Pi Coin, the native token of the Pi Network, has encountered its first downturn since its listing on the XT Exchange, signaling a shift in its initial price trajectory. After trading for five days on both the XT Exchange and Huobi Global Exchange since its listing on December 29th, 2022, the token’s value has witnessed a significant drop over the past 48 hours.
As of the time of reporting, Pi Coin is trading at $5.30 on the XT Exchange, reflecting a decline of -22.83%. Similarly, on the Huobi platform, the token has seen a downturn of -28.26%, with its current value standing at $115. This decline marks a departure from the initial surge that saw Pi Coin reach an astounding $35,000 within 24 hours of its listing on the Atlantis Exchange.
Unlike established cryptocurrencies like Bitcoin and Ethereum, which maintain consistent pricing across all platforms in real-time, Pi Coin’s value exhibits notable variability across different exchanges. This lack of uniformity underscores the volatility and unpredictability inherent in emerging cryptocurrency markets.
What is Pi Network?
Founded by Nicolas Kokkalis and Chengdiao Fan of Stanford University in 2018, the Pi Network aims to democratize access to digital currency. With the release of the Pi Network app and the publication of a whitepaper in 2019, the project has garnered attention for its emphasis on environmental sustainability.
The Pi Network’s commitment to environmental sustainability sets it apart in a crypto market often criticized for its high energy consumption, particularly associated with proof-of-work (PoW) mining processes. This focus on sustainability may attract investors who prioritize environmental concerns in their investment decisions.
As Pi Coin experiences its first decline since its listing on the XT Exchange, the cryptocurrency landscape continues to evolve, reflecting the dynamic nature of emerging digital asset markets. As investors and analysts closely monitor these developments, the future trajectory of Pi Coin remains subject to market forces and investor sentiment. Read Similar Story
Keep mining Pi! Reactivate if you have given up! Pi is well worth your few second a day effort. It is the only free mining Layer 1 crypto project with over 100 million people joined and 50 million miners active. Remember , money goes to wherever people are. Pi communities in over 230 countries worldwide are the most vibrant communities. It has over 3.1 million followers in X and will soon catch up with the 2nd most popular crypto Ethereum ‘s 3.2 million. The long journey of 5 year development is near completion. Pi Network has plan to open mainnet in 2024, your efforts will be greatly rewarded soon! The Pi IOU has been trading in several exchanges since January 2023 and the price is at over $30/Pi. Why do you think that it can commend such a high price before it even officially goes public? Please think harder!
Mine Pi for free on your phone!
I am sending you 1π! To claim your Pi, follow link https://minepi.com/yajer72 use (yajer72), your invitation code.
Dotchain mainnet is launching 50X to 90X faster than any other blockchain project, which allows users to earncoins using a handy device. Use this link to join and start mining DOT & Play games to Win ACE https://dotchain.network/refer/mejqazi Use my invitation code(mejqazi)to get 1.5/hour base rate.
Hi guys! join Athene Network through my referal code: f134e9bb02 and start earning Athene coins by using your mobile. https://athene.network/white-paper
Here is my invitation code for Alpha Network. Use the invitation code: Mejqazi222. Download the app at http://www.minealpha.net and get 1 Alpha Coin for free! Be part of the FASTEST LAUNCHING blockchain network.
Join Celia Today using my Referral Code 42C5KCLT To Earn 2CLT. Perform various Tasks and be part of the next Big Thing in Cryptocurrency https://celia.finance/register?referral_code=42C5KCLT
Bee Network is the world’s largest web3 interactive platform. Join by invitation and earn Bee for bigger fortune with one click. Use my invitation code to join and get 1 Bee for free: qazi222. Download at https://j.bee.com/s?a=qazi222
FREE RUBIES.($7.76 per one)
Join me now for free mining of digital assets in Rubi Block!,It’s real,KYC is in Progress! Let’s click to link:
https://rubi.click/join/QAZI222
Enter the code “QAZI222”
Mine 1.4 RUBI($7.76)Per day for free!(ONLY ONE CLICK PER DAY).
https://emberfund.onelink.me/ljTI/bce33290/?mining_referrer_id=MNGAUD82RRB try this great phone mining app
https://emberfund.onelink.me/ljTI/bce33290/?mining_referrer_id=MNGAUD82RRB a great phone mining app
Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. To claim your Pi, follow this link https://minepi.com/dreamtreats and use my username (dreamtreats) as your invitation code.
I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. To claim your Pi, follow this link https://minepi.com/daiv101 and use my username (daiv101) as your invitation code.