Invest ideasNews
4 Jun 2026, 08:36
Here’s why the Pi Network Coin price has crashed to a record low
Pi Network price just crashed to a record low, continuing a downward trend that has been going on since its mainnet launch early last year. It plunged to a low of $0.1190, bringing its market capitalization to over $1.4 billion, a $18.6 billion lower than its all-time high of $20 billion. This article explores why the Pi Coin price continues its crash. Pi Network price has crashed amid the ongoing crypto market weakness The main reason why the Pi Network Coin has crashed this year is because of the ongoing weakness in the crypto industry that has affected Bitcoin and most altcoins. Data shows that the market capitalization of all tokens has dropped to $2.3 trillion this year. The crypto market has happened because of the ongoing AI frenzy that is happening in the United States, Japan, and South Korea. Just this year, companies like Samsung, SK Hynix, and Micron have entered the $1 trillion market, and AMD will soon join them. The AI boom is simply sulking money from other sectors as investors embrace the Fear of Missing Out (FOMO). Indeed, while the crypto market is falling, top AI coins like Venice AI and Near Protocol have jumped to their record highs. Pi Network has tried to position itself as an AI platform. For example, it recently launched an upgrade to its app developer kit, enabling vibe coders to migrate their apps to the platform and gain access to millions of users. Pi is also working to enter the identity verification industry that Worldcoin and Humanity Protocol are in it. Their goal is to launch a KYC-as-a-Service solution that will offer services to third party companies. Pi Coin’s demand has waned, while supply is rising The token has also fallen because of the ongoing demand and supply dynamics. Data shows that the daily volume stood at less than $20 million today, June 4. This volume is a tiny one for a cryptocurrency valued at over $1.4 billion. Pi Network’s volume has remained weak despite some major developments. It has already listed on Kraken, a top American crypto exchange. Most recently, OKX expanded its service and made it possible for Americans to buy it. On the other hand, the amount of Pi tokens in circulation continues to grow this year because of its token unlocks. The network has unlocked millions of tokens in the past few months and data shows that more than 160 million coins will come online this month. READ MORE: Pi Network price prediction ahead of the Kraken listing on March 13 Still, Pi Network has some potential catalysts in the coming months. For example, the network is continuing its upgrade that will make it faster and introduce smart contracts. At the same time, the recently launched CiDi games have become popular in the platform, a move that will lead to a higher utility. Pi Coin price technical analysis Pi Network price chart | Source: TradingView The daily chart shows that the Pi Network price has crashed in the past few months. It tumbled to a record low of $0.1190, much lower than the March high of $0.2980. The coin moved below the previous all-time low of $0.1305, its lowest point in February this year. It has moved below all moving averages and the Ichimoku cloud indicators. Therefore, the path of the least resistance for the token is downwards, potentially to the key support level at $0.100. The post Here’s why the Pi Network Coin price has crashed to a record low appeared first on Invezz
4 Jun 2026, 08:35
Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse
BitcoinWorld Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse Cardano’s native token, ADA, has fallen below the $0.20 mark for the first time in months, following a series of blows to the blockchain’s ecosystem. The price drop comes after founder Charles Hoskinson announced he would be taking a break, and as key projects within the network shut down amid waning community support. Hoskinson’s Break and Market Reaction Charles Hoskinson, the public face of Cardano, revealed his decision to step away from day-to-day operations in a recent statement. He cited a deteriorating crypto market since the beginning of the year and predicted that many projects within the Cardano ecosystem would not survive. Hoskinson’s announcement was made shortly after TapTools, a data analytics platform that had operated within Cardano for four years, declared it was ceasing operations. The news sent shockwaves through the community, accelerating a sell-off that pushed ADA to $0.1951, down 9.97% in the past 24 hours, according to CoinMarketCap. Community Rejects Key Funding Proposal Compounding the negative sentiment, the Cardano community recently voted against a proposal to finance the ‘Cardano 2026 Summit’ in Singapore. The rejection forced organizers to cancel the event entirely. Hoskinson pointed to a lack of community will to spend money on advancing projects and low support for funding ecosystem growth. This decision has raised questions about the network’s ability to sustain its development and marketing efforts. What This Means for Cardano’s Future The simultaneous departure of a key founder, the shutdown of a long-standing analytics tool, and the community’s refusal to fund a major summit paint a grim picture for Cardano. The network, once a top contender in the smart contract space, now faces an existential crisis. Investors are concerned that without strong leadership and community backing, Cardano may struggle to compete with more active ecosystems like Ethereum and Solana. The price action reflects these fears, with ADA trading at levels not seen since the depths of the 2022 bear market. Conclusion Cardano’s current situation is a stark reminder of the volatility and fragility of blockchain projects. The combination of founder fatigue, project closures, and community disengagement has created a perfect storm for ADA. Whether the network can recover will depend on new leadership emerging and the community finding a renewed sense of purpose. For now, the market is voting with its feet. FAQs Q1: Why did Charles Hoskinson announce a break? Hoskinson cited the worsening crypto market and predicted many projects within Cardano would collapse. He also expressed frustration with low community support for funding ecosystem growth. Q2: What is TapTools and why did it shut down? TapTools was a data analytics platform that operated within the Cardano ecosystem for four years. It ceased operations due to financial difficulties, likely exacerbated by the broader market downturn. Q3: How low can ADA go? Analysts warn that if bearish sentiment continues, ADA could test support levels around $0.15. However, a recovery depends on renewed community engagement and ecosystem development. This post Cardano’s ADA Plunges Below $0.20 as Founder Hoskinson Steps Back, Ecosystem Faces Collapse first appeared on BitcoinWorld .
4 Jun 2026, 08:30
‘Wall Street recognizes Hyperliquid’ – What makes Grayscale’s HYPG stand out?
Is Hyperliquid emerging as the preferred DeFi wager on Wall Street?
4 Jun 2026, 08:30
XRP Price To See Violent Discontinuous Repricing And $10 Could Only Be The Start
The XRP price performance over the years has been stunted by a number of factors, with the major one being the legal battle with the United States Securities and Exchange Commission (SEC). Nevertheless, the community seems to have maintained its optimism, with many predicting that the altcoin is set to hit double-digits in the near future. The target has continued to expand in recent years, and one analyst’s forecast suggests that hitting $10 might only be the start of a major repricing for XRP. How The XRP Gains Could Be Multiplied Like The 2017-2018 Cycle The current XRP price trajectory could be following the same trend as the altcoin did back in 2017, and this could have significant implications for the cryptocurrency. As crypto analyst Future XRP on X (formerly Twitter) explained, a repeat of the 2017 rally would mean that a rally to the double-digit $10 could only be a start. Related Reading: Bitcoin Is Still Following This Descending Channel Pattern And The Endgame Shows The Bottom According to the analyst, the current slow growth of the cryptocurrency is nothing out of the ordinary. There was a similar trend in the XRP price back in the 2017 bull cycle, leading right up to the point when the altcoin’s price began to explode. Following this historical performance, the crypto analyst compresses the XRP price trajectory into three phases. The first of these is months of boredom, where the altcoin’s price seems not to be moving at all. Then comes the weeks of disbelief, where the price begins to move rapidly. Finally, XRP enters its month of ‘absolute chaos’, when the price completely explodes, and its performance outpaces all of the months that came before. How High The Price Could Go Following 2017’s Trajectory Putting the current trend side by side with 2017, the crypto analyst explains that the XRP price on June 1, 2026, could be compared as the equivalent of the price on December 1, 2017. This would mean that the first rally would put the price above $2 by July 1. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen Next would be the rapid rise where the price moves up above $5, and by the third quarter, already crossed $10. But it doesn’t end there, as the rapid rise would see the price rising to $24.96 by the end of the third quarter in September. However, if the price is going full copy of the 2017 run, the XRP price rose a total of 640x from January 2017 to January 2018. Taking the current XRP price into account, a 640x rally would put the price as high as $832 at the peak. “History never repeats exactly. But understanding how XRP’s previous cycle unfolded provides valuable context when evaluating future market behavior,” the analyst explained. Featured image from Dall.E, chart from TradingView.com
4 Jun 2026, 08:30
Bitdeer Breaks Ground on 100 MW Alberta Site With on-Site Gas Power
Bitdeer (NASDAQ: BTDR) has started construction on a vertically integrated energy and computing facility in Alberta, advancing a project that reflects how bitcoin miners are increasingly pairing data centers with dedicated power generation as demand from AI workloads reshapes the market for electricity and digital infrastructure. This article first appeared in The Energy Mag. The
4 Jun 2026, 08:29
Mt. Gox sends 116.3 BTC to Bitstamp amid $739M moves
🚨 Mt. Gox moved 116.3 BTC in $BTC to Bitstamp, worth $8.16M. 💸 The transfer followed a $739M move from Mt. Continue Reading: Mt. Gox sends 116.3 BTC to Bitstamp amid $739M moves The post Mt. Gox sends 116.3 BTC to Bitstamp amid $739M moves appeared first on COINTURK NEWS .
