BlackRock leadership, including former Web3 sceptic Larry Fink, believes that tokenization can smoothly bridge crypto and traditional finance. Although the BlackRock leadership repeats that tokenization can’t replace the financial system in full, they see a convergence between traditional institutions and crypto projects.  Meanwhile, the market started recovering after a leverage flush on December 3, which

The post Can Pi Network Price Hit $10? appeared first on Coinpedia Fintech News Pi Network has been making headlines again, with new partnerships, strong community debates, and rising expectations. However, many are asking one question: Can Pi Coin reach $10 someday? Price Pressures and the Current Dip Pi Coin has been trading in a clear dip, mostly because of increased selling pressure and new token unlocks hitting the …

The post Pi Network Price Shows Signs of Recovery as Unlock Rate Cools appeared on BitcoinEthereumNews.com. Pi Network price could be a coiled spring ready to pounce after spending the last few months in a narrow range. This rebound could happen soon as the pace of its token unlocks is set to slow down substantially in the coming months.  Pi Network Price to Benefit From Falling Pace of Token Unlocks One reason why the Pi Network price has crashed by over 90% from its highest level in February is its continued token unlocks, which will continue in the coming years. The pace of token unlocks has been in an uptrend since its mainnet launch in February, and the network will unlock 190 million tokens this month. On the positive side, the pace of unlocks will continue slowing through June next year. Data compiled by PiScan shows that the network will unlock 121 million tokens in January, a figure that will continue falling until it hits a low of 76.3 million in June this year. Pi Network Unlocks Token unlocks are usually bearish for cryptocurrencies as they normally increase the number of tokens in circulation, which in turn leads to high inflation. Therefore, a decline in Pi Network’s pace of token unlocks will be a good thing for the price. This decline will come at a time when Pi is having some notable tailwinds. One of these tailwinds is its recent investment in OpenMind, which accelerated its pivot to the booming artificial intelligence industry. In a statement this week, OpenMind said that it had entered a partnership with Circle, the creator of the USDC stablecoin. The partnership will see the two companies create a foundational set of machine-to-machine payments.  Its statement noted that the two companies will bring USDC-powered micropayments to life and shape the infrastructure of autonomous AI transactions. While the statement did not mention Pi…