Cryptocurrency is highly unstable after President Donald Trump again, after 25% tariff on re -imports.
Bitcoin (BTC) drowned below $ 83,000 on Tuesday, March 4 when tariffs became effective; By Thursday, some tariffs were suspended or delayed and bitcoin bounced above $ 90,000.
On Sunday, it is again immersed below $ 83,000 and is 11.8% below in the last seven days. Atherium (Eth), meanwhile, is hovering above $ 2,000 and is over the same time below 18.2%.
As we go in a new week, Crypto.News chose three altcoins to spotlight: Arbitrator (ARB), FLR (FLR), and Pi Network (PI)
Mediation
The arbitration is a strong downward below for about two years. In 2023, it reached $ 2.4253 and became the second largest layer -2 blockchain in the industry.
This eventually reduced the record of $ 0.312.
Why did this crash? Arbitrum is a highly thin cryptocurrency. Its total supply is 4.41 billion against the total supply of 10 billion coins. It releases 479,068 new tokens each day, and this week, it will unlock 93.2 million. These unlock will run till April 2027.
The Arbitrum token has been in a standing down trend in the last few days, and has just fallen below the significant support at $ 0.4310. It remains below the 50-day moving average, while the relative power index has moved downwards.
Therefore, the token will probably continue to fall forward and token after unlock. If this happens, the next ARB price will be at $ 0.25 to see.
Arbitrum was developed by offcutin labs, a New York -based company, founded by Steven Goldfeder, Ed Felten and Harry Kalodner.
Glow
Flair is another top cryptocurrency to see as it unlocks a token of $ 28.16 million, which is equal to 2.90% in circulation. It has already unlocked about 68% of all tokens in circulation.
The Flair token retreats to $ $ 0.01575 from high level of $ 0.03840 on 3 December, the lowest level since November 15.
It has crashed below the 50-day moving average. On the positive side, it has formed a falling veg pattern with two lines to converge. Therefore, there is a possibility that the price of flare will bounce back, and possibly take the 50-day moving average to $ 0.0220.
Flair was developed by Flair Network, founded by Hugo Philion, Sean Rowon and Francisco Rordon. Its blockchain aims to enable smart contracts and interoperability with a non-smart-anticipation network such as bitcoin and XRP.
The token plays several roles within the ecosystem, including the regime, where holders can vote on network proposals, and partnership in the Flair Time Series Oracle, a decentralized Oral system where users can earn awards.
Additionally, FLR can be used as collateral within decentralized finance (Defi) applications and can be paid for transaction fees on network.
Pi network
The popular tap-to-e-kamai token PI network has crashed over the last few days, reaching a low of $ 1.3960 since February 2023. After the decline, it declined that the PI would unlock more than 1.4 billion tokens this year.
The price of the PI coin has fallen below the major support at $ 1.5337, the neckline of a head and shoulder pattern. It has also formed a small recession pattern and has gone slightly below the 50-term weighted moving average.
Technical suggestions that the value of the PI will continue to fall as vendors target psychological points at $ 1.00.
Other top cryptocurrency will be Aptos, perpetual protocol and apecoin this week, which will unlock millions of tokens. Mainstream coins such as bitcoin, atherium and XRP will also be in meditation this week as traders saw their price action after being in a tight border for weeks.
On the positive side, a possible listing by top exchanges such as benns and coinbase may provide some relief.
PI Network Stanford Graduate Dr. Nicholas Kolis, Dr. Chengdiao was made by fans and initially by Vincent McFillip.
