Top Three Crypto Tokens to Watch This Week: Pi Network, Worldcoin, Bitcoin
The crypto market has stabilized this weekend as crude oil prices continue to fall in perpetual futures markets following the pause in US-Iran attacks. This week could bring heightened volatility across the crypto industry.
Bitcoin in the Spotlight as Focus Remains on ETF Inflows and Strategy Actions
Bitcoin has held steady above the crucial support of $64,000 in the past few days. This performance will come to the test on Monday as Michael Saylor’s Strategy unveils its recent corporate actions.
The company has now gone for three weeks without selling its Bitcoin holdings and now holds 843,775 coins worth about $54 billion. Instead, the management has opted to raise capital by selling shares.
Strategy will reveal its actions on Monday. If it reports that it sold Bitcoin, the coin may go under pressure and possibly reverse some of the recent gains.
Bitcoin price will also react to the actions in the ETF market. Recent data shows that spot Bitcoin ETFs shed assets in the last two consecutive days. Before that, these funds added assets in the last eight days. In total, these funds have had net inflows of $233 million after losing $7 billion in May and June, combined.
WorldCoin in Focus After Raising $52.5 Million
WorldCoin’s price has plunged by over 50% from its peak amid concerns that OpenAI may delay its IPO. The two companies were both founded by Sam Altman, who now heads OpenAI, currently the second most valuable AI startup in the world after Anthropic.
WLD price will be in the spotlight after World Foundation raised $52.5 million from prominent companies like Pantera Capital, Susquehanna Crypto, Eightco, and Selini Capital.
Pi Network in Focus After Major Upgrades
Pi Network token has been in a freefall since its mainnet launch in February last year, and is now hovering near its all-time low. The token will be in focus after the developers completed the distribution of its second testnet token, SLICE.
Pi Network’s launchpad is a feature that will make it possible for developers to launch utility tokens on the network. It will have liquidity pools and other features.
At the same time, the developers are working on the PiDEX platform that will make it possible for people to trade these tokens. This capability will be made possible by the recent network upgrades that have introduced smart contracts to the network. Pi Network will also unlock millions of tokens this week.
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