Cryptocurrencies Price Prediction: PI, Bitcoin & Ripple – European Wrap 12 August

Pi Network Price Forecast: PI hits a make-or-break level amid renewed social buzz

Pi Network (PI) is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI.

Data from onchain analytics platform Glassnode shows that fees as a proportion of miner revenue remain near decade lows after falling to just 0.52% in April.

Miners face ongoing pressure as declining Bitcoin prices and rising electricity costs squeeze profits and force smaller players out of the market. Glassnode co-founder Rafael Schultze-Kraft noted that fees had made up less than 1% of miner revenue for almost a year.

Ripple Price Forecast: XRP lags recovery as exchange reserves expand

Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak. A drop below the key short-term support would further undermine recovery prospects.