As the broader cryptographic markets fight to recover impulse, a handful of digital assets stand out in the midst of turbulence.
Bitcoin (BTC), which increased to a record of almost $ 112,000 last week, fell to $ 107,000, while market capitalization of all coins tracked by Coingcko fell to $ 3.49 billion.
Network Pi (PI), Cetus protocol (CET) and optimism (Option) They have emerged as the best tokens to observe, showing relative resistance despite the growing risks related to trade that weigh on the feeling of investors.
While most main cryptocurrencies face winds against weakening the impulse and macroeconomic uncertainty, these three projects call our attention.
Network Pi
The price of the Pi network will be at the Care Center this week 70 million More tokens are unlocked worth $ 53 million. Most unlocks will occur on May 28, when 15.2 million currencies connect online.
Pi Network, founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, unlocks new tokens every day. About 261 million currencies will be launched in June and 1.57 billion in the next 12 months. The unlocks more lower the price by increasing the number in circulation, especially when there is no demand.
The price of the PI currency has been under pressure in recent weeks, falling from a monthly maximum of $ 1,6692 to $ 0.7766. This blockade accelerated after the developers launched Pi Network Ventures, which will invest $ 100 million in new companies using the PI currency.
While an ecosystem background is a positive movement, the currency decreased because the announcement did not include a plan to obtain more level exchange listings 1. The developers did not address the centralization problems and the greatest supply through tokens unlocks.
Pi Network has formed a bearish flag pattern in the eight -hour table, pointing to more inconveniences, potentially at least this month of $ 0.5545.
CETUS protocol
Cetus, the greatest decentralized exchange in sui (Sui), appeared in the headlines last week when the computer pirates drained tokens worth millions of dollars. The protocol managed to freeze funds worth $ 162 million before the computer pirates moved them completely.
In a statement, Cetus expected a successful community vote to unlock frozen funds of $ 162 million. Sui said he was designing the vote in the chain, which will probably happen this week.
Cetus also aims to reach a Whitehat settlement with computer pirates. Has also offered a $ 5 million rewards to help identify computer pirates and take legal actions.
CET, its native token, has been in a free fall, going from a maximum of $ 0.2568 on May 22 to $ 0.1300, its lowest level from April 23.
Optimism
Optimism, a higher layer 2 network, will be at the center of attention this week, since it unlocks $ 23.4 million of currencies, which represents 1.88% of the flotation. These unlocks are part of the regular monthly releases.
Op Token has dropped from a maximum of $ 2,7715 in November last year to $ 0.7320 today. It has remained below the mobile averages of 50 days and 100 days. It also formed an ascending expansion wedge, a popular bassist investment pattern.
The Maverick, Dydx, zeal and Finance candles are some of the other cryptocurrencies with large token unlocks this week.