Pi Network’s native token, PI, has dropped sharply in recent days, falling to around $0.86 on May 16 as many anticipate a price rebound amid growing catalysts. Pi Network pi-3.5%Pi Network has now dropped over 40% from its weekly peak of $1.57 and is more than 71% below its all-time high of $2.99, which was reached in…
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Polkadot price crashed to a key level this week as it continued to underperform other popular layer-1 coins like Solana and Mantra. Polkadot dot0.83%Polkadot dropped to a low of $3.53 this week, erasing all gains made since September last year. Two potential catalysts may push the coin higher in the coming months. First, developers will launch the…
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Cardano price has plunged for three consecutive days as the outlook for cryptocurrencies continues to worsen. Cardano ada-1.11%Cardano extended its downtrend, falling to a low of $0.90, its lowest level since Jan. 1 and 33% below its 2024 high. The downward momentum has prompted some whales to exit their positions. According to Ali Martinez, a popular crypto analyst…
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Grayscale Investments CEO Michael Sonnenshein has resigned from the asset manager amid mass investor departures from the firm’s GBTC ETF. On May 20, the Wall Street Journal reported that Peter Mintzberg will replace Sonnenshein as the company’s head in August. Mintzberg is a financial veteran with decades of experience as Goldman Sachs’s global head of strategy for…
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