TL;DR

Pi Network plans to launch the Open Network on February 20, allowing Pi tokens to become publicly accessible and tradable on crypto exchanges.

Bitcoin (BTC) has fluctuated between $95K and $100K in the last week, with analysts split on whether it will break past $100K or face a correction below $92K.

The meme coin sector nears $80B market cap, with POPCAT, WIF, and SPX6900 being among the top performers today (February 14), while AI16Z, FARTCOIN, and AIC see some declines.

Pi Network in the Spotlight

The controversial crypto project, which claims to allow people to mine digital assets directly from their smartphones, announced that it will officially launch its Open Network on February 20. The major milestone (if it indeed goes live) will come nearly six years after Pi Networks birth. 

The team previously assured that the introduction of the Open Network would occur once 15 million users passed necessary Know-Your-Customer (KYC) verifications. According to the team, 19 million Pioneers have successfully completed the procedures, while 10.14 million have migrated to the mainnet. 

The launch of the Open Network is a key step toward making the Pi token publicly accessible, as it will allow exchanges to list it. 

Some leading platforms, such as OKX, Bitget, and MEXC, have already revealed their intentions to enable trading services with the asset next week. On the other hand, others have stood aside. Bybits CEO Ben Zhou, for instance, explicitly stated that the exchange will not embrace it. 

Where Next for BTC?

The price of the primary cryptocurrency has been rather unstable in the past week, ranging from below $95K to almost $100K. Currently, Bitcoin (BTC) trades at approximately $97,000 (per CoinGeckos data), with some analysts envisioning substantial gains in the near future.

BTC Price, Source: CoinGecko The X user CRYPTOWZRD recently assumed that the valuation could soon break above the $100,000 resistance level, where there will be a psychological value for retail traders, leading them to pour more money into the market.

The analyst also envisioned that BTC could then surpass the next resistance target of $108,000 and head toward a new all-time high.

Others, like Ali Martinez, suggested that the asset could experience an additional correction in the upcoming future. He claimed that BTCs most important resistance level is $97,530, saying that support below $92,110 is weak. Martinez hinted that falling under that mark could lead to a significant decline, as there is a gap between $90,000 and $70,000. 

Meme Coin Outlook

Last but not least, we will touch upon the meme coin sector, whose market capitalization has slightly increased to almost $80 billion.

The top performers today (February 14) include Popcat (POPCAT), dogwifhat (WIF), and SPX6900 (SPX), whose prices have risen between 6% and 12%. Interestingly, POPCAT also led the pack yesterday after receiving support from Coinbase. 

The leaders in terms of market capitalization Dogecoin (DOGE) and Shiba Inu (SHIB) are also in the green, albeit charting more modest gains. 

Those recording some price declines in the past 24 hours are ai16z (AI16Z), Fartcoin (FARTCOIN), AI Companions (AIC), and others.