The PI network was in a free fall during the past week, with another 20 % collapse in the past 24 hours, as it decreased along the way to $ 0.44, and fell from the top of 30 encryption lists. Investors have lost hope in recovering PI prices, amid another 60 % expectations to $ 0.1. Despite some developments, Altcoin’s total market morale has turned into severe landing.
The PI network was on free fall
The price of the PI network does not respect any support levels and faces strong pressure for sale with the launch of daily trading sizes to $ 500 million. This massive dumping comes at a time when investors lose confidence in the project amid delay in launching Mainnet, KYC, etc. As a result, many higher encryption exchanges such as Binance and Coinbase may distanced from the Coin menu on its platforms.
On the other hand, Pidaoswap has raised concerns about the prolonged delay in receiving your knowledge (KYB) approvals. As a temporary solution, the Pidaoswap chose to launch unique non -operating codes (NFTS) on the Binance series to keep the project momentum while waiting for organizational clearance.
In addition, other developments such as BanXa integration also do not work for Pi Network at the present time.
Four reasons The price of the coin can decrease to $ 0.1
Amid the very weak performance and a decrease of 85 % of its highest level in Feb $ 3.0, experts are now speculating that the price of a PI may decrease to $ 0.1. The four main factors that can contribute to this are:
- The risks of collective sale: With a society exceeding 60 million users, concerns are escalating about what can happen as soon as KYC holders are completed. If a large part decides to come out, the resulting supply flood can overwhelm the market. Currently, the PI network owns 6.79 billion traded symbols, while providing the maximum 100 billion – which spoils a wide space for mitigation.
- Lack of major exchange lists: Without lists on higher platforms such as Binance or Coinbase, market confidence can stumble. PI may remain confined to medium exchanges such as OKX and Gate.IO, which limits liquidity and price stability.
- Weak Macro Market: The decline in the broader encryption market – especially if Bitcoin decreases lower than 70,000 dollars – can lead to widespread sales. As a very speculative origin, PI may be among the most difficult blow.
- Roard interest growth: Projects such as Zito Realty and Piffest are cited as applications in the real world, but if these initiatives fail to expand useful, the ecological system may lose momentum, which is close to Penny-Coin mode.
The prediction of our PI currency indicates that Altcoin will be circulated below the level of $ 0.40 during the next month. Given the current free fall, the PI Core team needs to advance to arrest the additional negative aspect, and restore confidence within society.
Bushan Akolkar
Bhushan is enthusiastic about technology with a severe understanding of the financial markets. His interest in economics and financing has focused on emerging technology and encrypted technology markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
partner: