China News by Thebittimes.Com

The cryptocurrency industry has witnessed the arrival and departure of several coins. After six whole years, the Pi Network finally rolled out its very own cryptocurrency. PI entered the market making headlines. Despite a steep decline upon launch, the price of the asset has subsequently risen, hitting a new all-time high of $2.98 on February 27. The real question is if the altcoin will continue this momentum and record an uptick in the coming month. Also Read: GTA 6 Update: ‘Developer’ Confirms 2025 Release and Leaked Map Insights A Look Into PI’s Current Market Source: Pintu PI started at a low of $0.6152 and managed to rise close to the $3 mark within a week of its launch. Throughout the past seven days, the altcoin has surged by nearly 200%. At the time of writing, the Pi Network fell prey to the overall market downtrend and was trading at $1.99. Over the past 24 hours, the asset witnessed a downfall of 25%. Source: CoinMarketCap While the asset is still new, exchanges are ske...

Similar to the rest of the cryptocurrency market, Ripple’s XRP witnessed a massive uptick in its price. The asset stunned the globe with its ascent over the $1 mark. The sixth-largest cryptocurrency reached this level for the first time in three whole years. This further instilled hope back into the XRP market and even led to investors making much more ambitious bets. Also Read: Bitcoin: MicroStrategy to Raise $1.75B For BTC Purchase How High Did XRP Surge? Over the past month, Ripple’s XRP rose by over 100%. The asset went from trading at a low of $0.50 all the way to a high of $1.19. After a weekly uptick of 81%, the altcoin was trading at $1.11, at press time. Sadly, over the last 24 hours, the asset had dropped by nearly 5%. Source More recently, the asset even reclaimed its position over Dogecoin (DOGE). Last week, DOGE took over XRP as the sixth-largest cryptocurrency. But now, the latter was back on top with a market cap of $63.05 billion. Despite its recent uptrend, ...