Crypto prices were on edge, with most of the top altcoins falling by double digits amid profit-taking among investors. This article conducts an in-depth prediction on Pi Network and Block3, and what to expect in the coming days.
Pi Network Price Prediction
Pi Coin price has been in the spotlight this week after it made a bullish breakout as BanklessTimes had predicted here. It jumped to a high of $0.6650, its highest level since May 31st and 72% above the lowest level this month.
Pi Network price has now pulled back and moved slightly below the support level at $0.5900. This retreat happened as investors booked profits after the recent surge and other cryptocurrencies fell.
Technicals suggest that the Pi Coin price has more upside in the coming days. First, it formed a double-bottom pattern at $0.3945, its lowest point in April and June. This is one of the most bullish patterns in technical analysis. Its neckline is at $1.6622, its highest swing on May 12.
The other bullish aspect is that Pi Network price has formed a falling wedge pattern, a popular bullish reversal sign. This pattern comprises of two descending and converging trendlines, and usually leads to a bullish breakout. In this case, the price target of the wedge is nearly $0.85,
The ongoing retreat could be part of a break-and-retest pattern. This is a situation where an asset makes a bullish breakout above a crucial level, retests it, and then resumes the uptrend. As such, retesting the upper side of the wedge at $0.50 cannot be ruled out, and would be a bullish sign.
The main catalyst for the Pi Network price is the upcoming Pi Day 2, a popular event that some see as the real Pi number. It happens on June 28, which is double the initial Pi Day on March 14.
Block3 Could be the Next Big Thing in Crypto
Meanwhile, Block3, an upcoming crypto project is aiming to become the next big thing in the AI gaming industry. It is in the final stage of launching its token sale, which will start in the next four days.
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Block3 is at the intersection of two multi-billion-dollar themes: AI and gaming. Its platform will be an AI-powered project that will enable users to build complicated games within hours. Today, without this technology, it takes years and millions of dollars for studios to launch these games.
Block3 will be powered by its technology known as Trinity, which is an AI model built on a distributed approach. In this, users will enter text prompts on Trinity’s model as they do with ChatGPT. After this, the network will interpret the prompt, and the final product will be an entire immersive game.
Block3 is disrupting one of the biggest areas in the crypto industry. CoinGecko data shows that gaming tokens have a market capitalization of over $10.2 billion, while AI tokens are valued at over $23 billion.
Block3 will use the funds it raises in the upcoming token sale to build and launch its products. The token sale will have a big giveaway of 8 million BL3 tokens and other incentives. Learn more about Block3 here.
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