Pi Network Integrates Payment System, XRP Price Drops to $1.91
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Coinmarketcap
- Pi Network Update: The Core Team of Pi Network has introduced a payment integration feature within the Pi App Studio, enabling non-technical users to build applications, although currently limited to a test version, leading to a brief price uptick followed by a rapid decline, with PI trading at $0.18, reflecting a 10% drop over the week.
- User Feedback Incentive: The new feature allows users to deploy app iterations by watching ads, with the first 1,000 qualified participants receiving 5 Pi tokens, aimed at increasing user engagement, yet community trust in the project's future is waning.
- XRP Price Movement: Ripple's XRP has recently dropped to $1.91, with analysts highlighting critical support at $1.78, indicating a bearish sentiment in the market, while the supply of XRP on Binance has decreased to 5.55 billion coins, suggesting investors are moving towards self-custody, potentially alleviating selling pressure.
- ETH Market Outlook: Ethereum, which peaked near $3,400 at the beginning of the year, has now fallen to approximately $2,900, with analysts predicting a possible drop to $2,600, as signs of losing upward support contribute to a pessimistic outlook on its future trajectory.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
