Kategorie: Altcoin News

• Pi Network price has dropped nearly 10% in the past 24 hours.
• Traders are likely to watch the $0.65-$0.75 range for signs of a breakout or further weakness.
• Pi Network’s focus on real-world adoption positions it for long-term growth.

Pi Network’s native token, PI, has experienced a sharp decline over the past 24 hours, falling to a critical support level despite significant ecosystem developments.

The price drop comes as major cryptocurrencies struggle to hold onto gains.

In the past 24 hours, PI price has dropped nearly 10% and cut weekly upside to about 14%, with the altcoin hovering near $0.66.

Despite the expansion of the Pi Ad Network to all ecosystem dApps, Pi Network’s price is under short-term bearish sentiment.

Tron and Cardano have also struggled, but what does this mean for the PI token?

Key Pi Network developments

In the past few days, Pi Network has posted notable network developments.

It includes a major Chainlink integration that marks a pivotal step for the cryptocurrency, which brings real-time, accurate data for decentralized applications.

For dApps, the collaboration means fresh potential for DeFi applications, prediction markets, and blockchain games, all of which could drive PI demand.

It’s the same outlook for DeFi protocols such as lending or staking platforms.

The Pi Ad Network finished its pilot, and developers can apply to join the Pi Ad Network now! The premise of selection is to be listed in the Mainnet Ecosystem Interface and compliant with developer ecosystem guidelines. This platform-level utility transforms the collective… pic.twitter.com/Th1NwYeDxz

— Pi Network (@PiCoreTeam) April 14, 2025

Meanwhile, the Pi Ad Network’s expansion to all ecosystem dApps introduces a new revenue stream for developers.

Advertisers must purchase PI to fund campaigns, while developers earn PI through user engagement.

Initially piloted with five apps in 2024, the Ad Network’s full rollout is expected to accelerate app development and token utility.

However, these fundamentals aside, PI’s price action reflects market hesitation.

PI price prediction

Since hitting highs near $3 in February, PI has been on a steady decline.

The token has shed significant value, with the current level about 77% of the all-time high.

A look at the four-hour chart reveals a symmetrical triangle pattern, a technical setup often signaling consolidation before a breakout.

Notably, this can go in either direction, and it’s downward for PI.

The symmetrical triangle breakdown suggests sellers are capitalizing on uncertainty, possibly due to broader market conditions or profit-taking after earlier gains.

It’s what likely has bears in control, a scenario that could push PI price below key levels.

As can be seen above, the token is now testing support near $0.65. Other than the symmetrical triangle pattern, the relative strength index and the moving average convergence divergence give sellers an upper hand. The MACD indicates a recent bearish crossover, shifting short-term sentiment after a rejection around $0.75.

If bulls fail to hold above $0.65, PI could slide toward $0.50.

However, if bullish momentum builds, PI could break above $0.8 and rally toward $1.20 in the near term.

The post Pi Network price drops 10% to key level despite major network news appeared first on CoinJournal.

• XCN’s recent price action is nothing short of remarkable.
• Over the past seven days, Onyxcoin has skyrocketed by more than 150%.
• Its market cap has more than doubled, now sitting at around $700 million.

Onyxcoin (XCN) is making headlines once again after an explosive rally, surging over 60% in the past 24 hours.

The altcoin has officially cracked the top 100 cryptocurrencies by market cap, signaling renewed investor interest and strong bullish momentum.

As XCN gains traction, many traders are now wondering: how high can it go?

Massive weekly gains fuel XCN hype

XCN’s recent price action is nothing short of remarkable.

Over the past seven days, Onyxcoin has skyrocketed by more than 150%, with the majority of those gains occurring within the last 48 hours.

Its market cap has more than doubled, now sitting at around $700 million.

XCN price chart by CoinMarketCap

Such rapid growth reflects a major shift in sentiment, especially after former President Donald Trump announced a temporary pause on tariffs for most countries, easing broader economic uncertainty.

Notably, XCN’s trading volume has exploded. Daily volume has tripled in just three days, marking a 200% increase.

Over the past week, trading activity has surged by an impressive 1,200%, pushing Onyxcoin ahead of bigger names like Avalanche (AVAX) in terms of trading interest.

This dramatic rise in volume is often seen as a key indicator of strong market support.

XCN price prediction: what’s next?

Given its current momentum, analysts believe XCN could test higher resistance levels if bullish conditions continue.

Given its current momentum, analysts believe XCN could attempt to retest higher resistance zones.

If buying pressure holds, XCN could aim for a short-term target between $0.025 and $0.030, depending on broader market trends.

However, if profit-taking kicks in, a healthy correction could bring the price back toward key support around $0.018 to $0.020.

On a longer timeframe, if Onyxcoin maintains its active trading volume and positive market sentiment, there’s potential for the token to revisit previous highs set before broader crypto market turbulence.

However, traders should keep a close eye on Bitcoin (BTC) and Ethereum (ETH) price trends, as XCN’s performance could remain sensitive to movements in major assets.

Invest with caution

While the recent rally is exciting, it’s essential to remember that cryptocurrency investments carry significant risk.

Prices can be extremely volatile, and while XCN shows strong upside potential, sudden reversals are always possible.

Always do your research (DYOR) and consider consulting a financial advisor before making any investment decisions.

Onyxcoin’s breakout highlights how fast market dynamics can shift in the altcoin world.

With surging volume, a rebounding market environment, and growing investor attention, XCN looks poised for more action.

However, staying informed and cautious is key to navigating the unpredictable crypto landscape.

The post Onyxcoin price today: How high can XCN go? appeared first on CoinJournal.

• Kaspa, THORChain, Starknet, and Worldcoin were removed.
• 9 new unclassified projects include Babylon and Berachain.
• The asset list may change intra-quarter with fund rebalances.

Grayscale Investments has expanded its “Assets Under Consideration” list to 40 cryptocurrencies as of April 10, 2025.

This marks a shift from its January list, which featured 39 tokens, and continues the asset manager’s quarterly strategy of reviewing potential future products.

Alongside the expansion, Grayscale has formally launched single-asset trusts for Dogecoin (DOGE) and Pyth Network (PYTH), spotlighting the assets now making the leap from consideration to active investment vehicles.

The revised list also includes new entrants like VeChain and Plume while removing tokens such as Kaspa, Starknet, and THORChain across various sectors.

Dogecoin and PYTH enter trust products

Dogecoin and PYTH were both upgraded from Grayscale’s consideration list to formal trust products in early 2025.

The Grayscale Dogecoin Trust launched on January 31, followed by the Pyth Trust on February 18.

Dogecoin continues to be one of the most actively traded meme coins, while PYTH’s growth reflects increasing demand for on-chain oracle services.

Their addition follows Grayscale’s broader aim to diversify its offerings beyond Bitcoin and Ethereum-focused products.

Removals across key sectors

This quarter’s update saw multiple removals that indicate a narrowing of focus across Grayscale’s asset categories.

Kaspa was removed from the currencies section, which now includes no assets. Sei, Sonic, and Starknet were cut from smart contract platforms.

THORChain and Injective Protocol were dropped from financials, while Ai16z and Virtuals Protocol were removed from consumer and culture.

Grayscale also eliminated Flock.io, Hyperbolic, and Worldcoin from its utilities and services.

These changes reflect a redefined view of which assets Grayscale considers relevant to long-term product development.

New additions include VeChain and Plume

Several tokens have been added across sectors in this update.

VeChain has been included in the smart contract platforms category, potentially due to its continued push into enterprise use cases.

In financials, Plume Network and SYRUP have been added, while Aixbt by Virtuals has joined consumer and culture.

Geodnet (GEOD) now appears under utilities and services, and IP has been reclassified from utilities to consumer and culture.

In addition to reclassifications, nine new projects have been added that remain uncategorised under the Grayscale crypto sectors framework.

These include Babylon, Berachain, Monad, Movement, Lombard, Mantra, Eliza, DeepBook, and Walrus.

Projects like Prime Intellect, Sentient, and Space and Time, which appeared in the January list, remain present.

Strategy shift in evaluation

Compared with the 35 assets listed in October 2024, the increase to 40 in April 2025 reflects Grayscale’s ongoing effort to monitor the evolving crypto market.

The firm has reiterated that this list may be updated as frequently as 15 days after quarter-end and is subject to intra-quarter changes, especially when multi-asset products are rebalanced or new single-asset trusts are launched.

The current update, published on April 10, 2025, is part of Grayscale’s broader approach to regularly assess token viability, market demand, and regulatory alignment.

The additions of VeChain and SYRUP, alongside the removals of Starknet and Worldcoin, signal a shift in focus toward tokens with clearer institutional relevance or growing retail traction.

While inclusion in the list does not guarantee the launch of a trust, market watchers will likely monitor these assets closely for future product announcements.

The post Grayscale expands altcoin list to 40 in April 2025 update, adds Dogecoin and PYTH trusts appeared first on CoinJournal.

• Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
• The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
• Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”

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