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Why did the Pi Token price decrease today with the passage of the market?

TL; D

  • The entire encrypted currency market began on Sunday and spread impressive gains over the past 24 hours.
  • However, there are some exceptions, the original PI symbol is among them, with another 6 % chip.

Bitcoin is leading the package in terms of daily gains, as its price jumped to 87,000 dollars for the first time since Thursday morning when it was rejected by $ 8,7500 and was paid south by many Grand.

Many altcoins have outperformed remarkable gains. Avalanche is the highest winner of larger caps, increasing by 11 % to more than 21 dollars. Link, Sol, Hbar and Sui follow her example.

On the contrary, TRX and PI are deep in red, with losses of 4.5 % and 6 % respectively. The Pi Network is very painful, as more than 30 % lost its value last week and about 70 % since its rise on February 26.

The price slice comes today despite a recently announced partnership that can enhance the transparency of the protocol and these signs that indicate the reflection of the direction.

However, I noticed the Pi News, the official media of PI, was anxious. The last participation from Sunday indicated that the number of PI codes deposited for central exchanges has reached a record peak of 330 million coins.

These large numbers of symbols that are included in trading platforms usually indicate a short -term future in the short term of the basic asset, as it increases immediate sale pressure.

However, the team remains optimistic, saying: “Perhaps by participating in building the PI, PI will reach the highest new level.”

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