The controversial crypto project Pi Network recently made its first investment in the AI sector. Ripple’s XRP is currently under the spotlight with some intriguing price projections, and Ethereum (ETH) shows signs of a potential upcoming rally.

Exploring the AI Opportunity

Earlier this week, Pi Network Ventures partnered with OpenMind, a company dedicated to developing robotic operating systems. This collaboration signifies the first investment by Pi Network in AI, aiming to enhance the utility of PI and incorporate the token into tangible real-world applications.

In this partnership, volunteer Pi Node operators are facilitating image recognition AI models for OpenMind as part of a proof-of-concept initiative.

Recent rumors also suggest that Pi Network is potentially involved in the ISO 20022 standardization efforts, along with the recent activation of Testnet2 v23. These advancements could partially explain why PI has seen a significant price increase, currently trading near $0.25, which marks a 20% rise over a week, although it has dipped 4% in the last 24 hours.

XRP Outlook

At present, Ripple’s XRP stands at about $2.50, reflecting a 12% rise over the past two weeks. This uptick may be attributed to the company’s substantial acquisitions. Recently, Ripple announced the completion of the Hidden Road deal, valued at $1.25 billion, and an additional $1 billion spent to acquire the software supplier GTreasury.

Analysts suggest that XRP still has considerable growth potential. Based on EGRAG CRYPTO’s “10% Theory,” projections indicate the price could surge to between $5.50 and $6. The firm XForceGlobal even speculates an increase above $10 as a conservative estimate.

Additional Insights

• Is Ethereum’s (ETH) Current Dip a Buying Opportunity or a Trap?
• Ethereum’s (ETH) ‘Negative’ Metric Might Actually Mean a Bottom Is Forming
• Bitcoin (BTC) Plunges Before the FOMC Meeting, Pi Network (PI) Soars by 15%: Market Watch

Is a Surge Coming for ETH?

Ethereum, the second-largest crypto asset, suffered significant losses during the recent market correction, with prices briefly dropping below $3,700. However, bullish sentiment has resurfaced, pushing its current value above $3,800. Factors such as a decrease in ETH tokens stored on exchanges suggest a possible rally ahead. Recently, Ali Martinez revealed that 200,000 ETH shifted to self-custody over 48 hours, reducing immediate selling pressure.

However, shortly thereafter, he noted that 230,000 ETH were moved by large holders in the past week, indicating that this might not be an entirely bullish indicator.

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