Pi Network delays, Shiba Inu ecosystem expands, and Bitcoin correction
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The Pi Network’s long-awaited Open Network launch faces yet another delay, frustrating its user base. Shiba Inu continues its ecosystem expansion with "SHIB: The Metaverse," enabling virtual real estate trading. Meanwhile, Bitcoin struggles as increased exchange netflows signal further downside risk.
Pi Network Postpones Open Network Launch
The Pi Network’s Open Network launch has been delayed to January 31, 2025, extending the KYC and mainnet migration grace period.
Community sentiment remains negative, with users expressing frustration over repeated delays. The project, launched over five years ago, has yet to deliver on promises of an open mainnet and functional native token.
The team cited inclusion goals, aiming to onboard more users before launching the Open Network in Q1 2025.
Shiba Inu Expands with "SHIB: The Metaverse"
"SHIB: The Metaverse" introduces blockchain-based virtual real estate trading.
Users can trade, develop, and own virtual real estate, with properties recorded on the blockchain.
The ecosystem supports personalized avatars and global connections, enhancing community engagement.
Shiba Inu’s evolution from meme coin to ecosystem includes prior launches like Shibarium (layer-2 scaling) and blockchain games such as "Shiboshi Rush" and "Shiba Eternity."
Bitcoin Faces Increased Selling Pressure
Bitcoin has fallen 12% from its all-time high of $108,000, now trading around $95,000.
The decline follows the Federal Reserve's 0.25% rate cut, with Chairman Jerome Powell signaling a possible pause in 2025 due to inflation concerns.
Increased exchange netflow suggests intensified sell-offs, with 33,000 BTC ($3.1 billion) sent to platforms in the past week, indicating potential for further downside.
Key risks include rising supply on exchanges and muted demand, which could weigh on Bitcoin's price in the short term.
Market Outlook Pi Network faces credibility challenges as delays continue to test its user base’s patience.
Shiba Inu showcases resilience and innovation, positioning itself as more than a meme coin through ecosystem diversification.
Bitcoin’s price trajectory will depend on market sentiment and demand dynamics, with increased exchange activity suggesting cautious near-term trading strategies.
Traders should monitor upcoming milestones for the Pi Network, developments within Shiba Inu’s ecosystem, and Bitcoin exchange flows to gauge market direction.
Pi Network Postpones Open Network Launch
The Pi Network’s Open Network launch has been delayed to January 31, 2025, extending the KYC and mainnet migration grace period.
Community sentiment remains negative, with users expressing frustration over repeated delays. The project, launched over five years ago, has yet to deliver on promises of an open mainnet and functional native token.
The team cited inclusion goals, aiming to onboard more users before launching the Open Network in Q1 2025.
Shiba Inu Expands with "SHIB: The Metaverse"
"SHIB: The Metaverse" introduces blockchain-based virtual real estate trading.
Users can trade, develop, and own virtual real estate, with properties recorded on the blockchain.
The ecosystem supports personalized avatars and global connections, enhancing community engagement.
Shiba Inu’s evolution from meme coin to ecosystem includes prior launches like Shibarium (layer-2 scaling) and blockchain games such as "Shiboshi Rush" and "Shiba Eternity."
Bitcoin Faces Increased Selling Pressure
Bitcoin has fallen 12% from its all-time high of $108,000, now trading around $95,000.
The decline follows the Federal Reserve's 0.25% rate cut, with Chairman Jerome Powell signaling a possible pause in 2025 due to inflation concerns.
Increased exchange netflow suggests intensified sell-offs, with 33,000 BTC ($3.1 billion) sent to platforms in the past week, indicating potential for further downside.
Key risks include rising supply on exchanges and muted demand, which could weigh on Bitcoin's price in the short term.
Market Outlook Pi Network faces credibility challenges as delays continue to test its user base’s patience.
Shiba Inu showcases resilience and innovation, positioning itself as more than a meme coin through ecosystem diversification.
Bitcoin’s price trajectory will depend on market sentiment and demand dynamics, with increased exchange activity suggesting cautious near-term trading strategies.
Traders should monitor upcoming milestones for the Pi Network, developments within Shiba Inu’s ecosystem, and Bitcoin exchange flows to gauge market direction.