- summary:
- Coin Network Coin is about to form the death of death after the postal Network Migration team is postponed for a thousand.
Coin PI retained its believing community, which is referred to as affection as pioneers, on the edge for a long time. The PI Core team built a reputation for not honoring its speech on the deportation to the open network, with its latest happening on January 31.
Multiple postponements weighing PI network currency
After the difficult tasks ranging from subscriptions, mining, checking KYC, and even trading in risky coins, investors were hoping that the moment would finally come when they test what they mean to keep PI with real economic phrases.
However, the PI Core team sent a familiar message on the social media platform, X on January 31, saying that the deadline for the period of allowing migration to Mainnet was postponed to February 28.
The team explained that the delay was not intended to give users enough time to transfer their assets and complete the customer verification requirements (KYC). Also, he said that moving to the open network is still taking place before the end of the allowance. Moreover, the team confirms that the transition will continue to take place in the first half of 2025.
Despite the assertion, the PI network water is currently distorted. The endless effects apparently achieved sour feelings in the currency view and the loss of complete confidence in some cases. In addition, the PI IOU coin, which is widely circulated sharply in the wake of the postponement.
The price of the currency has decreased by 6 % in the past 24 hours until these lines, and it is about to form the death cross. Such a cross occurs when the 50-SMA line crosses under 200-SMA. For context, the currency price was $ 87 on November 24, and is currently trading at $ 40, which means that he lost about 54 % of its value in only eight weeks. These factors emphasize the strong downtown momentum that can extend the value of the PI network.
