{"id":29021,"date":"2024-12-17T09:31:33","date_gmt":"2024-12-17T09:31:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=29021"},"modified":"2024-12-17T09:31:33","modified_gmt":"2024-12-17T09:31:33","slug":"new-btc-peak-bullish-xrp-price-predictions-pi-network-warning-bits-recap-dec-17","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=29021","title":{"rendered":"New BTC Peak, Bullish XRP Price Predictions, Pi Network Warning: Bits Recap Dec 17"},"content":{"rendered":"

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

Bitcoin (BTC) reached a new all-time high of almost $108,000. Analysts predict it could climb to $250,000 or even $500,000 this cycle.
\nRipple\u2019s XRP surged over 130% in a month, trading above $2.50. Market observers set short-term targets between $5.85 and $8.76.
\nPi Network urged users to rely on official channels and use the verified Pi Wallet. The launch of the open network is pending, with approximately one million verifications left.<\/p>\n

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

BTC Hits a New ATH<\/h2>\n

The primary cryptocurrency has been on a tear in the past seven days, registering a price increase of over 10%. Several hours ago, it tapped a new all-time high of almost $108,000. In the following hours, BTC experienced enhanced volatility and eventually stabilized at its current $107,000 (per CoinGecko\u2019s data).\u00a0<\/span><\/p>\n

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

It is important to note that the asset\u2019s new peak came <\/span>shortly<\/span> after MicroStrategy announced its latest crypto purchase. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the business intelligence company acquired 15,350 BTC at an average price of $100,386. <\/span>Its total holdings increased to 439,000 BTC, which<\/span>, according to ongoing rates,<\/span> equals nearly $47 billion.<\/span>\u00a0<\/span><\/p>\n

Massive purchases of that type leave fewer assets available on the open market, <\/span>which could <\/span>potentially<\/span> result<\/span> in a price rally (assuming demand stays the same or rises).<\/span> However, when MicroStrategy disclosed multi-billion Bitcoin purchases the previous two times, BTC\u2019s valuation briefly headed south.\u00a0<\/span><\/p>\n

The asset\u2019s push toward a new ATH aligns with overall bullish sentiment among popular analysts on X. Jake Gagain <\/span>said<\/span><\/a> he would be surprised if BTC doesn\u2019t reach $250,000 this cycle<\/span>, while<\/span> Michael van de Poppe <\/span>believes<\/span><\/a> the price could explode to as high as $500,000.<\/span><\/p>\n

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

Another leading cryptocurrency that has pumped substantially as of late is Ripple\u2019s XRP. Its price is up over 130% in the past month, currently trading well above $2.50.
\n<\/span><\/p>\n

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

Some factors <\/span>possibly<\/span> fueling the resurgence include the overall market revival and the upcoming launch of Ripple\u2019s stablecoin RLUSD.<\/span> The product <\/span>is <\/span>supposed<\/span><\/a> to<\/span> go live on many exchanges in the next two days. Among the first to embrace it are Uphold, MoonPay, Bitso, CoinMENA, and more.<\/span><\/p>\n

Many industry participants believe XRP\u2019s latest spike could be just the beginning of a <\/span>major<\/span> bull run that has yet to <\/span>be witnessed<\/span>. The X users JAVON MARKS recently <\/span>forecasted<\/span><\/a> a potential price explosion, while Dark Defender set $5.85 and $8.76 as short-term targets. The latter also outlined $2.29, $2.24, $2.10, and $2.02 as\u00a0<\/span>major<\/span> support zones.\u00a0<\/span><\/p>\n

X user Scofield chipped in<\/span>, too<\/span>, <\/span>advising<\/span><\/a> XRP investors to consider selling their positions once the asset\u2019s valuation climbs to $5.<\/span>\u00a0<\/span><\/p>\n

Pi Network Alerts<\/span><\/h2>\n

Last but not least, we will conclude with two warnings <\/span>that came<\/span> from the controversial cryptocurrency project Pi Network. The team <\/span>urged<\/span><\/a> users to rely only on information shared on official channels. They provided a dedicated safety page showing all the sources and URL links the community can refer to.<\/span>\u00a0<\/span><\/p>\n

The developers also warned people to use only <\/span>their<\/span> Pi Wallets in the designated Pi Browser. \u201cEnsure you\u2019re in the correct Pi Wallet, not any fake one, to safeguard your Pi. The authentic Pi Wallet is also visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo featuring the Core Team apps logo,\u201d the warning reads.<\/span><\/p>\n

Pi Network saw the light of day in 2019, amassing a multi-million community in the following years. However, it has yet to launch its native token and open mainnet, <\/span>which has created some<\/span> controversy. According to the team, the open network will see the light of day once 15 million people complete the necessary verifications. Pi News recently <\/span>claimed<\/span><\/a> that only one million are left to do so.\u00a0<\/span><\/p>\n

In addition, the Pi Core Team <\/span>promised<\/span><\/a> to announce the mainnet open roadmap in December, which should\u00a0<\/span>provide more clarity on<\/span> when users will be able to buy and sell Pi tokens.<\/span><\/p>\n

It remains to\u00a0<\/span>be seen<\/span> whether the final weeks of 2024 will bring significant developments or <\/span>there will be<\/span> further delays.<\/span><\/p>\n

The post New BTC Peak, Bullish XRP Price Predictions, Pi Network Warning: Bits Recap Dec 17<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin (BTC) reached a new all-time high of almost $108,000. Analysts predict it could climb to $250,000 or even $500,000 this cycle. Ripple\u2019s XRP surged over 130% in a month, trading above $2.50. Market observers set short-term targets between $5.85 and $8.76. Pi Network urged users to rely on official channels and use the […]<\/p>\n","protected":false},"author":0,"featured_media":29022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29021","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\/29021"}],"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=29021"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29022"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}