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Lunam Points
Bitcoin and most cryptocurrencies remained in a tight range last week while investors were monitoring new business developments and tensions between President Donald Trump and Jerome Powell.
The artificial intelligence tokens like Bittensor, Render and the AI companions were the main most efficient cryptocurrencies last week when they jumped two figures.
The best cryptocurrencies to watch this week will be Mantra (OM), same (even) and Pi Network (PI).
Mantra is one of the best cryptocurrencies to watch this week after her dive last week. Management blamed the liquidation accident by a great exchange, while Arkham stressed the sales of tokens by initiates and computer investors. Mantra rejected these complaints and undertook to execute redemptions and chip burns.
The OM token crashed from the summit at the start of the year from $ 9.5 to $ 0.5938 and slowly formed a low -level pennant pattern. Therefore, although investors can be tempted to buy the decline, it is likely to continue to fall, the following point to look at the psychological point at $ 0.50.
Samecoin will be a higher cryptocurrency to look at because of its recent performance and future releases. The same will unravel the tokens worth more than $ 7.57 million, which is equivalent to 7.96% of the total in circulation. A token unlocking often leads to a lower price because it dilutes existing holders.
MEMEcoin Price has worked well in recent days because it has gone from $ 0.00138 this month to a maximum of $ 0.002,794. This rebound occurred after having formed a large motif of the falling corner, a popular bull sign. Samecoin also jumped over the 50-day mobile average.
Consequently, although the upward trend can continue, there is a risk that the medal will decrease in front of the tokens unlocking and may reach the mobile average from 50 periods to $ 0.0018.
Pi Network will also be under the spotlight while its performance continues to disappoint. The token was negotiated at $ 0.60 on Sunday, much lower than the $ 3 summit.
A key reason for the diving is the increase in the network during the network. Data show that more than 1.58 billion tokens will be published online in the next 12 months. The average monthly unlocking is 131 million, worth more than $ 82 million.
In addition, there are concerns about the concentration of PI assets. The developers noted that 65 billion tokens are allocated to community members, while 10 billion are reserved for the foundation, and 20 billion are allocated to the main team. The main team and the foundation can be considered as a single entity, which raises concerns about concentration.
post url: https://altcoin.observer/upper-cryptocurrencies-to-look-at-this-week-mantra-memecoin-pi-network/