{"id":28145,"date":"2024-12-13T08:05:26","date_gmt":"2024-12-13T08:05:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=28145"},"modified":"2024-12-13T08:05:26","modified_gmt":"2024-12-13T08:05:26","slug":"interesting-pi-network-pi-facts-bullish-shiba-inu-shib-price-predictions-and-more-bits-recap-dec-13","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=28145","title":{"rendered":"Interesting Pi Network (PI) Facts, Bullish Shiba Inu (SHIB) Price Predictions, and More: Bits Recap Dec 13"},"content":{"rendered":"

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

Pi Network boasts 1.34 million users in South Korea, outpacing Binance locally, with its open mainnet launch expected once 15 million verifications are completed.
\nShiba Inu shows bullish potential despite recent volatility, supported by an active burn mechanism and predictions of significant price spikes.
\nXRP\u2019s price surged over 250% in the past month, with analysts forecasting a new all-time high driven by regulatory progress and market momentum.<\/p>\n

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

Pi Network\u2019s Stronghold in South Korea<\/h2>\n

Despite the <\/span>surrounding<\/span> controversy, the cryptocurrency project Pi Network continues to amass users. Not long ago, the<\/span> team\u00a0<\/span>revealed<\/span><\/a> the application had exceeded the milestone of 100 million downloads.<\/span><\/p>\n

Pi Network has a solid presence in Asia, creating multi-million communities in countries like China, Vietnam, Singapore, India, Japan, and More. As <\/span>CryptoPotato<\/span><\/em> recently <\/span>reported<\/span><\/a>, South Korea is another nation where the project has gained <\/span>huge<\/span> popularity.<\/span><\/p>\n

According to<\/span> Wu Blockchain\u2019s analysis<\/span>, <\/span>the number of local Pi Network users has reached 1.34 million, which outnumbers the domestic client base of major crypto exchanges like Binance and Coinbase.<\/span> In fact,<\/span> the only two domestic cryptocurrency-related entities <\/span>having<\/span> more users are Upbit (4.36 million) and Bithumb (2.24 million).<\/span><\/p>\n

While the global Pi Network community continues to grow, its native token and open mainnet have yet to see the light of day. The team assured it will set things into motion once 15 million users complete the necessary verifications. Latest data <\/span>shows<\/span><\/a> that 14 million people have already complied with the rules, with only 1 million left to do so.\u00a0<\/span><\/p>\n

Meanwhile, the Pi Core Team previously\u00a0<\/span>promised<\/span><\/a> to announce the mainnet open roadmap, which should\u00a0<\/span>provide more clarity on<\/span> when users will be able to buy and sell Pi tokens.\u00a0It remains to\u00a0<\/span>be seen<\/span> whether the final weeks of 2024 will bring significant developments or if there will be further delays.<\/span><\/p>\n

SHIB\u2019s Next Potential Targets<\/span><\/h2>\n

The second-largest meme coin experienced a substantial revival at the start of December. However, in the past several days, it witnessed enhanced volatility, with its price plunging by over 10% <\/span>on a weekly scale<\/span>.\u00a0<\/span><\/p>\n

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

Despite the turbulence, numerous analysts remain optimistic that a new rally could <\/span>be on the horizon<\/span>. X user JAVON MARKS, for instance, <\/span>maintained<\/span><\/a> that SHIB has confirmed a bullish pattern, which could\u00a0be a precursor for \u201canother major upside move.\u201d The trader reiterated their forecast that the price could spike by almost 180% and reach $0.000081.<\/span><\/p>\n

Other market observers predicting good days <\/span>ahead<\/span> for the meme coin include Zach Humphries and The Crypto Bull. The former <\/span>believes<\/span><\/a> that SHIB could chart substantial gains once \u201cEthereum breaks loose.\u201d The Crypto Bull <\/span>assumed<\/span><\/a> that Shiba Inu\u2019s chart \u201clooks primed for launch very soon.\u201d<\/span><\/p>\n

The resurgence of the asset\u2019s burning mechanism supports the thesis of a price pump. The burn rate has <\/span>spiked<\/span><\/a> by almost 300% in the past 24 hours, resulting in 11.8 million tokens sent to a null address. The USD equivalent of the stash might be insignificant, but continuous efforts in that field will make SHIB more scarce and potentially more valuable in time (should demand keep its level or rise).<\/span><\/p>\n

XRP Price Outlook<\/span><\/h2>\n

Ripple\u2019s XRP is also in the red <\/span>on a weekly scale<\/span>, albeit charting less substantial losses than Shiba Inu. However, the asset remains one of the best performers in the past month, with its price skyrocketing by over 250% and currently trading above $2.30.<\/span><\/p>\n

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

Some <\/span>of the<\/span> factors that have fueled XRP\u2019s impressive spike over the last several weeks include Gary Gensler\u2019s (the current Chairman of the US SEC) <\/span>announcement<\/span><\/a> that he will step down in January next year and the progress of Ripple\u2019s upcoming stablecoin. Not long ago, CEO Brad Garlinghouse <\/span>revealed<\/span><\/a> that the financial product received regulatory approval from the NYDFS.<\/span><\/p>\n

Many industry participants believe XRP is now gearing up for another massive rally. X user Ali Martinez recently <\/span>noted<\/span><\/a> the emergence of a bull flag on the asset\u2019s price chart, predicting a rise to a new all-time high of $4. However, he believes the road to the peak might be bumpy and include a brief correction.\u00a0<\/span><\/p>\n

Prior to<\/span> that, he claimed that XRP \u201clooks undervalued after breaking out of this massive multi-year symmetrical triangle.\u201d He <\/span>set<\/span><\/a> a \u201cconservative target\u201d of $8.40 and an \u201coptimistic\u201d one of a staggering $48.12.\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/p>\n

The post Interesting Pi Network (PI) Facts, Bullish Shiba Inu (SHIB) Price Predictions, and More: Bits Recap Dec 13<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network boasts 1.34 million users in South Korea, outpacing Binance locally, with its open mainnet launch expected once 15 million verifications are completed. Shiba Inu shows bullish potential despite recent volatility, supported by an active burn mechanism and predictions of significant price spikes. XRP\u2019s price surged over 250% in the past month, with […]<\/p>\n","protected":false},"author":0,"featured_media":28146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28145","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\/28145"}],"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=28145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}