The price of the PI network is 11 %, inches closer to the lowest level ever to less than $ 0.40

The encryption market took a sharp diving after US President Donald Trump ordered pressure on air strikes on Iranian nuclear facilities. According to the attack, the attack was directed by three main nuclear powered sites, which sparked geopolitical tension and a wave of panic across the global markets.

With news about air strikes, Bitcoin, Ethereum, and other leading cryptocurrencies witnessed heavy sales, with billions of markets in just hours. Several bossy situations were liquidated as traders rushed to get out of risk -fraught origins amid fears of more escalation.

The price of the PI network has decreased by 11 % in the past 24 hours, as it has slid out dangerously from its lowest level ever. At the time of writing this report, PI is traded at $ 0.47, leaving many anxiety about the future of the currency.

This last decrease comes after a few difficult weeks for the PI, as prices fell more than 30 % in June alone. One of the main reasons behind the fall is to open a huge distinctive symbol of 263 million PI icons this month, at a value of about $ 143 million. This huge increase in the offer added the pressure pressure, which prompted prices down.

Technical indicators show that PI may come close to the sale area, a level in which prices are backed. Moreover, June 28, known as 2 PI in the PI community – is just days away. Historically, the project has issued large ads on this date, and many hope to obtain new updates, partnerships or features that can raise market morale.

However, analyst Dr. Alcin moved to social media and wrote, “PI is officially in a 0.4 dollar range, and I expect it to stay there until the end of August. Pi Day 2 is unlikely to have any effect.”