Pi Network Bounces Back? The .pi Domain Auction Sparks a Frenzy, Could It Push Pi Coin Over the $1 Mark?
The Pi Network ecosystem has rekindled community interest after months of cooling off and regulatory concerns. The ongoing .pi domain auction has become a surprising success, with participation exceeding expectations. This auction allows users to bid on unique Pi-related web addresses, adding excitement and new utility to the platform. Supporters see this as a step towards a stronger future, while critics argue that it does not address concerns about legal issues and the delayed mainnet launch.
Could This Be The Reason Why The Price Of Pi Coin Is Dropping To $0.50?
The Pi coin has once again dominated the internet with its extremely volatile price action. After a successful mainnet launch and a significant price increase, the Pi cryptocurrency has experienced a major setback in the past week. Reportedly, this alternative coin is currently being traded at $0.8167 with a trading volume of $328.95 million. This has led marketers to raise questions such as "Why is Pi Coin declining?" and "What price will Pi drop to?" Furthermore, investors are concerned whether this altcoin will ever return to the elite cryptocurrency list.
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Pi Network is generating a lot of attention in the cryptocurrency community, with many hoping Pi will become the "next Bitcoin." However, there are many factors that will decide the future of Pi Token. 1. Market Performance According to recent data, Pi (traded as IOU) has recorded a burning increase of 259%. This growth is mainly due to strong speculative investment. However, this does not guarantee that Pi will maintain its price increase in the long term.
Cryptocurrency is a type of currency that has no intrinsic value, and we assign it value. If everyone buys from funded projects, then not everything is already at the peak. The sponsors will have cheaper portions. A good project should start from scratch and be driven by a large community. Many people think that mining coins with a phone when they are listed costs them nothing, they only sell, but no one knows how much effort and time they invest. They will not sell when they feel they receive more than what they invested in terms of time and effort, so many choose to lock in and increase the mining speed.
As of December 6, 2024, the cryptocurrency market has recorded significant fluctuations: BTC is currently $97,972.0 Bitcoin (BTC): Currently trading at around $97,972, down 4.56% from the previous day. ETH is currently $3,900.68 Ethereum (ETH): Current price is $3,900.68, up 1.40% from the previous session. BNB is currently $733.55 BNB (BNB): Currently at $733.55, up 1.35% from yesterday. ADA is currently $1.19 Cardano (ADA): Trading at $1.19, unchanged from the previous session.
President Donald Trump announces 5 cryptocurrencies officially included in the strategic reserve of the United States
Recently, President Donald Trump officially announced the list of 5 cryptocurrencies that will be included in the strategic reserve of the United States, marking an important step in increasing the participation of the U.S. Government in the digital asset market. These cryptocurrencies include: Bitcoin (BTC), Ether (ETH), XRP, Solana, and Cardano. Notably, this is the first time these names have been made public, after President Trump signed an executive order on digital assets in January 2025.
Spain Plans to Impose 100% Tax on Real Estate Transactions for Non-EU Buyers
Spain, one of the most attractive destinations for tourism and real estate investment in Europe, is facing a serious housing crisis. To address this issue, the Spanish government has announced a plan to impose a 100% tax on properties purchased by citizens from outside the European Union (EU). Spain is not only a country with a mild climate and beautiful beaches but also a vibrant real estate market that attracts many international investors. However, the situation of Spanish citizens being unable to afford housing is becoming increasingly severe. Prime Minister Pedro Sánchez stated that in 2023, around 27,000 homes were purchased by individuals from outside the EU, but most of them were not for living but for speculation and profit.
The Development of Pi Network on Exchanges and Predictions About the Listing of Pi Coin on Binance
March 1, 2025 – Pi Network is affirming its position in the cryptocurrency market with its native token – Pi Coin (PI) being listed on several major exchanges such as OKX, Bitget, MEXC, and HTX. This presence on these exchanges not only helps increase liquidity but also expands the accessibility for investors globally. 1. The Elevation of Pi Coin in the Market
It should not be listed because it is just early-stage fomo; if pi truly has little, it will be proven over time. I suspect it will deceive everyone and there will be the largest security breach.
blogtienso
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The Development of Pi Network on Exchanges and Predictions About the Listing of Pi Coin on Binance
March 1, 2025 – Pi Network is affirming its position in the cryptocurrency market with its native token – Pi Coin (PI) being listed on several major exchanges such as OKX, Bitget, MEXC, and HTX. This presence on these exchanges not only helps increase liquidity but also expands the accessibility for investors globally. 1. The Elevation of Pi Coin in the Market
Based on the current price chart of $BNB (December 6, 2024), I will analyze the main aspects: Price area analysis: Strong resistance area: $730 - $740: Strong resistance area after a recent slight increase, has been tested multiple times in recent days.$760 - $770: The most recent peak in November, which may continue to act as resistance.$800 - $810: Previous local peak in the summer, which will be a significant challenge if prices continue to rise.
Some cryptocurrencies own their own distinct blockchains, meaning they have independent platforms and ecosystems, not relying on other blockchains like Ethereum or Bitcoin. Below are some notable examples: 1. Bitcoin (BTC) Private blockchain: Bitcoin uses its own blockchain, which is the first and most popular in the cryptocurrency market. It is a decentralized platform with high security and is mainly used as a method of payment and value storage.
The current sentiment of the cryptocurrency market on December 6, 2024, is trending positively, with several indicators and forecasts pointing to strong growth. Key indicators such as the **Fear and Greed Index** all show a "greedy" sentiment in the market, with a score of 84/100, indicating the excitement of investors. Similarly, data from CoinCodex shows that the market is maintaining a strong upward trend with low price corrections, reflecting confidence in stable growth.
Notable coins such as **SUI**, **APT**, and **FTM** are showing strong development signs, thanks to token unlock events or technical upgrades. However, investors should also note that, although the market is in a positive trend, rapid increases can lead to short-term corrections, especially if there is significant selling pressure.
In conclusion, the current market sentiment is "bullish" but also carries caution regarding the potential for short-term corrections in the context of the strong growth of altcoins.
The U.S. interest rate, set by the Federal Reserve (Fed), has a profound impact on capital flows globally, including the cryptocurrency market. Below are the main impacts: 1. Impact on investment capital Interest rates increase: When U.S. interest rates rise, safe assets like treasury bonds become more attractive. This causes capital flows to tend to withdraw from high-risk assets like technology stocks and cryptocurrencies, reducing liquidity in these markets.