Pi Network Coin: New crypto coin crashes over 70% in 24 hours of launch! Experts give a 5-point guide for investors
5 min read
PI network coin price today: The brand new PI coin experienced a volatile journey after meeting the cryptocurrency market this week and became the first digital currency that can be broken down on a phone. After the Digital Currency, which ran live on February 20, the PI coin crashed in the first 24 hours of trading on stock exchanges with massive value of 71 percent.
On February 20, when the PI coin was launched, her price touched a remarkable all-time high of USD 2.10. On the same day, however, it fell by 71 percent to achieve an all -time low of $ 0.6152. The users compared the fate with the brand new Trump Meme Coin of US President Donald Trump, who, after his introduction, rose over 300 percent, only exhausted a market value of almost $ 10 billion and halve the price.
Read too: Pi Network Coin Start: New digital currency hits the cryptoma market! What is it how to buy Pi coin and more
PI -Münz Prize today
On February 21, the PI Coin acted with $ 0.6813 and decreased by 66 percent from the time of the start. The market capitalization of the digital currency was 4.46 billion US dollars at the time of writing. According to CoinmarketCAP data, the overall offer of the PI coin is currently 9.76 billion, while the maximum offer could react to 100 billion PI. According to the data, the self -reported supply of the coin is 6.34 b PI.
“Pi Coin has the crash after the excited opened open-maximum to achieve an inexpensive $ 0.78 in less than one day,” said Sathvik Viswanath, co-founder and CEO from Unocoin.
Users can buy, sell and act PI like any other cryptocurrency, with fluctuating prices in the reaction of the market. With the Mainnet start, the Pi Network Coin is live and is listed on seven large crypto exchange platforms such as OKX, Gate.io, Bitget and Coindcx. However, the coin is not yet tradable.
Read too: Donald Trump's new Trump -Meme -Münz coins holds the cryptoma market: what is it? Why does it increase? – explain in 5 points
What is PI network coin?
Pi Coin is the native cryptocurrency of the PI network, founded by Stanford's graduates, Nicolas Kokkalis and Chengdiao fan. It was developed as a mobile, coordinated cryptocurrency and enables users to earn rewards without energy -intensive mining. Application includes peer-to-peer transactions, dealer payments and decentralized applications (DAPPS) in its ecosystem.
PI Network is a community of users who map the PI cryptocurrency to use and create the Web3 app ecosystem. The mobile-first crypto mining project should make the currency accessible to users without specialized hardware or technical knowledge. The PI network is in Web 3 as the future of social cryptocurrency.
Like Pi Coin with Bitcoin, $ Trump Meme Coin is comparable
According to Coencko Coencko, the crypto data provider reached over 70 US dollars within two days after the start, the $ Trump coin of the US President fell for around $ 17. The $ Melania Meme Coin, which was advertised by First Lady Melania Trump last month, initially rose up to $ 13.05 before falling at around 3.49 US dollars later.
According to CoinmarketCAP data, the overall market capitalization of Meme Coins has decreased by $ 127.3 billion in June 2024 down a lot. The world's largest cryptocurrency, Bitcoin, is currently $ 95,452.69, which is due to a decline of almost 12 percent compared to the all -time high of $ 109,88.
Should you buy PI coin? Experts give a 5-point guide for investors
Investors are wondering whether you should buy or sell the PI coin after the last price accident. According to the crypto market expert, this depends on some critical factors. “Before buying the PI coin in India, investors must rate key factors in order to make a well -founded decision,” said Thangpandi Durai, CEO of Koinpark.
1.Price volatility: According to Vishwanath, volatility is an important concern for the PI coin. As with any new crypto assets, PIS Price is very unpredictable, and early users who have been dismantling it since 2019 are now selling in large quantities, which increases sales pressure. This means that short -term fluctuations are inevitable.
2. Support for edition: According to the expert, another point to be taken into account is Exchange support. While Pi Coin has made it to some remarkable platforms, there is still a lack of giant like Binance, which restricts its liquidity and global reach.
Read too: Bitcoin hits a two-month low of $ 90,957, after investors have sold risky assets if the US bond income has increased significantly
3. Regulatory clarity: According to Vishwanath, investors in India should observe closely regulatory uncertainty – the regulations of the crypto are developing even further, and sudden political changes could affect the trade. “Before investing, the evaluation of regulatory clarity, liquidity, exchange lists, project radmap and tokenomics is crucial,” said Thangpandi Durai.
4. Risk appetite: “While his open Mainset start has made it possible to trade, the long-term success depends on the introduction of ecosystems, government, security and the real care company. Investors should carry out a thorough duty of care in order to determine whether the PI coin matches its financial strategy and its risk appetite, ”said Durai.
5. Revolutionary for digital payments: Vishwanath said on the lighter side that Pi Network's vision is ambitious. “It aims to revolutionize the digital payments by making crypto mining accessible to everyday users via mobile devices without the energy-specific mining processes of Bitcoin. The network works on the creation of an ecosystem in which PI can be used for transactions, defi applications and more. “
Liability exclusion: The views and recommendations provided in this analysis are the individual analysts or flawless companies, not from Münz. We advise investors to consult certified experts, to take individual risk tolerance into account and to carry out thorough research before making investment decisions, since the market conditions can change quickly and the individual circumstances can vary.
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