{"id":41486,"date":"2025-02-04T09:38:16","date_gmt":"2025-02-04T09:38:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41486"},"modified":"2025-02-04T09:38:16","modified_gmt":"2025-02-04T09:38:16","slug":"recent-pi-network-updates-ripple-xrp-price-predictions-and-more-bits-recap-feb-4","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41486","title":{"rendered":"Recent Pi Network Updates, Ripple (XRP) Price Predictions, and More: Bits Recap Feb 4"},"content":{"rendered":"

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

Pi Network extended the KYC and mainnet migration deadline to Feb 28, 2025, fueling community frustration.
\nRipple (XRP) experienced a severe price decline at the start of the week, but some view this as a perfect \u201cbuy the dip\u201d opportunity.
\nDogecoin (DOGE) dropped 22% weekly, with recent whale activity suggesting a further plunge.<\/p>\n

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

Another Deadline Extension<\/h2>\n

Pi Network<\/span> \u2013 <\/span>the controversial cryptocurrency project that claims to allow people to mine digital assets directly on their smartphones<\/span> \u2013 <\/span>continues to trigger frustration across its community. Although it <\/span>saw the light of day<\/span> in 2019, its open mainnet and native token have yet to be launched.<\/span>\u00a0<\/span><\/p>\n

The team has previously maintained that major milestones like these depend on successful KYC verifications and migration to the mainnet. Users had until January 31 to complete the steps, but the deadline <\/span>was recently <\/span>moved<\/span><\/a> to February 28.\u00a0<\/span><\/p>\n

\u201cThe KYC and Mainnet migration deadlines for the Grace Period have been extended to February 28, 2025, ensuring Pioneers have additional time and opportunity to secure their Pi,\u201d the developers explained.<\/span><\/p>\n

Constant delays and extensions have become a habit for Pi Network\u2019s team, and unsurprisingly, some users have lost hope that they will ever see actual progress. Others have gone even further, describing the project as a scam.<\/span><\/p>\n

Meanwhile, the developers <\/span>aim<\/span><\/a> to launch the Open Network during the <\/span>first quarter of the year<\/span>.<\/span> On that note, they <\/span>made a disclaimer<\/span> that the milestone might occur before or after the Grace Period ends.<\/span><\/p>\n

\u201cSubmit your KYC application and complete your Mainnet Checklist by February 28, 2025, to avoid any forfeiture,\u201d they advised.<\/span><\/p>\n

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

Ripple\u2019s native token is another highly intriguing topic in the cryptocurrency world. Its price experienced an impressive bull run in the last few months, <\/span>rising<\/span><\/a> from less than $0.55 at the start of November 2024 to almost a new all-time high of $3.39 in mid-January.\u00a0<\/span><\/p>\n

However, February has not been so kind to XRP. Its valuation briefly tanked below $2 shortly after US President Donald Trump <\/span>imposed<\/span><\/a> hefty tariffs on China, Canada, and Mexico. Some of the charges were later <\/span>suspended<\/span><\/a>, which resulted in a revival of the cryptocurrency market. XRP\u2019s price climbed to almost $2.80 before retracing <\/span>again<\/span> to its current $2.50 (per CoinGecko\u2019s data).<\/span><\/p>\n

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

Interestingly, the double-digit decline witnessed on February 3 did not scare some of the asset\u2019s hardcore proponents. The analysts using the X monikers EGRAG CRYPTO and JackTheRippler are some examples.<\/span><\/p>\n

The former <\/span>described<\/span><\/a> the latest pullback as the perfect \u201cbuy the dip\u201d opportunity, while the latter said they sold their house to increase their exposure to XRP.\u00a0<\/span><\/p>\n

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

Last <\/span>but not least<\/span>, we will touch upon the leading meme coin, which also saw a substantial plunge at the start of the business week. Its price plummeted to $0.21 before reclaiming some ground to $0.26.\u00a0<\/span><\/p>\n

The current level represents a whopping 22% decrease on a weekly scale, while some essential factors signal more pain for the bulls in the short term.<\/span><\/p>\n

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

According to Ali Martinez, whales <\/span>sold<\/span><\/a> 270 million DOGE in 24 hours, which could trigger downward pressure on the valuation. Additionally, the analyst\u00a0<\/span>noted<\/span><\/a> that the meme coin experienced a bearish crossover between the Market Value to Realized Value (MVRV) ratio and its 30-day Simple Moving Average, which indicates \u201ca steep price correction ahead.\u201d<\/span><\/p>\n

The post Recent Pi Network Updates, Ripple (XRP) Price Predictions, and More: Bits Recap Feb 4<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network extended the KYC and mainnet migration deadline to Feb 28, 2025, fueling community frustration. Ripple (XRP) experienced a severe price decline at the start of the week, but some view this as a perfect \u201cbuy the dip\u201d opportunity. Dogecoin (DOGE) dropped 22% weekly, with recent whale activity suggesting a further plunge. Another […]<\/p>\n","protected":false},"author":0,"featured_media":41487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41486","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\/41486"}],"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=41486"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41487"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}