Why does the PI network rise today?

TL; D

• The original PI has stopped its free fall and almost 10 % bounce on a daily basis.
• This comes amid the growth of assets in popularity, according to Coingecko.

It is difficult to sell this article, so let’s be honest from the beginning. The distinctive symbol of the PI, which witnessed today’s light on February 20 when it became available for trading on many stock exchanges, retreated, after it reached the highest new level ever on February 26. At that time, the peak was at 3 dollars short -term and the original began to lose value painfully.

This was crowned yesterday when it fell to its lowest level ever at $ 0.54 (CONINGKO Data), a decrease of 82 % of the positive record mentioned above in more than a month. This tremendous decline is about former supporters to critics, as one claimed that the project was in fact withdrawing the slow rug.

During the past 24 hours, it has finally brought some comfort to the PI network, where PI jumped more than 9 % and is now sitting at $ 0.6. Perhaps one of the reasons behind this increase is the increasing popularity of PI among some investors, as it has been CONINECKO.

The symbol entered the top 10 cryptocurrencies in terms of the most coins between March 29 and April 4. Thus, the market leader of Bitcoin, in addition to the largest largest installation such as ETHEREUM, Solana, Toncoin and Ripple, has exceeded.

$ PI #7 trends worldwide on Coingecko!

The PI ($ PI) rises to the top ten, ranked seventh with the maximum of the amazing market 3.7 billion – in the main encrypted currencies!

The height is real. Do you hold? #Pinetwork #Crypto pic.twitter.com/wjbgmrqm4s

Pi News (Pinewsmedia) April 5, 2025

Or another possible reason to increase today’s prices is a term known as “the dead cat wearing.” It indicates a temporary recovery in the original price after a large and continuous decrease, due to the purchase of speculators in order to cover their sites. It usually does not end well. But this is just speculation, of course.