62% of Pi Network Collars 62% of the collision – why she refused and what it means for crypto enthusiasts

Pi Network CoinLatest participant in Cryptocurrency marketFaced with a steep fall only the day after it was a lot of expected entry. On Friday, 21. February 2025, at 9:35 p.m., the value of the coin fell 62.63% to $ 0.737, a bar of $ 1.97 when debuted at exchange.In spite of the fall, the listing indicates the main turning point. PI coin is now shopping outside the closed ecosystem, with leading platforms StageCOINTCK, OKX and BITGET Transaction support. For millions of PI users, this is the moment when they waited.

PI Network Coin: What does 62% fall behind falls?

PI Network Coins, which was launched with a lot of excitement, took a big hit. After reaching High $ 1.97, it is insecure at $ 0.737 for just a day, leaving many investors wondering: What went wrong?

Although there is no reason for dramatic decline, here are some factors that could be responsible for dip-early rudes that sell their farms, the absence of a list of bynance and concerns about PI use PI use.

Early miners cash in

One of the biggest reasons the fall of PI Coinova is early adoptive people taking profits. Since 2019, Pi has been mined through a mobile-based system, and millions of users accumulate coins without spending money in advance. Now that it is finally traded, many long-term miners rush in cash.

Kim H Wong’s digital currency analyst at Kim, “Trade in Pi is disappointing as pioneers continue to sell and purchase orders are small (most hundreds of PI). No large capital is in sight. However, it can also be looked positively, as well as the seller’s gases, and customers are jumping back, the price should appear again. “Despite the weak start, Wong It remains optimistic about PI, “No matter what it is important is that PI network has successfully opened its network in the world and as people understand the power of PI networks, the price will appear when large capital jumps. Keep your precious Pi coins. ” For now, the market is launched by delivery from miners, not strong demand for investors, which raises pressure on the price.

Missing Bynance lists

The launch of Pi Coin was supported by several exchanges, including the OCCS, Gate.IO and Bitget, but it has yet to be provided by the binancy listing, the world’s largest exchange of cryptocurrency in the world. It was probably hurt by his price, because bilination provides incomparable liquidity, credibility and exposure.

There is still hope that they will accelerate the list. Bynant was recently published on X. To look for their followers to share their thoughts on the PI network, possible indicator of evaluating the project. However, without official confirmation, PI remains in an unfavorable position in relation to established cryptocurries.

Restricted neatness of real-Sver

While the PI network has a massive user base, critics claim that her ecosystem is still underdeveloped. Unlike Bitcoin or Ethers, who have thousands of applications built on their networks, Pi’s ecosystem remains small.

PI browser and PI wallet offer basic functionalities, but there are few decentralized applications (DAPPS) that give PI clear purpose. This lack of actual use cases makes it difficult to attract serious investors.

If PI wants to establish as a main cryptocurstity, it will have to expand the ecosystem and show practical applications outside the speculative asset only.

Moreover, the CEO of Bibit Ben Zhou was declared Pi Coin and the cripptocurstly stock exchange would not state. Zhou previously stated Bitabt had no plans to specify a digital currency. “Bibit won’t list the fraud,” Zhou said.

The week before his public comments, Zhou was discovered on X that he was called to join the Pi Network, but he refused the offer, calling it “funny”.

Drawing out of its previous forex trading experience, he explained why it doesn’t want to do anything to the project, “during my time trading, he often dealt people who try to return their money and wanted to avoid such problems in the cript world.”

What is Pi Network?

PI Network is the Blockcacka project launched in 2019. years of Stanford graduates. Unlike traditional cryptocurries such as Bitcoin, which require strong and expensive mining equipment, PI can be mined directly on smartphones. The process is easy-users just need to open the application once a day to earn coins.

According to her official website “Pi Network is a community of tens of millions of people who ore cryptocurrency for use and construction of Web3 Applications Ecosystems.” The aim of the project is to create a fairer digital currency system offering free mobile mining and a simplified identity verification process.

The PI network is designed to be unchanged, which means that transactions cannot be changed once they are recorded. It also ensures that coins are non-financial, making them safe. Application, according to the Livestin report, does not drop the battery life, making it suitable for users to participate in cryptone mining.

Why is Pi’s Mainnet launch significant?

For via Crore (10 million) PI users, this launch came long. Many waited for two years to migrate their mined coins from Testnet in Mainet. The transition now allows them to move its property to external exchanges, trading its farms and integrate with a wider market of cryptocurrency.

PI network popularity has increased in recent months. The platform has now surpassed 110 million installations, with a daily average of 110,000 new downloads. 17. February 2025, only over 540,000 new users joined the network.

Announcing launch, PI Network published on X: “One day left before launching an open network at 8:00. Years! February 2025 Enable an external coupling on the main block block, allowing PI to interface with other in accordance with networks and systems. This means that pioneers will be able to engage in transactions outside PI ecosystems, expanding Pi’s utility and reach. “

How to miss pi coin on the smartphone

The beginning of the start of the PI network is easy. Here’s how users can start mining:

• Download and install PI Network App.
• Tap the Boltless Bolt icon once a day to start mining.
• After three days, add 3-5 trusted contacts to increase mining speed.
• Invite friends using the director code to earn additional PI.

Since the application is designed to consume minimal energy, users can affect my phone’s performance.

How to Buy & Sell Pi Network Coin

Now that the PI coin is officially stated, buying and selling has become much easier. Users can buy PI through the main exchange, such as COINTCKS, OKKS and BITGET.

Steps for PI shop include:

• Download and register on a supported exchange.
• Complete the KIC process (identity verification required).
• Deposit funds in the exchange wallet.
• Buy pi coins and start trading.

With its leaves, users who minvies in years can finally sell their farms for years and potentially profit from their early involvement.

Outlook PI Network: which experts say

Despite the sharp decline after its entry, some analysts remain optimistic about the long-term potential of PI. Fortune India suggests that if Pi Network gets the main adoption and establishes cases of use in the real world, its price can exceed $ 500 to 2030.

This will depend on how much the network integrates into daily transactions and whether companies start accepting PI as a form of payment. If adoption grows, its value can increase significantly.

Bitcoin and Etherum: Where are they?

Meanwhile, the wider Kryptocurrency market sees renewed optimism. Bitcoin rose to $ 98,000, conceivably exceeds the level of resilience to $ 96,200. Analysts on the table for transporting the market will predict BTC to trade between 98,000 and 102,000 dollars before it is another move up.

Etherum, however, lags behind. Despite the increase in Bitcoin, ET remains below $ 3,000, fights to cross $ 200 tag. The dominance of the Bitcoins on the market has also strengthened, holding stable at 60%.

What’s next for Pi Network?

The road in front of Pi Network is still uncertain, but promising. Although the value of the coin has seen a sharp decline, its expansion of the user base and the increasing market presence indicate strong potential. With millions of users, mining PI and engagement with their ecosystem, next year will determine whether it can be transformed into a widely used digital currency.

For now, the launch of Pi’s open Money is a prowthress, giving users the possibility of trade, sales and expand their crypto travel outside PI ecosystems. The real test will be whether companies and consumers will adopt for daily transactions.