Currencies38131
Market Cap$ 2.27T-0.18%
24h Spot Volume$ 19.09B-20.8%
DominanceBTC56.36%-0.06%ETH9.57%+0.45%
ETH Gas0.10 Gwei
Cryptorank
/

Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings?


Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings?

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
  • Binance listing delays are weakening Pi Coin’s market sentiment and demand
  • Whale manipulation Is driving volatility and short-term price fluctuations
  • Pi Network needs real-world utility to overcome speculative trading risks

Pi Network’s price has experienced extreme volatility, dropping sharply – 43% – from its all-time high of $2.98. This price decline has worried investors, especially since other altcoins have been doing well recently. Pi Coin hasn’t been able to keep up with the general market optimism that has followed President Trump’s crypto strategic reserve plan. 

Three main reasons seem to be causing Pi Coin’s price to fall: First, the wait for a Binance listing is taking too long. Second, big investors (whales) might be messing with the price. And third, not enough people are actually using Pi Coin. These issues have made people sell, making it hard for the price to go up.

Binance Listing Delay Hurts Investor Trust

One of the big things that got people excited about Pi Network was the possibility of being listed on Binance. But this hasn’t happened yet, and the delay is making investors impatient. Binance held a community vote in Febru…

The post Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings? appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0869

$ 0.000369

$ 0.537

+1.89%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 0.0869

$ 0.000369

$ 0.537

+1.89%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

The market shrank by $7.7 billion in June alone, the largest dollar amount since May ...
Crypto Markets Prove Resilient as Iran Closes Strait of Hormuz Again

Crypto Markets Prove Resilient as Iran Closes Strait of Hormuz Again

In Brief Bitcoin held near $63,914, down just 0.33%, despite fresh strikes. Iran fir...