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The drop in the coin of the PI network occurs while the global cryptocurrency market, including Bitcoin and Ethereum, faces a sale in the pricing policies of Donald Trump, regulatory concerns and the recent Hack of Bybons of $ 1.5 billion.
Pi Network is a Blockchain Web3 project that allows users to use cryptocurrency on mobile phones, unlike Bitcoin that requires expensive mining equipment.
Pi Network Coin, which is the last cryptocurrency to arrive on the market, decreased on Friday from 11.1% to $ 2.49 in the last 24 hours, a few days after reaching a post-locking peak of $ 2.94. On Friday, the drop in Pi Coin price occurs while the global cryptocurrency market, including Bitcoin and Ethereum, faces a sale in the pricing policies of Donald Trump, regulatory concerns and the recent Hack of Bybit by $ 1.5 billion.
Recently, Pi Coin jumped more than 300% after its launch open MAINET on February 20. Only Thursday, the price of Pi Network Coin jumped 36.77% in one day.
Friday at 11:09 am, the negotiation volume 24 hours a day increased by almost 40% to 147.31 million dollars, with a total offer of 68 million, according to Coinmarketcap.com.
Why is Pi Coin falls?
The PI room decreases as part of the overall sale on the cryptocurrency market.
According to the Coindcx research team, institutions play a major role in the current sale, because BlackRock has sold billions of BTC and ETH.
“The tariff war intensified after President Trump announced an additional 10% rate on China, which would have had a negative impact on the cryptographic markets. After Uniswap & Gemini, the dry ends an investigation into consensys and drops a trial on Coinbase, referring to a clearer regulations on the horizon. On the other hand, the SEC said that most of the same are not considered to be titles, because the Howey test takes them away from the safety rules mainly because they thrive on media threshing, not usefulness, “he added.
What is Pi Network?
Pi Network is a Blockchain Web3 project that allows users to use cryptocurrency on mobile phones, unlike Bitcoin that requires expensive mining equipment. PI parts can be won by simply opening the application once a day.
He was launched in 2019 by the Stanford graduates.
According to the Pi Network website, “Pi Network is a community of tens of millions of humans for the exploitation of the Pi cryptocurrency to use and create the ecosystem of the web3 application”.
The PI network uses its energy light exploration method with its KYC solution on the crowd scale to provide access and identity verification for web3. It is free to extract on mobile, putting the power in people’s hands for a fairer and more distributed crypto.
The network is unchanging, not compensated and uses interoperable digital money. The application does not drain the mobile battery.
According to reports, approximately a user crore was already part of the PI network waiting to migrate their mined Pi parts from the Testnet to the Mainnet, which finally comes after a delay of two years.
How to buy?
The PI network part is now listed on major exchanges such as Coindcx, OKX and Bitget. Users must install one of the applications, finish KYC and add money to the application portfolio to buy the crypto.
Pi Network Price Prediction Mainnet Laununchage
According to Fortune India, if the PI network is changing towards a largely accepted digital currency with real use cases, its price could exceed $ 500 by 2030.
Meanwhile, other cryptocurrencies, including Bitcoin, Ethereum, BNB, XRP and Solana, also saw large drops on Friday bend between 6.6% and 8.6%.
