Crypto costs had a blended efficiency final week after the Federal Reserve left rates of interest unchanged and the U.S. Securities and Trade Fee ended its attraction in opposition to Ripple Labs.
The crypto concern and greed remained within the concern zone, whereas Bitcoin (BTC) failed to maneuver above $90,000. Ethereum (ETH) and most altcoins additionally remained in a technical bear market.
Crypto costs could stay on edge this week because the market anticipates President Trump’s reciprocal tariffs. Among the prime cryptocurrencies to observe shall be PancakeSwap (CAKE), EOS (EOS), Pi Network (PI).
PancakeSwap
PancakeSwap, the largest decentralized change on the BNB Chain shall be watched intently this week due to its current efficiency. CAKE jumped to a excessive of $2.82 final week, up by 105% from its lowest stage this month.
Its surge occurred because it regained the mantle as the largest DEX within the business relating to quantity. Its weekly quantity jumped by 60% to $14.8 billion, greater than Uniswap’s $8.29 billion and Raydium’s $2.5 billion.
PancakeSwap’s quantity jumped due to the current meme cash launched on the BNB Chain like Mubarak and Brocolli.
The problem for PancakeSwap, nonetheless, is that almost all meme cash surge initially after which drop as insiders capitulate. As such, it might be in the identical state of affairs that Solana DEXes like Raydium and Orca had been in a number of months in the past. On the time, their volumes jumped and crashed as Solana meme cash imploded.
EOS
The EOS token rose to $0.6676 final week, up 55% from its lowest stage this 12 months. This rebound occurred after EOS rebranded to Vaulta, which seeks to focus totally on blockchain banking.
The rebrand will see the EOS token rebranding to Vaulta, whose ticker shall be unveiled in April. It’ll inherit EOS’s underlying infrastructure, together with the combination with exSat, the Bitcoin banking options.
Traditionally, rebrands have had blended outcomes for the networks. Some, just like the current Fantom rebrand to Sonic, have been extremely profitable. Sonic’s whole worth locked and stablecoin market cap has jumped to a document excessive recently.
Others haven’t achieved their targets. Recall Polygon’s token rebrand from MATIC to POL and Elrond’s shift to MultiversX.
Pi Network
Pi Network (PI) token worth shall be within the highlight this week due to its current plunge. It has dropped from the all-time excessive of close to $3 to the essential help at $1. This crash occurred as change listings by corporations like Binance, Kraken, Coinbase, and Upbit remained elusive.
Pi Network buyers are additionally involved in regards to the deliberate token unlocks. It’ll unlock 188 million new tokens this month and over 1.6 billion extra within the subsequent 12 months.
On the optimistic aspect, as proven above, the Pi Network token has slowly fashioned a falling wedge sample, pointing to an eventual comeback later this week or in April.
