Recent Pi Network (PI) Updates, Cardano (ADA) Price Targets, and More: Bits Recap Nov 29
The post Recent Pi Network (PI) Updates, Cardano (ADA) Price Targets, and More: Bits Recap Nov 29 appeared on BitcoinEthereumNews.com.
TL;DR Pi Network extended its KYC submission deadline to December 31, 2024, raising skepticism due to ongoing delays and broken promises. Cardano’s ADA soared 190% monthly, with bullish predictions suggesting potential highs of $5 to $10 this cycle. Ethereum (ETH) hit a six-month high of $3,700, driven by rising ETF inflows, with 88% of holders currently in profit. The Latest Pi Network News The controversial cryptocurrency project Pi Network (whose goal is to allow people to mine digital assets from their smartphones) remains a hot topic in the crypto space. Despite being around for over five years, it has yet to launch its native token and mainnet. The constant delays and lack of clarity have triggered frustration across the community, with some members doubting the project’s legitimacy. Earlier this year, Pi Network’s team maintained that major developments will occur once all users had passed Know-Your-Customer (KYC) procedures. Initially, they had until late September to do so, but later, the period was extended to November 30. Most recently, the developers moved the deadline to submit KYC applications (known as “the first Grace Period”) to December 31. “The final Grace Period deadline has not changed and is still December 31, 2024. This extension ensures all Pioneers have ample opportunity to secure their Pi while maintaining the overall timeframe of 6-month Grace Period unchanged. Submit your KYC application and complete your Mainnet Checklist by December 31, 2024, to avoid any forfeiture. Take action now – don’t wait,” the announcement reads. We have yet to see if this will be the final extension or yet another broken promise by the team. ADA Price Predictions Cardano’s ADA has taken center stage lately due to its rapid price increase. It currently trades at around $1.06 (per CoinGecko’s data), representing a whopping 190% spike on a monthly…
Filed under: News - @ November 29, 2024 8:17 am