The price of the PI has stabilized in the past few days, surpassing other encrypted currencies, including Bitcoin, Ethereum, Solana and Cardano. Pi Coin was traded at $ 1.7800 on Tuesday, an increase of approximately 18 % over its lowest level this month. About 40 % remains less than the highest level this year.
Extension of the deadline of the KYC deadline line
The price of the PI network remains in the bear market, where investors got profits after the code reached its highest levels ever. This profit was also coincided with the constant collapse of the encryption, which led to $ 1 billion of encryption.
Pi Network Retreat this week after the developers announced the inclusion of the last KYC. The first extension happened in November last year, and the developers have made many others recently.
KYC is a decisive part of the PI network development proposal because it allowed the pioneers who were mining the symbols to verify their identity and deport them to Mainnet. The goal was to make sure that the pioneers were not robots.
It took advantage of the period of allowing the pioneers who found it difficult to check their identity. When it ends, this means that millions of pioneers who mined the distinctive symbols and have not yet transferred their currencies to Mainnet.
Read more: The volume of PI network trading exceeds $ 3 billion: Can you earn a PI currency 240 % in March?
Piots of PI
There are some reasons why the price of PI is better than other cryptocurrencies such as Bitcoin and Ethereum.
First, there are signs that local companies have started accepting the PI as a way to payments in some countries. There are reports that thousands of small companies in countries such as Vietnam, South Korea, Nigeria and Ivory Coast have begun to accept the currency.
In China, there are reports that a BYD car dealer began to provide PI as an option to pay. Although all this is good, there are concerns about the effectiveness of PI on the stage in the world and whether many people will use it.
Another potential incentive for the PI network is that it was created in the United States of America from the former Stanford University students. With the high market value of the PI to more than 10 billion dollars, there is a possibility that users’ attention will gain.
For example, despite the possibility of commitment, it may be included in the strategic encryption reserves by Donald Trump. There is also a possibility that the PI network has an eTF website with its high popularity.
Another potential stimulus of the PI network is that it will soon receive exchange lists by large companies. Binance users have already voted to agree to the Coin Pi menu, which means it will happen soon. This list will allow access to millions of users from all over the world.
Read more: Pi -2025 – 2030 network predictions after Mainnet launch
PI network price expectations
The hourly graph reveals that the price of the PI network reached its climax at $ 3.01 last week, as it beat other encrypted currencies such as Bitcoin and Ethereum.
It has decreased by more than 40 % of its highest level ever. Pi Coin has formed a stereotypes, which consists of two overlapping and close -up lines. The price has moved slightly higher than the upper side of this style.
MACD and the RSI indicator (RSI) formed a climb pattern. This withdrawal began after it was found support at the Fibonacci tradition level 61.8 %.
Therefore, the price of the PI network is likely to increase as bulls target the highest level ever at $ 3, which is more than 70 % over the current level.
Puritanity of the post -PI network: This is the reason for the appearance of Coin PI on the verge of the height first on Invezz
