Tuesday, 08 Apr 2025

The cryptos of the week: Pancakeswap, EOS and PI Network

admin
26 Mar 2025 09:53
Coins 0 4
4 minutes reading



  • Pancakewap is booming with Memecoins, but sees itself exposed to volatility risks because sales increase.
  • EOS operates to Vaulta and concentrates on blockchain banking, and Pi Network is fighting with token prolongs and prices.

Cryptocurrencies have experienced considerable volatility exposure because global events influence market behavior. How CNF reportedBitcoin (BTC) still fights less than $ 90,000, while Ethereum (ETH) follows the wide down market. However, certain cryptocurrencies such as Pancakeswap (Cake), EOS and PI Network (PI) attract attention. Every coin has unique developments that could trigger price changes, which is why it is important to observe them.

Pancakewap – surrounded by Memecoins

Pancakeswap has experienced a remarkable increase in sales, which brought him to the radar screen this week. As the most prominent Decentralized stock exchange (dex) On the BNB chain, Pancakewap’s performance is influenced directly by the growing popularity of the memoins on its platform.

Last week sprang CAKE Well to $ 2.82, climbing 105 % from its monthly low. The increase in sales of 60% to $ 14.8 billion has overtaken that of Uniswap ($ 8.29 billion).

The increase is due to the latest market launches of memo cords such as Mubarak and Brocolli, which have led to considerable trading activity. However, experts warn that the hype about memoins often leads to volatile price movements. You can experience initial flights of height, followed by strong declines when insiders capitalize from the rally.

If this pattern for PancakeSwap fitting could threaten the same fate as the Dexen of Solana, such as Raydium, who experienced similar fluctuations after the boom of the Solana memoins. Investors are recommended to pay attention to shifts in sales and price of Pancakewap.

EOS: Renaming to Vaulta evokes optimism

EOS has recently drawn attention to itself through a strong increase in price, which is 55 % above the low this year. This upswing follows a rebranding with which the identity of the network is to be redesigned.

The project is moving its focus on blockchain banking, with EOS in „Vaulta“ is renamed . The name change will go hand in hand with a new ticker, which will be announced in April. Vaulta will integrate Bitcoin banking solutions via EOS as part of this transition.

Rebranding efforts have led to mixed results on the cryptom market. For example, Fantom’s recent rebranding to Sonic has increased activity and growth. In contrast, other projects such as polygons switch from Matic to Pol and Elrond’s rebranding to multiversx difficulties to achieve their goals.

PI-Network: Uncertainty about activation

Pi Network (PI) experienced a significant price drop of almost three on one dollar. This decline is due to the uncertainty regarding the listing of the stock exchange and the upcoming token activation.

Large exchanges such as Binance, octopus, coin base and upbit have not noted Pi Network’s tokens, which frustrated many investors. In addition, the release of 188 million tokens this month, of which more than 1.6 billion are expected in the course of next year, further pressure on the market.

Nevertheless, Pi Network has formed a falling wedge pattern that often indicates a possible consolidation before an outbreak. Traders hope for a course recovery in the coming weeks. However, the uncertainties in relation to the listing and distribution of the tokens are still considerable hurdles.

The lack of transparency of PI Network in relation to Tokenomics and combustion mechanisms has to consider. Analyst “Dr. Altcoin” Fixed That the Pi Core team has not explained how it wants to deal with the billions of tokens that it controlled. A recently unannounced decline of 10 million tokens has fueled the suspicion of price manipulation. In addition, some community members believe that the team delays the quotes in order to avoid payment of notification fees.

With 97 million tokens that are to be unlocked this month, the price of PI fell below $ 1 and reached $ 0.911 before it easily recovered. Dr. Altcoin proposed to burn 60-100 million tokens to stabilize the price and possibly regain $ 1.

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *