The original Cryptocurrency of the PI network has witnessed a huge value in another 20 % collapse today and a decrease less than $ 1.0. Initial orgas in the launch of Mainnet it seems to fade quickly as Cryptocurrency PI extends to more than 43 %. As a result, Altcoin came out of the top of the best 20 encryption menu, from the eleventh place last week.
Pi network euphoria quickly fades
It seems that the euphoria surrounding the PI is quickly fading amid the delays that are consistent in the Binance menu plans, which have achieved great success in the market morale.
Another common complaint between PI investors is the lack of a clear road map for the launch of the open Mainnet. While other encryption projects have offered transparent timelines, future Pi Network plans are vague. This has led to the growing discussions on whether PI is a fraud. Clarify that, Dr. AlcininWho is closely related to the project, he said:
It is clear that there is a decrease in communication and transparency from the PI Core team, which some can cause misunderstanding the PI as a fraud. However, I participated in the project for many years and did not find enough evidence to describe it in this way.
The analyst also stated that the Pi Core team needs to increase efforts in terms of effective communication with the PI community and not to leave the gaps in this process.
Where is the price of the PI currency heading after that?
The price of the PI currency was on my head decline during the past week, as it broke the decisive support levels of $ 1.4, $ 1.2 and $ 1.0. This main correction comes before the PI’s distinctive icon opening event this week.
Although Token Unlock was a great concern for investors, a large number of pioneers from the Network Pi community also closed their holdings recently.
Currently, the following support for the PI currency price is $ 0.82. Kripto Bilgi explained that the feelings about this altcoin are very weak with a decrease to $ 0.30. Moreover, the PI prediction also hints in a downward stage forward.
Developments currently in the ecosystem
The last auction of the .Pi fields and the entry of a pi -field tab in the PI browser is an important step for the PI network. This development is in line with its vision of the ecosystem that focuses on the web 3.
The .Pi fields can work as digital addresses for the sites, services, or applications that work with a PI system, which can be accessed through a PI browser or other platforms compatible with Web3.
Bushan Akolkar
Bhushan is enthusiastic about technology with a severe understanding of the financial markets. His interest in economics and financing has focused on emerging technology and encrypted technology markets. He is committed to continuous learning and remains eager to share the knowledge he acquires. In his spare time, Booshan enjoys reading excitement novels and sometimes exploring his cooking skills.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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