Pi Network Approaching Zero? Price Drops Below $0.52
Pi Network has fallen 16% in 24 hours to $0.5128 as the crypto market falls 1% over tariff and recession worries.
PI has dropped 38% in a week and 74% in a month, sparking worries that it is dying.
The coin is down 82% from its February 26 all-time high of $2.99, another sign of a dramatic fall in interest and trust.
Since no new large exchanges are listing PI (yet), it's expected to keep falling as long as the market is terrified by the US-world trade war.
It has dropped 80% of its value since peaking in late February, and its chart shows its near-complete momentum loss.
After so long with poor signs, an asset should have returned, therefore Pi Network's lack of a comeback in recent weeks may indicate a significant issue.
The global economy is approaching a period of instability and even recession, making a lasting recovery unlikely.
Pi Network also has poor market credibility, with some traders and analysts calling it a data-harvesting scam, Ponzi, or both.
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