Most of the encryption market installed a green wave last week, as the market ceiling stabilized at $ 3.06 billion at the time of the press.
Bitcoin rose about 10 %, floating about 94,400 dollars at the time of the press. Even ETHEREUM (ETH) rose up, an increase of 13.5 % in the weekly graph. In essence, most encrypted currencies have seen fixed gains, with some specific stars such as Monero (XMR) and virtual (virtual) protocols that bring two number two increases.
But the distinctive symbol of the PI network is just drowning in the mud. COININECO data shows that the distinctive PI symbol decreased by 3 % over the past seven days, barely carried at $ 0.61. It extends to two weeks, and the decline decreases about 18 %.
The collapse began in the middle of April immediately after nearly 7 million PI icons reached the market. The disclosure remained coming and no signs of slowdown appeared. Next month, another 230 million PI will be immersed in trading, with April 30 alone cast 11.3 million icons. The pressures of comprehensive sale are inevitable. Even loyalists cannot connect this type of leakage forever.
The PI network is made by these exchanges
This made the clay worse, the main exchanges of the Ghost PI network, perhaps due to the amount of controversy made by the project after its launch. For example, Gate.io, OKX and Bitget have already included it.
But the main players like Binance and Coinbase remained silent, although the previous one disturbed the community’s vote in February, where 85 % of users voted “Yes” to include PI, and then nothing. No advertisement, no follow -up.
Read more: Is Cardano (Ada) about to collapse above $ 0.88? This analyst thinks that
Penguin and XMR on the fire
While the PI network burns, penguins in Solana (Pengu) rose. Pengu jumped over 160 % this week, reaching a local summit of $ 0.014 on April 28 before settling at $ 0.012. The market ceiling briefly erupted for $ 880 million, and sneakes to the best 100 before cooling to about 815 million dollars.
No one catalyst has ever to this gathering, but the ideal storm of upward feelings, Solana hesitated, and even the World Penguin day probably on April 25. Society quickly closed the momentum, as some call for the maximum of the penguin market to break a billion dollars – assuming that the noise machine is not running out of fuel first.
Altcoin is the last newspaper’s headlines today is Monero (XMR), the privacy currency that has risen more than 50 % in just a few hours, exceeds the sign of $ 300, as reported by Cryptomode.
