{"id":46519,"date":"2025-02-21T09:37:42","date_gmt":"2025-02-21T09:37:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46519"},"modified":"2025-02-21T09:37:42","modified_gmt":"2025-02-21T09:37:42","slug":"pi-networks-major-achievement-ripple-xrp-price-targets-and-more-bits-recap-for-feb-21","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46519","title":{"rendered":"Pi Network\u2019s Major Achievement, Ripple (XRP) Price Targets, and More: Bits Recap for Feb 21"},"content":{"rendered":"

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

The PI token began trading on Bitget, MEXC, and OKX. Its price spiked to nearly $2 before collapsing to the current $0.63.<\/span>
\nRipple (XRP) jumped to almost $2.75 following the approval of the first spot XRP ETF in Brazil, now trading around $2.66. Analysts, including Ali Martinez, predict a potential rebound.<\/span>
\nBitcoin (BTC) climbed back above $98,000, improving market sentiment as the Fear and Greed Index re-entered the \u201cGreed\u201d zone. Fed official Raphael Bostic hints at possible 2025 rate cuts that could fuel a further price surge.<\/p>\n

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

The Long-Awaited Milestone<\/h2>\n

Earlier this week, Pi Network finally <\/span>launched<\/span><\/a> its Open Network. The development saw the light of day nearly six years after the project\u2019s birth and made the PI token publicly accessible by allowing exchanges to list it.\u00a0<\/span><\/p>\n

Some of those <\/span>that hopped<\/span> on the bandwagon were Bitget, MEXC, and OKX. The asset\u2019s price experienced huge volatility during its first day of trading, briefly climbing to almost $2 before crashing to the current $0.63 (per CoinGecko\u2019s data).<\/span><\/p>\n

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

It is worth mentioning that Pi Network has been the subject of controversy numerous times, and some industry participants remain skeptical about it. <\/span>Bybit\u2019s CEO Ben Zhou<\/span>, for instance,<\/span> called<\/span><\/a> it a scam and assured that his company <\/span>will<\/span> not embrace the token.<\/span>\u00a0<\/span><\/p>\n

\u201cIf the project is legitimate and straight up, then you should come forth and address these <\/span>reports<\/span> so everyone can understand, but <\/span>instead<\/span> you choose to make up shit and <\/span>do<\/span> these childish <\/span>attacks<\/span> with no ground,\u201d he stated.<\/span><\/p>\n

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

Ripple\u2019s XRP was among the top-performing cryptocurrencies yesterday (February 20), with its price jumping to almost $2.75. The rally occurred shortly after Brazil\u2019s securities regulator \u2013 the Comiss\u00e3o de Valores Mobili\u00e1rios \u2013\u00a0<\/span>approved\u00a0<\/span><\/a>the world\u2019s first spot XRP exchange-traded fund (ETF). In the past several hours, though, the asset lost some steam and is <\/span>currently<\/span> trading at approximately $2.66.<\/span><\/p>\n

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

However, many market observers remain optimistic that another pump could be on the horizon. The popular X user Ali Martinez <\/span>assumed<\/span><\/a> that XRP looks ready for a rebound \u201cas the TD Sequential indicator flashes a buy signal on the hourly chart.\u201d<\/span><\/p>\n

Prior to<\/span> that, though, the analyst observed the same technical indicator to <\/span>warn<\/span><\/a> about a potential pullback for Ripple\u2019s native token.<\/span><\/p>\n

BTC Crawls Into Green Territory<\/span><\/h2>\n

Lastly, we will touch upon the primary cryptocurrency, which has witnessed an evident price increase in the past few days. Recall that Bitcoin (BTC) <\/span>slipped<\/span><\/a> below $94,000 on February 18, but it is currently well above $98,000.
\n<\/span><\/p>\n

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

Its resurgence has seemingly affected investor sentiment, with the Fear and Greed Index <\/span>entering<\/span><\/a> the \u201cGreed\u201d zone <\/span>again<\/span>.<\/span>\u00a0<\/span><\/p>\n

Meanwhile, Atlanta Fed President Raphael Bostic <\/span>said<\/span><\/a> his \u201cbaseline expectation\u201d is <\/span>for<\/span>\u00a0two additional rate cuts later this year, but \u201cthe uncertainty around that is pretty significant.\u201d<\/span><\/p>\n

Lowering the benchmark in the following months might <\/span>give the crypto market a serious boost<\/span>.<\/span> After all, such a decision will make money-borrowing easier and could increase the interest in riskier assets such as BTC.\u00a0<\/span><\/p>\n

The post Pi Network\u2019s Major Achievement, Ripple (XRP) Price Targets, and More: Bits Recap for Feb 21<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The PI token began trading on Bitget, MEXC, and OKX. Its price spiked to nearly $2 before collapsing to the current $0.63. Ripple (XRP) jumped to almost $2.75 following the approval of the first spot XRP ETF in Brazil, now trading around $2.66. Analysts, including Ali Martinez, predict a potential rebound. Bitcoin (BTC) climbed […]<\/p>\n","protected":false},"author":0,"featured_media":46520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46519","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\/46519"}],"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=46519"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46520"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}