Cryptocurrencies Price Prediction: Pi Network, VeChain & Bitcoin – American Wrap 28 August
|Pi Network Price Forecast: PI recovers on Linux upgrade, Stellar protocol 23 news
Pi Network (PI) ticks higher by 3% at press time on Thursday, fueled by the release of Pi Node’s Linux version and the announcement of smart contract functionality with Stellar’s upcoming protocol 23 upgrade. The technical outlook holds a bullish bias as PI rebounds from a crucial support band for a renewed upcycle within a falling channel pattern, with bulls eyeing a potential breakout.
VeChain Price Forecast: VET eyes 32% breakout amid gradual shift to institutional adoption
VeChain (VET) is trending up and trading above $0.0250 on Thursday as bulls aim for a 32% technical breakout to $0.0338. The token’s nearly 4% increase has the backing of the derivatives market, as evidenced by the futures-weighted funding rate rising and stabilizing at 0.0113%.
Bitcoin undervalued versus Gold as volatility collapses, JPMorgan says
Bitcoin (BTC) is trading too cheap relative to gold as its volatility falls to historic lows, Wall Street bank JPMorgan (JPM) said in a research report Thursday.
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