🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
As of May 17, 2025, Pi Network (PI) is experiencing significant volatility, with its price declining by approximately 15.98% in the past 24 hours to around $0.74 USD. The intraday high and low were $0.945 and $0.722, respectively.
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📊 Market Overview
Current Price: ~$0.74 USD
24-Hour Change: -15.98%
Market Cap: Approximately $5.04 billion USD
24-Hour Trading Volume: Around $736.79 million USD
Circulating Supply: 6.79 billion PI (7% of total supply)
All-Time High: $2.98 on February 26, 2025
All-Time Low: $0.4069 on April 5, 2025
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📉 Recent Developments
The recent decline in PI's price is attributed to several factors:
Ecosystem Fund Launch: The Pi Foundation's announcement of a $100 million ecosystem fund was met with investor skepticism, leading to a price drop.
Token Unlock Concerns: The unlocking of 255 million PI tokens raised fears of increased supply and potential dilution, contributing to the bearish sentiment.
Technical Weakness: PI breached key support levels, notably falling below $0.90, which has intensified selling pressure.
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🔮 Outlook
Despite the recent downturn, some analysts suggest that PI may find support around the $0.70 level. However, the market remains cautious, and further declines could occur if negative sentiment persists.
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⚠️ Considerations
Volatility: PI has exhibited high volatility, with significant price swings in short periods.
Market Sentiment: Investor confidence has been shaken by recent events, and recovery may depend on positive developments or announcements.
Liquidity: While trading volume remains substantial, rapid price changes could affect liquidity and trading conditions.
Have you seen, dear ones? Now do you believe my words? I tell you, the price will rise again, the partners who followed me have made a profit. My position also brought me 260 thousand.
https://www.gate.io/competition/wctc/s7/team_detail/41?ref=U1JMXF9W.