This week’s cryptocurrency market recap examines key developments for Pi Network, Ripple, and Dogecoin. While PI saw a slight rise despite ongoing downtrend, Ripple secured major acquisitions and made legal progress. Meanwhile, Dogecoin faced further selling pressure from large investors. Here’s a breakdown of the recent activity:
**Pi Network:** The native token of Pi Network experienced volatility last week, trading between $0.40 and $0.75 before settling just below $0.60 (CoinMarketCap data). Some analysts remain optimistic about PI’s potential for future gains despite a downtrend, with one expert predicting a V-shaped price recovery to above $2.50 following Donald Trump’s 90-day tariff suspension. However, the planned unlock of over 160 million PI tokens in April could spark selling pressure on the market.
**Ripple:** Ripple made headlines with its acquisition of Hidden Road for a whopping $1.25 billion. This deal elevates Ripple to the forefront as the first crypto company to control and operate a global multi-asset prime broker, offering institutions extensive services across FX, digital assets, derivatives, swaps, and fixed income.
**Dogecoin:** The meme coin Dogecoin experienced a 4% decline last week, reaching $0.15 per token. This was driven by a large sell-off from whales over the course of 48 hours. The move may indicate an upcoming price correction for the popular cryptocurrency.
**Overall Market Update:** While these major developments dominated this week’s crypto landscape, other currencies like XRP experienced little change despite bullish predictions and growing addresses on the network.
**Looking Ahead:** Stay tuned for more insights and analysis as the market continues to evolve.