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Pi Network's 6th Anniversary Celebration: Three New Products Launch, Pi Coin Plummets 14%!
On March 15th, Pi Network celebrated its sixth anniversary, featuring the auction of .pi domain names, an upgrade to the ecological interface, and the inaugural open network PiFest! The .pi auction is open to the entire community, starting at a minimum of 10 Pi, with the highest bidder claiming the intellectual property rights; PiFest ignites globally, with 100,000 merchants joining, and 49,000 active sellers driving a shopping frenzy; development plummets, and mainnet applications go live immediately. However, the good news failed to ignite the market, with Pi Coin dropping 14.48% within 24 hours, currently priced at $1.46, down 19% for the week, and halving 51% from February's high of $2.99. A sudden price collapse raises questions about the underlying truth.
Mainnet Migration Collapse: Pi Coin's Downward Spiral Continues, Confidence Crisis Emerges!
Though PiFest is hot, there are hidden concerns. Frequent network failures on the day of the mainnet migration made it difficult for users to transfer tokens, causing Pi Coin to drop from a high of $1.72 to below $1.50, with a 35.3% decline this week. Eye-catching data from CoinGecko shows a drop after peaking at $2.99 for 6 days, with the psychological support at $1.40 now at risk. The 10-day and 20-day EMAs ($1.59, $1.66) are obstacles, and without breaking the previous rebound, there is little hope. While the PiCoreTeam on X celebrates, netizens lament the failure of the migration, and investor confidence wavers—was this drop due to technical errors or market reshuffling?
Celebration vs. Price Bottom: What’s Next for Pi Network?
The .pi domain and PiFest aim to activate the ecosystem, with ambitious open network plans, yet Pi Coin continues to plummet, and the anniversary glow fades. The auction's competitive bidding is tight, and merchants' enthusiasm cannot hide the mainnet's flaws; $1.46 consolidation conceals risks over the weekend. If Wall Street capitalizes on this momentum to sing the blues, falling below $1.40 could trigger a sell-off; however, if the community supports it, breaking above $1.66 could lead to a counterattack. Stay tuned to +Zuye live stream for the Pi Network's anniversary spectacle: is the new product a redemption, or will it plunge into the abyss? The suspense awaits resolution!
On March 15th, Pi Network celebrated its sixth anniversary, featuring the auction of .pi domain names, an upgrade to the ecological interface, and the inaugural open network PiFest! The .pi auction is open to the entire community, starting at a minimum of 10 Pi, with the highest bidder claiming the intellectual property rights; PiFest ignites globally, with 100,000 merchants joining, and 49,000 active sellers driving a shopping frenzy; development plummets, and mainnet applications go live immediately. However, the good news failed to ignite the market, with Pi Coin dropping 14.48% within 24 hours, currently priced at $1.46, down 19% for the week, and halving 51% from February's high of $2.99. A sudden price collapse raises questions about the underlying truth.
Mainnet Migration Collapse: Pi Coin's Downward Spiral Continues, Confidence Crisis Emerges!
Though PiFest is hot, there are hidden concerns. Frequent network failures on the day of the mainnet migration made it difficult for users to transfer tokens, causing Pi Coin to drop from a high of $1.72 to below $1.50, with a 35.3% decline this week. Eye-catching data from CoinGecko shows a drop after peaking at $2.99 for 6 days, with the psychological support at $1.40 now at risk. The 10-day and 20-day EMAs ($1.59, $1.66) are obstacles, and without breaking the previous rebound, there is little hope. While the PiCoreTeam on X celebrates, netizens lament the failure of the migration, and investor confidence wavers—was this drop due to technical errors or market reshuffling?
Celebration vs. Price Bottom: What’s Next for Pi Network?
The .pi domain and PiFest aim to activate the ecosystem, with ambitious open network plans, yet Pi Coin continues to plummet, and the anniversary glow fades. The auction's competitive bidding is tight, and merchants' enthusiasm cannot hide the mainnet's flaws; $1.46 consolidation conceals risks over the weekend. If Wall Street capitalizes on this momentum to sing the blues, falling below $1.40 could trigger a sell-off; however, if the community supports it, breaking above $1.66 could lead to a counterattack. Stay tuned to +Zuye live stream for the Pi Network's anniversary spectacle: is the new product a redemption, or will it plunge into the abyss? The suspense awaits resolution!
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