Pi Network’s Exchange Reserves Reach All-Time High: Is the Hype Fading?

Recent updates from the Pi Core Team show noteworthy development progress. However, these efforts seem insufficient in the current market environment. 😒

Recent updates from the Pi Core Team show noteworthy development progress. However, these efforts seem insufficient in the current market environment. 😒

On July 7th, DOGE was trading at $0.1700, a few points above its year-to-date low of $0.1467. That’s a 35% drop from its highest point in May. But fear not, because the whales are here to save the day!

And who’s the first to take a swing at Musk? None other than the one and only Donald J. Trump, who’s not exactly known for his subtlety. Trump’s ‘Big Beautiful Bill’ was the straw that broke the camel’s back, leading to a very public spat between the two titans. 🤺🔥

Pseudonymous analyst Credible has been racking up followers on the social media platform X, and they’ve got some exciting news for XRP investors. According to Credible, XRP is looking bullish on the high time frame as it continues to build a strong foundation above $2.

But what does it all mean? 🤔 Well, for starters, each Core Scientific share will be swapped for 0.1235 CoreWeave shares, valuing Core Scientific stock at $20.40. That’s a 66% premium to its price late last month. Not bad, if you ask me. 🤑

The coin itself spiked over 5% in a day—up to $0.177. This followed a weekend bounce, because clearly crypto markets like to unwind after a hard week before coming back and promptly giving everyone heart palpitations on Monday. Notably, Dogecoin’s price surge reportedly lured in “whale wallets,” which is crypto jargon for “people alarmingly comfortable with losing lots of money in a blink.” The whales started swimming, and suddenly everyone decided the water was just fine—for now. 🐋

But, alas, this triumph is not without its caveats. For though LetsBonk’s ascendancy is a most welcome development, its sustainability remains to be proven over time ⏰. Will this fledgling platform be able to maintain its momentum, or shall it succumb to the vicissitudes of the crypto market? Only time will tell.

Looking at the daily chart, Bitcoin is on an uptrend that’s as steady as a well-brewed cup of tea, starting from the lows of about $98,240 back in June. Now, it’s attempting to wrestle with resistance around $110,500, like a stubborn dog trying to get through a gate it’s not sure it can pass. Bullish engulfing candles and rising volume—sounds like a recipe for optimism, doesn’t it? But let’s not get carried away. Traders are keeping their eyes on the $105,000–$106,000 zone. If Bitcoin decides to go below this, it might just send a wave of panic through the markets—like when your Wi-Fi cuts out during an important Zoom meeting. No one wants that.

Behold Solana (SOL), the prodigal coin, soaring upwards by 3.26%, as if buoyed by hope or perhaps just caffeine-fueled speculation. One may cheer for the gainers, but truly, is not every ascent a fresh prelude to decline? Let us see.

One must introduce Bitcoin.com — a veritable Lady Catherine de Bourgh among digital currencies — whose judgments regarding soccer speculation platforms that accept Bitcoin (and a clutch of other volatile tokens) ought to be received with the seriousness due to so well-bred a source. Their process for sifting the eligible from the ill-favoured is indeed exquisite; only the most genteel platforms are recommended, thus sparing earnest football connoisseurs the horror of social disgrace.