{"id":24448,"date":"2024-11-29T08:02:44","date_gmt":"2024-11-29T08:02:44","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=24448"},"modified":"2024-11-29T08:02:44","modified_gmt":"2024-11-29T08:02:44","slug":"recent-pi-network-pi-updates-cardano-ada-price-targets-and-more-bits-recap-nov-29","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=24448","title":{"rendered":"Recent Pi Network (PI) Updates, Cardano (ADA) Price Targets, and More: Bits Recap Nov 29"},"content":{"rendered":"

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

Pi Network extended its KYC submission deadline to December 31, 2024, raising skepticism due to ongoing delays and broken promises.
\nCardano\u2019s ADA soared 190% monthly, with bullish predictions suggesting potential highs of $5 to $10 this cycle.
\nEthereum (ETH) hit a six-month high of $3,700, driven by rising ETF inflows, with 88% of holders currently in profit.<\/p>\n

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

The Latest Pi Network News<\/h2>\n

The controversial cryptocurrency project Pi Network (whose goal is to allow people to mine digital assets from their smartphones) remains a hot topic in <\/span>the<\/span> crypto <\/span>space<\/span>.<\/span> Despite being around for over five years, it has yet to launch its native token and mainnet. <\/span>The constant delays and lack of clarity have triggered frustration across the community, with some members <\/span>doubting<\/span> the project\u2019s legitimacy.<\/span><\/p>\n

Earlier this year, Pi Network\u2019s team maintained that <\/span>major<\/span> developments <\/span>will<\/span> occur once all users had passed Know-Your-Customer (KYC) procedures. Initially, they had until late September to do so, but later, <\/span>the period was extended<\/span> to November 30.<\/span><\/p>\n

Most recently, the developers <\/span>moved<\/span><\/a> the deadline to submit KYC applications (known as \u201cthe first Grace Period\u201d) to December 31.\u00a0<\/span><\/p>\n

\u201cThe final Grace Period deadline has not changed and is still December 31, 2024. This extension ensures all Pioneers have ample opportunity to secure their Pi while maintaining the overall timeframe of 6-month Grace Period unchanged. Submit your KYC application and complete your Mainnet Checklist by December 31, 2024, to avoid any forfeiture. Take action now \u2013 don\u2019t wait,\u201d the announcement reads.<\/span><\/p>\n

We have yet to see if this will be the final extension or yet another broken promise by the team.<\/span><\/p>\n

ADA Price Predictions<\/span><\/h2>\n

Cardano\u2019s ADA has taken center stage <\/span>lately<\/span> due to its rapid price increase<\/span>.<\/span> It currently trades at around $1.06 (per CoinGecko\u2019s data), representing a whopping 190% spike on a monthly scale.
\n<\/span><\/p>\n

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

Multiple analysts <\/span>believe<\/span><\/a> the rally has just started. The popular content creator Jake Gagain promised to delete his X account if ADA doesn\u2019t hit $5 this bull cycle, while Dan Gambardello claimed the price could skyrocket to as high as $10 once clearing the $1 resistance.\u00a0<\/span><\/p>\n

Meanwhile, Cardano whales have been on the move lately, suggesting further upward pressure on the valuation. X user Ali Martinez claimed that large investors purchased over 130 million tokens during the latest dip.<\/span><\/p>\n

How\u2019s ETH Doing?<\/span><\/h2>\n

Last but not least<\/span>, we will touch upon Ethereum (ETH), which has finally started catching up with the market\u2019s frontrunners. Earlier this week, it pumped to a six-month high of almost $3,700, while currently it stands at approximately $3,570. ETH\u2019s revival comes <\/span>on the back of<\/span>\u00a0<\/span>increased<\/span><\/a> spot Ether ETF inflows in the United States.
\n<\/span><\/p>\n

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

The price resurgence benefited the asset\u2019s investors. At one point yesterday (November 28), over 90% of all ETH holders were sitting at some paper profits, the highest level observed since June. As of writing these lines, the percentage <\/span>is <\/span>set<\/span><\/a> at around 88%.\u00a0<\/span><\/p>\n

The post Recent Pi Network (PI) Updates, Cardano (ADA) Price Targets, and More: Bits Recap Nov 29<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network extended its KYC submission deadline to December 31, 2024, raising skepticism due to ongoing delays and broken promises. Cardano\u2019s ADA soared 190% monthly, with bullish predictions suggesting potential highs of $5 to $10 this cycle. Ethereum (ETH) hit a six-month high of $3,700, driven by rising ETF inflows, with 88% of holders […]<\/p>\n","protected":false},"author":0,"featured_media":24449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24448","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\/24448"}],"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=24448"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24449"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}