As we kick off another week in the volatile world of cryptocurrencies, the market is showing signs of strain after a tough stretch. Last week, Bitcoin dipped to around $84,600, pulling back from its recent highs above $95,000 earlier in November. The total market cap for all tokens took a hit too, shedding billions in value amid broader selling pressure. But even in these choppy waters, there are always standout projects worth keeping an eye on. In this post on my blog at https://phocrypto.com/, I’ll break down three top cryptos that could make headlines this week: Monad (MON), Pi Network (PI), and XRP. As someone who’s been deep in the crypto and investing space for years, I love sharing these insights to help you navigate the opportunities—and risks—ahead.
Monad’s Big Moment: Mainnet Launch and What It Means
If there’s one project stealing the spotlight right now, it’s Monad. Today marks a massive milestone as Monad rolls out its public mainnet at 2:00 PM UTC, complete with its token generation event. This comes hot on the heels of their initial public offering partnership with Coinbase just last week, which already turned heads in the community.
What makes Monad exciting? It’s all about those seamless integrations that position it as a high-performance layer-1 blockchain. We’re talking connections with heavy hitters like Wormhole, LayerZero, RareBetSports, Chainlink, Curve Finance, and Aave. These partnerships could supercharge its ecosystem from day one, drawing in developers and users looking for faster, more efficient alternatives to crowded networks like Ethereum.
That said, I’m tempering expectations on the price front. With the broader crypto market in a downturn—Bitcoin hovering below $90,000—new launches often face immediate selling pressure. History tells us that tokens like LayerZero (ZRO), Wormhole (W), and ZkSync (ZK) saw sharp drops right after their debuts. Plus, airdrops tend to trigger dumps from early holders cashing in. The layer-1 and layer-2 space is getting saturated, with hundreds of projects vying for attention. If you’re eyeing MON, watch for post-launch volatility; it could retreat before finding its footing.
Pi Network: Steady Gains and an AI Twist
Shifting gears to Pi Network, this one’s been quietly outperforming while others stumble. Last week, as Bitcoin and most altcoins took a nosedive, PI held steady in a tight range and even notched some gains. From a technical standpoint, it’s looking like it’s in the accumulation phase of the Wyckoff method—think building up steam before a potential breakout. Chart patterns show an inverse head-and-shoulders setup and something resembling a double-bottom, which often signals a rebound on the horizon.
Currently trading around $0.24, Pi Network has real catalysts brewing. The team recently pivoted toward the exploding AI sector, investing in OpenMind and exploring ways for node operators to lend their computing power to AI companies. With mainnet preparations accelerating— including a planned drop in mining rates as we approach full launch—this could open up new revenue streams and boost adoption. In a market where AI and blockchain are increasingly intersecting, Pi’s move feels timely. Keep an eye on user growth; they’re racing toward 100 million engaged pioneers, which could trigger the next halving event.
XRP: Holding Support Amid ETF Excitement
XRP rounds out our list, and it’s one to monitor closely as it clings to key support levels. The token has stayed above $1.8430—a floor it’s tested multiple times since last December—despite the market’s woes. As of now, XRP is trading at about $2.07, up over 7% in the last day alone. A sustained break below that support could spell more downside, but for now, it’s showing resilience.
Related: Pi Network Price Analysis: Double Bottom Signals Potential Relief Rally Ahead
The big news? ETF launches are hitting the scene today. Grayscale and Franklin Templeton are debuting their spot XRP ETFs, following approvals from the NYSE. This builds on the momentum from Canary and Bitwise’s XRP ETFs, which have pulled in over $422 million in inflows even during this bearish phase. Inflows like these can provide a floor for prices, especially as demand for crypto ETFs remains solid overall. If you’re into Ripple’s ecosystem for cross-border payments, these developments could reignite interest and push XRP higher in the short term.
Other Cryptos on the Radar
Don’t sleep on the usual suspects either. Bitcoin and Ethereum will always dominate the conversation, especially with ongoing market corrections. Chainlink’s oracle tech could see action if DeFi picks up, and Dogecoin? It’s in the mix too, with Grayscale launching its DOGE ETF alongside the XRP one today. These could add some meme-fueled volatility to the week.
In wrapping up, the crypto space is full of twists, and while these projects have potential, remember the market’s unpredictability. Stay tuned to https://phocrypto.com/ for more updates—I’ll be diving deeper into trends like these.
*Disclaimer: The information provided in this article is for educational and informational purposes only and should not be considered as financial advice. Cryptocurrency investments involve significant risks, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author may hold positions in the cryptocurrencies mentioned.
