Token2049, one of the largest events in the crypto market, will take place on Wednesday and Thursday in Dubai. As in the past, this event will feature headline-making discussions with major players in the crypto industry. This article offers brief crypto price predictions for top tokens, including Tron (TRX), Binance Coin (BNB), and Pi Network (PI).
Pi Network (PI): All Eyes on Nicolas Kokkalis
Pi Network will be one of the top crypto coins to watch at Token2049, as it is a sponsor, and Nicolas Kokkalis, its co-founder, will be speaking. He will likely provide more details about the project and its vision.
Most importantly, Token2049 will allow the team to talk with exchanges like Binance, HTX, and KuCoin, which will be attending the event. This means that it could secure high-profile listings, which may lead to a short squeeze soon.
The event comes at a time when the Pi Network price has crashed to its lowest level since April 9. It is down by over 80% from its all-time high, even as other altcoins remain close to their monthly highs.
Technical indicators point to more Pi Coin price crashes in the near term, as it has dropped below all moving averages and is forming a rounded top pattern. The caveat is that the Token2049 event may lead to a short squeeze.
READ MORE: Tron Price Prediction: Is Justin Sun’s TRX the Best Crypto to Buy?
Tron Price Prediction as Justin Sun Interviews Eric Trump
Tron is another leading cryptocurrency to observe at the Token2049 event, as Justin Sun will interview Eric Trump. Tron price has remained in a tight range in the past few months, forming a symmetrical triangle along the way. This triangle is now nearing the confluence level, where a bullish or bearish breakout may happen.
The two lines of the triangle are yet to converge, meaning that the consolidation phase may continue for a while. Eventually, the TRX price may surge to $0.35 due to its strong fundamentals, positioning it as the most profitable layer-1 network.
BNB Price Outlook as Token2049 Intersects With Lorentz Upgrade
The Binance Coin price will be in the spotlight because Binance is one of the top sponsors of the Token2049 event, and its senior officials, including Changpeng Zhao, will be in attendance.
Second, BSC Chain will launch its Lorentz upgrade that will supercharge its block times. All this will happen as the BNB price retests the trendline of the descending triangle pattern. A break-and-retest pattern is a popular bullish continuation sign. Therefore, the likelihood of a strong bullish breakout from $600 to $720 increases significantly in the coming weeks.
