The value of the PI decreased to $ 0.90 before recovering slightly to $ 1. This dramatic decrease caused a decrease in the price of PI from 11 to 23th on CoinMarkcap. The market ceiling also achieved great success, as it was now sitting less than $ 7 billion.
Omar Khan, host of 99bitcoins Youtube, tackled the disturbing situation with the PI. The cryptocurrency witnessed a large sale, as approximately 30 % decreased in one week.
Many of the first mines accumulating PI for about six years, finally spend their property. While Omar admits that this is the achievement of profits, the rapid decrease in prices from $ 3 to less than one dollar raised serious concerns about the future of the currency.
Continuous disputes over the PI network
The expected Binance menu still awaits many PI supporters. Despite Binance Publishing a poll On X about a possible PI insert, no concrete developments have followed.
More worrying are fraud accusations by industry characters. Justin Bones, co -founder of Cyber Capital, called “MLM directly”. He specifically criticized his central structure and wondered whether any real mining is already on the network.
Omar pushed these allegations, noting that many users do not consider PI a fraud. He stressed that most of the miners have only invested time, and received mainly free coins through the process of mining mobile devices.
Future expectations for the price of PI network
Despite the current contraction, the most prominent life of some positive developments. PI celebrations were born community participation, and the “Pi Fest” shopping period ended on March 21, the companies that started accepting PI as payment.
Also read: veteran veteran Crypto Bitcoin MainTivies urge attention to these indicators
Omar remains optimistic, indicating that with the preparation of the encryption markets to reflect its descending trends, the PI can return to its previous price point of $ 3 or rise. The viewers reminded that PI once reached 11th and expressed its confidence in its ability to return.
However, it was closed with the evacuation of the record responsibility that his analysis should not be considered financial advice, and viewers must conduct their own research before making investment decisions.
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