The price of the PI network increases by 5 %, but the risks are still in the midst of uncertainty
Pi Network, an encrypted currency project aimed at accessing mining via smartphones, the original distinctive symbol, PI, by 4.9 % to 0.5911l.
This increase comes amid a recovery in the broader encryption market, driven by President Trump’s decision to suspend American definitions.
However, despite optimism, the risks waved on the horizon due to the uncertainty surrounding the potential insertion of Binance, the largest exchange of cryptocurrencies in the world.
The payment of society to this list has not yet resulted in results, which raised questions about PI in the long run.
Why does the PI network rise today?
A 4.9 % increase in the price of the PI network can be attributed to the revival of the exposed currency market after the US government’s decision to recently suspend the tariff to reduce trade tensions.
President Donald Trump’s comment reinforced the new 90 -day definitions of investor confidence across the markets, including the encryption market.
These positive feelings raised major cryptocurrencies like Bitcoin (BTC), which briefly rose to $ 83,000.
The PI (PI), which rides this wave, has also seen climbing prices as a result.
Strategic partnerships also contribute to increasing current PI prices.
Pi Network has recently collaborated with BanXa, a global payment provider, according to what was reported, BanXa provided more than 30 million PI icons, which enhances the demand.
Within 48 hours of the partnership announcement, Pi News, which was recently held with Pi Crowdfund– I mentioned the first collective financing platform based on the Pi Network Ecosystem, that 1.2 million PI symbols were purchased from Banxa, which offers strong community participation.
Fracture: 1.2 million $ PI It was purchased from banxa in the last 48 hours. separation. The “URB” port has achieved a balance of 15.3 million now in 14.7 million $ PI. The “LDB” portfolio has achieved a balance of 15.3 million now in 14.6 million $ PI. These signals are the community confidence in banxa. More facilities more demand.
Community optimism is another major driver behind the increase in the price of the current PI network.
The list of uncertainty in the optimism list
Amid the recovery of the current PI network, the uncertainty on the Binance menu is a great danger.
It is worth noting, despite the community poll with more than 2 million votes in favor of The Binance Society voting was made in FebruaryBinance PI was not included.
This silence has thwarted many supporters, who are now skeptical of Altcoin inserted by Binance anytime soon.
Several factors can explain the Binance frequency in the PI narration.
First, the PI works on its Blockchain, not the smart BNB series preferred by Binance.
In addition, transparency problems continue, as the PI network lacks the disclosure of the detailed distinctive economy.
Organizational interests in places such as Vietnam and China, where the PI referral model raises red flags, also adding more complications.
The lack of a list of PI Pi performance, as the PI price has decreased by 80 % of its highest level despite the insertion of the smaller stock exchanges like OKX and Bitget, which provides limited exposure compared to Nabannis.
Feeling inflation with the opening of April code
Although the list of uncertainty in the Binance menu was a major problem for the PI, the internal issues gather PI conflicts.
It is worth noting that inflation pressure waving on the horizon with more than 124 million PI is scheduled to open in April.
Also, the symbolic deportation process was rocky, as users who reported lost symbols or Kyc delays, which leads to confidence erosion in the project.
What is the following for the PI network?
Despite these obstacles, the PI network has potential. The huge user base creates a built -in market for PI.
Initiatives such as PIFEST stand out, with more than 125,000 traders who accept PI, their benefit in the real world.
The first PIFEST in the open network was offered to share the record. A total of more than 125,000 registered seller-more than 58,000 active seller-used 1.8 million pi map, with highlighting PI’s interest in the real world worldwide. MinePi.com/blog/open-netw …
Pioneers and
Analysts like Bang expect that PI can return to one dollar above if it collapses directly across the weekly Val level at 0.782.
On this point, the price may be reflected in the formation of a double bottom pattern before continuing to rise 
Success, however, depends on overcoming distinctive obstacles.
PI must improve transparency, repair KYC accumulation, and find ways to attract developers to build on its platform is very important.
Only by treating these risks can spread a permanent role in the world of encryption.
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