Cryptocurrencies Gain Attention Amid Trade Talks and Events
This week, the crypto market is set to be in the spotlight. The focus will be on U.S.-China trade talks,new consumer inflation data,and the Consensus event in toronto. bitcoin and altcoins have seen a 20% rise from April lows,with the fear and greed index showing a bullish trend.
Key cryptocurrencies to watch include Pi Network,Ethereum,and Solayer. Ethereum’s price surged after the Pectra upgrade, introducing 11 improvement proposals. The coin broke above the $2,132 resistance level and the 50-day and 100-day moving averages. If the rally continues, it could lead to higher prices for ERC tokens like Pepe, Shiba inu, and Uniswap.
Pi Network’s price reached a high of $1.0670, up 158% from April lows. The upcoming Consensus event in Toronto may bring a major announcement from the Pi team,possibly leading to an exchange listing or project partnerships. This could push the Pi Coin price towards $1.8.
Solayer, a staking network on Solana, missed the recent crypto rally, with its price dropping to $1.2. The network will unlock tokens worth $32 million on Monday, with $21 million going to the community. Token unlocks are often seen as bearish, as they introduce new coins into the market.
