The price of the PI network declined this month as it was the last launch of the PI Ventures, a program of $ 100 million aimed at investing in applications in its environmental system. Pi Coin was traded at $ 0.7440 on Tuesday, a decrease of 56 % of its highest point this month and more than 70 % less than the highest level ever. This article explains the best ways to enhance the price of PI.
Pi network end end
One of the common concerns of investors is that the PI network is a very central entity, with the alleged PI enjoy all power. It has thousands of portfolios that bear the codes of more than $ 92.7 billion.
The institution and the basic team are responsible for all decisions. Unlike many other encryption projects, these decisions are not subject to a vote.
Central currency projects are extremely central to carry out disturbing risks. The main concern is the possibility of the infiltration of the wallet, and it is clear from the recent CETUS. Successful attacks can dump the distinctive symbol on a large scale and subsequent rapid decrease.
Second, there is a risk not to include any large exchange of encryption PI as long as the institution has all this force. Binance refused to recount the currency even after its users voted an overwhelming majority to include it. Other popular stock exchanges such as Coinbase and Upbit will not be included as long as this happens.
Third, the ongoing centralization led to the lack of transparency in the network. For example, those familiar with PI were accused From throwing symbols in the past few weeks. Moreover, centralization offers one failure point.
The most important solution to this central problem is the network’s decentralization by owning thousands of contract worldwide. Also, it will make sense to have a qualified auditor to oversee transactions.
Distinguished code pi
Another higher interest in the price of the PI network is to open the continuous distinctive symbol. Data shows The network will open 1.51 billion symbols in the next 12 months or the average monthly number of 132.3 million. At the current price, the value of the symbols to be opened in the next 12 months is 1.12 billion dollars, or 22 % of the maximum market.
This distinctive symbol will continue for a long time since there are 7.2 billion trading code for the maximum supply of 100 billion.
The unique symbol operations are often declining because it reduces ownership among those present. Also, it increases the supply at a time when the demand does not increase.
One of the possible solutions for this is to burn some unique unique symbols, a step that will enhance the value of the remaining symbols.
PI Environmental System growth
The third way to increase the value of the PI network is the development of its ecological system, which is still small today. One way to do this is the ecosystem box, which was launched by the developers. However, the results of this fund will take many years to happen with months or even years to build high -quality applications.
Another way to change how users interact with applications on the PI environmental system. Instead of developers focus on the PI browser, applications should be available on famous platforms like App Store and Android.
Read more: Behind the noise: Is the PI network a 70 billion dollar ghosts?
PI network price analysis
Pi Coin Price Chart | source: Tradingvief
The eight -hour graph shows that the price of the PI network has been shattered in the past few weeks. He decreased from a height of $ 1.6638 earlier this month to the current $ 0.7380.
The currency formed the dignity science pattern, consisting of a vertical line and a rectangular monotheism. Less than the moving average has moved for 50 days, while the RSI indicated.
Therefore, the currency is likely to continue to decrease as sellers target the main support level at $ 0.50, a 32 % decrease from the current level.
The best 3 ways to increase the price of the remaining PI network first appeared on Invezz
