now trading at $32 after dropping 57% in just 24 hours. This crash happened after the token failed to stay above the $50 support level.
With the upcoming mainnet launch, uncertainty is growing, and Pi’s price could face more downward pressure. While it is still holding above $30, breaking below this level might trigger a further drop to $17.
If that happens, investors who have been holding Pi in recent weeks could face even bigger losses.
BANK OF AMERICA: US BANKS ARE READY TO EMBRACE CRYPTOCURRENCIES WITH CONDITIONS!
In an unprecedented move in the banking sector, Bank of America CEO Brian Moynihan confirmed that US banks are ready to enter the cryptocurrency market as soon as they receive regulatory approval. Moynihan explained, in an interview with CNBC, that the banking sector is seeking to obtain the appropriate legal frameworks that allow it to deal with the growing digital assets, which may pave the way for a new financial era in the United States.
#TrumpMarketWatch there are big shark are out there waiting to grap the market .. trump coin not created by him it was tribute to him by some unknown group . and why it launched 2 days before politics and business .. he is in both side .. he love making money and he does love politics .. launching this coin . by unknown resources and suddenl market went unexpected high and crash . they shark aready made million from this coin.. so now wait before it's taking another big move it has to touch 20ish to 30ish level before making another move . so fish in the market have to wait and watch shark movement
it is impossible til 2030 even they start removing 0. Cas their supply are in trillion. Last week shib cep said his week he Wil removed 3,0 .and making another false promised.
Engine Altan
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Breaking News: Shiba Inu and Pepe CEOs Pledge to Remove All Zeroes by 2030
In a groundbreaking announcement, the CEOs of Shiba Inu (SHIB) and Pepe (PEPE) have committed to eliminating all zeroes from their cryptocurrencies by 2030. What Does This Mean for SHIB and PEPE Holders? 1. Increased Value: Fewer zeroes could lead to higher token value. 2. Scarcity: Token burns and buybacks will create scarcity, driving demand and prices. 3. Revolutionary Tokenomics: Expect a total revamp of SHIB and PEPE's systems. Official Statement from the CEOs "We are committed to making SHIB and PEPE sustainable and valuable for our holders. By 2030, we aim to create a zero-free future and a stronger ecosystem." Roadmap to Zero 1. 2025: Begin tokenomics overhaul and finalize zero-removal strategies. 2. 2027: Launch token burn and buyback mechanisms. 3. 2030: Achieve a zero-free token system and launch revolutionary new tokenomics. Disclaimer 1. Plan Subject to Change: Market conditions and community feedback may impact the timeline. 2. Token Volatility: Cryptocurrencies are highly volatile. 3. Invest Wisely: Only invest what you can afford to lose. #RideTheKaiaWave @Kaia Chain $KAIA