Pi Cardano Flare Cryptocurrencies Face Price Volatility and Key Events

The cryptocurrency market remained volatile as risk-off sentiment dominated following the U.S. announcement of broad tariffs and a weak nonfarm payroll report. Major equities and digital assets fell in tandem, with Bitcoin dropping from a July high of $123,200 to $112,000. The total market capitalization of cryptocurrencies also declined, falling to $3.3 trillion from $4 trillion [1]. Among the top cryptocurrencies to watch this week, Pi Network, Cardano, and Flare are drawing particular attention due to key price developments and upcoming events [1].

Pi Network has seen its price fall to a record low, dropping below the critical support level of $0.4016 and experiencing an 87% decline from its peak earlier this year. The breakdown of the double-bottom pattern—commonly associated with a bullish reversal—suggests further downward pressure may be in play. However, some analysts note the potential for a fakeout, where a rapid price drop is followed by a quick reversal, which could see gains this week [1].

Flare Network also experienced a significant price drop, falling from $0.0279 in July to $0.0215 over the weekend. This week, the network will unlock tokens worth over $44.1 million, representing 2.85% of its total supply. Despite the bearish implications of a token unlock, the formation of a doji candlestick pattern on the daily chart suggests the possibility of a bullish reversal. Flare has already unlocked 77% of its total supply, and the market will be closely watching how this event influences its trajectory [1].

Cardano is in the spotlight as its developers prepare to unveil the schedule for the Glacier airdrop during the Rare Evo event in Las Vegas, from August 6 to 10. The event will feature key figures like Charles Hoskinson and Tamara Haasen of Input-Output. The Glacier airdrop will allow over 33 million crypto addresses to claim new NIGHT tokens, with 50% of the allocation reserved for Cardano holders. This development is expected to have a positive impact on the token’s price during and after the event [1].

Cardano has recently dropped in market capitalization rankings, falling to 10th after being overtaken by Tron. However, the network continues to process over 111 million transactions and hosts more than 2,000 active projects, indicating strong underlying technical momentum. The release of an updated development roadmap is seen as a potential catalyst for investor confidence [2].

The broader market is also showing signs of renewed interest in mining activity and tokenized assets, with some analysts forecasting increased adoption across multiple chains in 2025. While Pi Network has struggled to maintain relevance, the industry as a whole is witnessing a resurgence in blockchain-based financial products [4]. However, it is important to distinguish between actual events and speculative forecasts. For example, some price predictions for Flare between 2025 and 2050 remain unproven and should be treated as speculative rather than factual [8].

As the week progresses, the market will continue to monitor the performance of Pi Network, Cardano, and Flare, with their outcomes potentially influencing the broader cryptocurrency narrative in the second half of the year [1].

Sources:

[1] Top cryptocurrencies to watch this week: Pi, Cardano, Flare

(https://crypto.news/top-cryptocurrencies-watch-this-week-pi-cardano-flare/)

[2] Cardano Loses Out To Tron In Crypto Rankings, Will This New Altcoin Replace It in the Top 10 Altogether?

(https://coincentral.com/cardano-loses-out-to-tron-in-crypto-rankings-will-this-new-altcoin-replace-it-in-the-top-10-altogether/)

[4] Cryptocurrency Mining Elevates in 2025

(https://coincentral.com/cryptocurrency-mining-elevates-in-2025-ethransaction-makes-btc-doge-dividends-easily-available-to-everyday-people/)

[8] Flare(FLR) Price Prediction

(https://www.bitget.com/price/flare/price-prediction)