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Bullish
Pi Coin Drops 60% in 14 Daysā What Caused the Massive Drop?
Once a favorite crypto project among young investors, Pi Network is falling. The Pi Network became one of the top initiatives in recent years with its promise of user-friendly mobile crypto mining and expanding community of supporters. When the developers launched the Pi mainnet, its native token, PI, rose to $2.99, a record.
After peaking at $2,99, the token has fallen over 50% in two weeks. Pi is trading between $0.80 and $0.83, exhibiting unfavorable market signs.
Pi Coin Holders Seeking Answers
The Pi Network's Open Mainnet started on February 20th amid tremendous expectation. Social media supporters and crypto miners enthusiastically promoted the project's debut, signifying its decentralization from a restricted environment. After rising to $1.96, the token fell to $0.74 and settled at $1.29.
However, Pi Network's first 30 days were fraught with problems. The Pi Network community had troubles with Binance, including its denied listing. Bearish opinion on the cryptocurrency was caused by project confidence erosion. Over 10 million Pi coins were released, lowering the price 12%.
The Pi Network team promises āWill Be Betterā soon.
Pi Network released 10 million additional tokens on Twitter/X. This announcement quickly lowered the price, but the dev team promised holders and investors that things will improve.
The Future of Pi Network
Recent Pi Network debates have focused on the unclear procedures for building the Pi Network Super Node. The team's transparency and decentralization are being questioned by crypto pioneers and experts. A new PiScan report shows that the Pi Network team holds approximately 83 billion of the 100 billion coins in circulation, making issues worse.
After Pi Network members weren't fully informed on their SuperNode validation role, debates and queries escalated. The development team is optimistic and plans to begin its fresh domain auction. According to current statistics, 200k offers were received in less than a week.
#pi #PiCoreTeam $SOL
Once a favorite crypto project among young investors, Pi Network is falling. The Pi Network became one of the top initiatives in recent years with its promise of user-friendly mobile crypto mining and expanding community of supporters. When the developers launched the Pi mainnet, its native token, PI, rose to $2.99, a record.
After peaking at $2,99, the token has fallen over 50% in two weeks. Pi is trading between $0.80 and $0.83, exhibiting unfavorable market signs.
Pi Coin Holders Seeking Answers
The Pi Network's Open Mainnet started on February 20th amid tremendous expectation. Social media supporters and crypto miners enthusiastically promoted the project's debut, signifying its decentralization from a restricted environment. After rising to $1.96, the token fell to $0.74 and settled at $1.29.
However, Pi Network's first 30 days were fraught with problems. The Pi Network community had troubles with Binance, including its denied listing. Bearish opinion on the cryptocurrency was caused by project confidence erosion. Over 10 million Pi coins were released, lowering the price 12%.
The Pi Network team promises āWill Be Betterā soon.
Pi Network released 10 million additional tokens on Twitter/X. This announcement quickly lowered the price, but the dev team promised holders and investors that things will improve.
The Future of Pi Network
Recent Pi Network debates have focused on the unclear procedures for building the Pi Network Super Node. The team's transparency and decentralization are being questioned by crypto pioneers and experts. A new PiScan report shows that the Pi Network team holds approximately 83 billion of the 100 billion coins in circulation, making issues worse.
After Pi Network members weren't fully informed on their SuperNode validation role, debates and queries escalated. The development team is optimistic and plans to begin its fresh domain auction. According to current statistics, 200k offers were received in less than a week.
#pi #PiCoreTeam $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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