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Crypto News

Why is the price of the Pi currency hindering?

Pi Network has managed to create one of the most powerful societies in Crypto today, but unfortunately, Coin Price is one of the biggest disappointments since March.

Pi Coin is now more than 80 % from its highest level ever at $ 2.98 on February 28. In fact, the price of PI Coin was the lowest level yesterday at about $ 0.53.

Our PI prices are predicted today that the price may re -visit $ 0.50 if this landmark continues.

Also, we verified the official X X account, and the last post was made 3 days ago, which is a good sign. Social media activity is one of the decisive factors that must be seen when determining the place of investment because this means that the team is active and invests in marketing.

However, there is another factor related to the PI network. Binance They released their second batchVoting on the list‘ campaign With 12 new and amazing symbols – Pi Coin is not there.

Why is this bad news for Coin

The huge decrease from $ 2.98 to $ 0.53 shows that many people sell their coins. When the currency loses more than 80 % of its value quickly, it scares investors. People see a decrease in the price and want to sell before it decreases more.

The PI team is not published on social media for three days, it is the red flag. When the encryption teams calm down during the failure of the price, this makes people tense. Investors want to see the team talking about their plans and calm the market.

Binance no, including Pi Coin, in their new vote on the voting list, is a big problem. Get the menu on the main stock exchanges helps coins reach more buyers. The exclusion means that less than new investors will discover PI.

Another thing is that there will be there More than 135 million closed coins In the next 30 days that can put more negative pressure on the price.

Also read: PI network community, carry with us: 3 reasons to sell your PI currencies now

What does this mean for the PI network

Lack of good news is the price decrease faster. Without any positive advertisements or updates, there is nothing to stop the downward trend.

Trading volume has also decreased, which means that less people buy and sell PI. The low trading volume makes the price more stable.

Society is concerned. Although the PI network has many supporters, it needs reasons to stay optimistic. Without clear messages from the team, more people may surrender and sell.

If the team does not start communicating again and sharing some positive news, the price may decrease to less than $ 0.50. In order for the price to be recovered, the PI needs to show that it is still working hard in the project and making progress.

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