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Jakarta, Pintu News – The cryptocurrency market had a rough time last week, with declines seen in most cryptocurrencies including Bitcoin (BTC). This article will look at some of the cryptocurrencies to watch this week according to Bankless Time and the key factors that are expected to influence market movements!

The price of Pi Network experienced a sharp decline last week, reaching a new low of $0.1863 before stabilizing at $0.2675. This decline coincided with a drop in the Crypto Fear and Greed index which saw major investors halt their purchases.
This week, all eyes are on the speech that Dr. Chengdiao Fan, co-founder of Pi Network, will deliver at the TOKEN2049 event. This will be Dr. Fan’s first time speaking at a crypto event, previously always represented by his colleague, Nicolas Kokkalis.
With this highly anticipated speech, it is possible that the Pi Coin price will rebound before and after the speech. Daily chart analysis shows that the Pi Network price has been in a strong downward trend the past few months and is currently near an all-time low. There are indications that the price could rebound this week, possibly reaching up to $0.50.
Read also: Analysts Predict Ethereum (ETH) to Surge to $5,000, Whale Accumulation is the Trigger?

Zora’s price has continued to show a downward trend in recent weeks, from a peak of $0.1462 to the current level of $0.05915. This decline is expected to continue as the token is worth over $9.54 million, which is equivalent to 4.68% of the total supply.
Zora still has a long way to go in terms of token opening, with only 35% of tokens having been opened. This suggests that the Zora price may continue to come under pressure as the circulating supply grows.
Also read: Ripple (XRP) ETF Approved Soon? Price Projected to Reach $33!

Similar to Zora, Sui’s price has also decreased in recent weeks, from a peak of $4.43 in July to $3.20 currently. This price drop is largely due to the general decline in the crypto market and also because Sui is one of the most inflationary tokens in the industry, with millions of tokens being unlocked every month.
This week, Sui will continue the token opening by releasing tokens worth more than $176 million, which is equivalent to 1.55% of the total supply. Currently, about 47% of the tokens have been unlocked and there are still about 53% more to go.
With various important events scheduled for this week, investors and market watchers should pay close attention to the price movements of Pi Network, Zora, and Sui. Speeches from important figures and massive token openings can have a significant impact on the price dynamics in the crypto market.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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