XRP, Pi Network prices jump with Bitcoin nearing $95k

XRP and PI rallied, up 8.83% and 6.5% respectively, in the midst of growing optimism around XRP ETF prospects and the main progress of the PI network.

The cryptography market shows the first signs of recovery, with XRP of Ripple (Xrp) up 8.83% and Pi of the PI network (Pi) Token winning 6.5% Wednesday, like Bitcoin (BTC) continues its climb to the level of $ 95,000.

Part of the renewed attention around XRP can relate to the recent comments of the CEO of Téucrium Sal Gilbertie, which was maintained with Bloomberg About real token applications.

Calling XRP A coin with the “most utility of the market”, Gilbertie contrasted it with Bitcoin, which he described as a value store. Gilbertie, however, did not really explain what he meant by “the most public services”, but he was just held to rent the Ripple team, saying that they act “like investment bankers”.

At the time of the press, XRP increased by 8.58% and is negotiated at $ 2.27 in the XRP / USDT pair, according to the Crypto.News price monitoring page.

Gilbertie’s comments arise while his business is preparing to launch an ETF XRP with 2x lever effect, a decision that could explain the moment of his praise. Although it is not clear how much weight his remarks have led to drive the price, they align with a wider story emphasizing the potential of XRP beyond trade.

Meanwhile, the Pi Network Pi token continues its migration efforts, which can fuel optimism around the token. The network is moving the users to its open Mainnet. According to the Pi network blog adMore than 12 million users have completed migration so far. In the middle of the news, the PI price in the PI / USDT trading pair jumped 6.5% to $ 0.66.

Bitcoin’s recent momentum can also support feeling on the whole market. As Glassnod analysts have pointed out A post XBTC has now exceeded the price of the short -term holder produced, which is often used as a key reference to the feeling of the market. If Bitcoin remains above this level, it could indicate renewed confidence and pave the way for new gains.