Sui and Remittix To Skyrocket But Pi Network and Trump Official Set For Further Decline

Bitcoin’s latest resurgence above the $95K resistance mark has reignited the crypto market

The recent surge in Bitcoin above the $95K resistance mark has brought altcoins into the spotlight as the king crypto continues its journey to new highs. While tokens like Sui and Remittix are about to enter their next bullish phase, it seems that Pi coin and the Official Trump are continuing their bearish trends.

Insiders are closely watching SUI as it gains attention from institutions with 21Shares, a well-known asset manager, planning to apply for an SUI ETF. This move follows their partnership to expand the firm’s blockchain reach and collaborate on product developments.

Moreover, 21Shares submitted an S-1 registration filing with the SEC to launch an SUI ETF. The application is still pending approval from the SEC.

Besides this institutional inflow, Crypto.news noticed a bullish flag and a golden cross, which are technical indicators that suggest a strong breakout towards $6 as its funding rate turns positive and decentralized finance assets increase.

Despite these bold predictions, investors are still cautious as eyes are turning towards SUI’s latest 304 million token unlock.

The PI price is resuming its downtrend in May as it failed to hold the $0.6 support level. Most of the recent bearish pressure in the PI market came from the token unlocks and fears of further dilution.

According to a recent report by TokenInsight, PI network unlocked 21.4 million tokens in April alone, worth roughly $12.3 million at today’s prices.

Despite the worsening market sentiment, investors are still hoping for a turnaround as PI Network introduces the Pi Ad Network.

This decentralized advertising platform enables advertisers to purchase ad space using Pi cryptocurrency and allows app developers to earn Pi by displaying these ads within their applications.

After announcing the private gala dinner with the president on 22 May for the top 220 holders, Donald Trump’s meme coin jumped by more than 50%.

Despite the excitement amongst its holders, the Official Trump has seen its price plummet by 25% over the last 7 days.

This adverse price action comes after Trump Media unveiled its plans to launch a utility token and crypto wallet to monetize Truth Social and expand its streaming services.

The company’s CEO, Sebastien Vieille, stated that the social media platform, which has over 100 million users, will be used to generate demand for the new token.

This news follows the recent partnership between Remittix and ChainGPT to integrate AI technology into its PayFi solutions. Remittix is a PayFi project focused on providing seamless cross-border payments with low fees and high speed.

The project is currently in presale, selling for just $0.0757, the perfect entry price for a project that promises to revolutionize the $190 trillion payment market.

In its ongoing presale, Remittix has raised over $14.75 million after selling 532 million RTX tokens. The FOMO is on, and Remittix is poised to become the ICO of the year.

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