{"id":21621,"date":"2024-11-19T09:27:52","date_gmt":"2024-11-19T09:27:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=21621"},"modified":"2024-11-19T09:27:52","modified_gmt":"2024-11-19T09:27:52","slug":"pi-network-pi-updates-ripple-xrp-and-cardano-ada-next-targets-bits-recap-nov-19","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=21621","title":{"rendered":"Pi Network (PI) Updates, Ripple (XRP) and Cardano (ADA) Next Targets: Bits Recap Nov 19"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Pi Network is nearing its Open Network phase, with only one million KYC verifications remaining before the November 30 deadline.<\/span>
\nRipple\u2019s XRP surged 83% in a week, hitting a three-year high of $1.20, with analysts forecasting short-term gains potentially pushing it to $1.50 or even higher.<\/span>
\nCardano\u2019s ADA climbed 130% in two weeks to $0.75, with experts predicting further growth, supported by strong network fundamentals and no scheduled token unlocks.<\/p>\n

<\/a><\/span><\/h2>\n

What\u2019s New Around Pi Network?<\/h2>\n

Pi Network officially launched on March 14, 2019, a date that coincides with \u201cPi Day\u201d (3\/14), aligning with the project\u2019s name and mathematical inspiration. Its primary goal is to allow users to mine cryptocurrencies directly from their smartphones.<\/span><\/p>\n

Despite being around for over five years, Pi Network remains quite controversial <\/span>since<\/span> its native token and open mainnet have yet to <\/span>see the light of day<\/span>.<\/span>\u00a0<\/span><\/p>\n

Earlier in 2024, the team claimed that the <\/span>launch of the Open Network\u00a0will happen<\/span> once 15 million people had completed\u00a0necessary Know-Your-Customer (KYC) procedures.<\/span> Last week, Pi News (a social media channel that discloses updates surrounding the project) <\/span>revealed<\/span><\/a> that reaching the target requires only one million verifications.\u00a0<\/span><\/p>\n

Passing KYC procedures should occur before November 30, a deadline known as \u201cthe Grace Period.\u201d Initially, people had until September 30 to do so, but the team later <\/span>provided<\/span><\/a> more time.<\/span><\/p>\n

Meanwhile, the community <\/span>is eagerly waiting for<\/span> December, when the Pi Core Team <\/span>is <\/span>expected<\/span><\/a> to shed details on the mainnet open roadmap (which should allow the official buying and selling of Pi tokens).<\/span><\/p>\n

XRP\u2019s Solid Performance<\/span><\/h2>\n

Ripple\u2019s XRP has been the best-performing cryptocurrency (from the top 20 list) <\/span>in the past seven days<\/span>.<\/span> Its price<\/span> is <\/span>up 83% for that period, currently trading at $1.11 (per CoinGecko\u2019s data). <\/span>What\u2019s more<\/span>, it reached a three-year high of almost $1.20 on November 16.
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Crypto X is full of analysts predicting further gains for the asset in the short term. Dark Defender <\/span>set<\/span><\/a> a \u201cgolden target\u201d of over $13, while Crypto King was more modest, forecasting a surge to $1.50.\u00a0<\/span><\/p>\n

Prior to<\/span> that, X user CryptoBull\u00a0<\/span>described<\/span><\/a> the $1.28 level as the most\u00a0<\/span>important<\/span>\u00a0barrier\u00a0<\/span>in the near future<\/span>, speculating that the next target could be $1.96 and eventually a new all-time high of almost $4.<\/span><\/p>\n

ADA Forecasts<\/span><\/h2>\n

Last <\/span>but not least<\/span>, we will touch upon Cardano\u2019s native token, which has also recorded a substantial increase lately. <\/span>As of <\/span>writing these lines, ADA trades at approximately $0.75, representing a 130% rise on a two-week scale.<\/span>\u00a0<\/span><\/p>\n

<\/a>ADA Price, Source: CoinGecko<\/p>\n

The X users FLASH and Lucid expect the bull run to continue. The former <\/span>believes<\/span><\/a> ADA is \u201capproaching <\/span>next<\/span> level\u201d above $1, while the latter outlined several factors suggesting that the asset is \u201cabout to go Interstellar.\u201d\u00a0<\/span><\/p>\n

Some of those include Cardano\u2019s high Minimum Attack Vector (MAV) and the fact that there are no scheduled token unlocks (which increase the circulating supply and could lead to a price retreat).<\/span><\/p>\n

We\u2019ve recently released a video with some <\/span>of the<\/span> major<\/span> developments surrounding Cardano. Have a look here:<\/span>\u00a0<\/span><\/p>\n\n

<\/div>\n

The post Pi Network (PI) Updates, Ripple (XRP) and Cardano (ADA) Next Targets: Bits Recap Nov 19<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network is nearing its Open Network phase, with only one million KYC verifications remaining before the November 30 deadline. Ripple\u2019s XRP surged 83% in a week, hitting a three-year high of $1.20, with analysts forecasting short-term gains potentially pushing it to $1.50 or even higher. Cardano\u2019s ADA climbed 130% in two weeks to […]<\/p>\n","protected":false},"author":0,"featured_media":21622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21621"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21621"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21622"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}