Crypto prices had a mixed performance last week after the Federal Reserve left interest rates unchanged and the U.S. Securities and Exchange Commission ended its appeal against Ripple Labs.
The crypto fear and greed remained in the fear zone, while Bitcoin (BTC) failed to move above $90,000. Ethereum (ETH) and most altcoins also remained in a technical bear market.
Crypto prices may remain on edge this week as the market anticipates President Trump’s reciprocal tariffs. Some of the top cryptocurrencies to watch will be PancakeSwap (CAKE), EOS (EOS), Pi Network (PI).
PancakeSwap
PancakeSwap, the biggest decentralized exchange on the BNB Chain will be watched closely this week because of its recent performance. CAKE jumped to a high of $2.82 last week, up by 105% from its lowest level this month.
Its surge happened as it regained the mantle as the biggest DEX in the industry regarding volume. Its weekly volume jumped by 60% to $14.8 billion, more than Uniswap’s $8.29 billion and Raydium’s $2.5 billion.
PancakeSwap’s volume jumped because of the recent meme coins launched on the BNB Chain like Mubarak and Brocolli.
The challenge for PancakeSwap, however, is that most meme coins surge initially and then drop as insiders capitulate. As such, it may be in the same situation that Solana DEXes like Raydium and Orca were in a few months ago. At the time, their volumes jumped and crashed as Solana meme coins imploded.
EOS
The EOS token rose to $0.6676 last week, up 55% from its lowest level this year. This rebound happened after EOS rebranded to Vaulta, which seeks to focus mostly on blockchain banking.
The rebrand will see the EOS token rebranding to Vaulta, whose ticker will be unveiled in April. It will inherit EOS’s underlying infrastructure, including the integration with exSat, the Bitcoin banking solutions.
Historically, rebrands have had mixed outcomes for the networks. Some, like the recent Fantom rebrand to Sonic, have been highly successful. Sonic’s total value locked and stablecoin market cap has jumped to a record high lately.
Others have not achieved their goals. Recall Polygon’s token rebrand from MATIC to POL and Elrond’s shift to MultiversX.
Pi Network
Pi Network (PI) token price will be in the spotlight this week because of its recent plunge. It has dropped from the all-time high of near $3 to the crucial support at $1. This crash happened as exchange listings by companies like Binance, Kraken, Coinbase, and Upbit remained elusive.
Pi Network investors are also concerned about the planned token unlocks. It will unlock 188 million new tokens this month and over 1.6 billion more in the next 12 months.
On the positive side, as shown above, the Pi Network token has slowly formed a falling wedge pattern, pointing to an eventual comeback later this week or in April.
Read the full article here
