احمد محمد علي 785
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[Replay] 🎙️ Quick Deals
05 h 59 m 59 s · 8.2k listens
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Why did the price of Pi Network (PI) drop today?
"Demand is extremely low, and the use of PI on-chain is weak," claimed a popular X user.
The month of "Uptober" has been more than generous (so far) for the cryptocurrency market, with Bitcoin (BTC) and Binance Coin (BNB) prices reaching new all-time highs.
However, the Pi Network's PI has not joined the party and continues to decline.
The bears are still in power.
A few hours ago, the price of the native cryptocurrency of the Pi Network collapsed to its all-time low of around $0.23 (according to CoinGecko data). It then recovered slightly later to its current price of $0.24, representing a massive 30% decline on a monthly basis and a 90% drop from its peak of $3 recorded in February.
The market capitalization of PI has fallen to less than $2 billion, ranking it 74th among the largest cryptocurrencies. It is noted that earlier this year, the market cap surpassed $13 billion, meaning the asset was among the top 20 cryptocurrencies (at least for a time).
Some community members believe that the rapid decline may continue in the short term. For example, a user on X, who goes by the name "The Times of Pi Network," predicted that the coin's value could soon drop to $0.10
#BNBmemeszn
#KlinkBinanceTGE
#BNBMarketCapThirdLargest
#BNBBreaksATH
"Demand is extremely low, and the use of PI on-chain is weak," claimed a popular X user.
The month of "Uptober" has been more than generous (so far) for the cryptocurrency market, with Bitcoin (BTC) and Binance Coin (BNB) prices reaching new all-time highs.
However, the Pi Network's PI has not joined the party and continues to decline.
The bears are still in power.
A few hours ago, the price of the native cryptocurrency of the Pi Network collapsed to its all-time low of around $0.23 (according to CoinGecko data). It then recovered slightly later to its current price of $0.24, representing a massive 30% decline on a monthly basis and a 90% drop from its peak of $3 recorded in February.
The market capitalization of PI has fallen to less than $2 billion, ranking it 74th among the largest cryptocurrencies. It is noted that earlier this year, the market cap surpassed $13 billion, meaning the asset was among the top 20 cryptocurrencies (at least for a time).
Some community members believe that the rapid decline may continue in the short term. For example, a user on X, who goes by the name "The Times of Pi Network," predicted that the coin's value could soon drop to $0.10
#BNBmemeszn
#KlinkBinanceTGE
#BNBMarketCapThirdLargest
#BNBBreaksATH
Excellent once
Binance Announcement
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Binance launches the "Top 100 in Blockchain" award.
This is a public announcement. The products and services mentioned here may not be available in your area.
Dear Binance members,
The "Top 100 in Blockchain" award honors creators who promote cryptocurrencies to the public through education, knowledge sharing, and inspiring motivation, making significant contributions and a deep impact in the field, gathering the world's top talents in blockchain innovations.
Dear Binance members,
The "Top 100 in Blockchain" award honors creators who promote cryptocurrencies to the public through education, knowledge sharing, and inspiring motivation, making significant contributions and a deep impact in the field, gathering the world's top talents in blockchain innovations.
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