The PI network is more than 11 % in encryption sales: Is the gathering ended?
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The decrease in the PI network comes at a time when the cryptocurrency market, including Bitcoin and ethereum, faces the process of selling Donald Trump’s tariff policies, organizational concerns, and a $ 1.5 billion penetration.
Pi Network is the Web3 Blockchain project that allows users to extract the encoded currency on mobile phones, unlike bitcoin that requires expensive mining equipment.
Pi Network Coin, the latest encrypted currency on the market, fell on Friday by 11.1 percent to $ 2.49 in the past 24 hours, days after reaching its peak after the list of $ 2.94. Decrease PI coin price On Friday, the cryptocurrency market, including Bitcoin and Ethereum, faces the sale of the Donald Trump tariff policies, organizational concerns, and a $ 1.5 billion bybit penetration.
Recently, Pi Coin has increased by more than 300 percent after its open launch on February 20. On Thursday, the price of Coin Network Coin jumped by 36.77 percent in one day.
As of 11:09 am on Friday, the trading volume decreased 24 hours by 40 percent to 147.31 million dollars, with a total of 68 million, according to Coinmarketca.com.
Why is the PI decrease?
The PI has declined as part of the total sales in the encrypted currency market.
According to the coindcx Research team, institutions play a major role in the ongoing sales process as Blackrock sells billions of BTC and ETH.
“The war of tariffs escalated after President Trump announced an additional 10 % tariff on China, which is believed to have negatively affected the encryption markets. After the uniswap & gemini, the Supreme Education Council ends an investigation into Consensys and a lawsuit against Coinbase, which hints towards a clearer organization on the horizon. On the other hand, the Supreme Education Council stated that most Memecoins does not qualify as securities, because the Howey test keeps them outside the security rules mainly because they flourish on the noise, not the utility. “
What is the PI network?
Pi Network is the Web3 Blockchain project that allows users to extract the encoded currency on mobile phones, unlike bitcoin that requires expensive mining equipment. PI currencies can be obtained by opening the application once a day.
It started in 2019 by Stanford graduates.
According to the Pi Network, “Pi Network is a community of millions of millions of Cryptocurrency PI for human being to use and create the Web3 Ecosystem system.”
The PI network uses a power mining method with the KYC solution covered with crowds to provide access and check for web3. It is free to remove a mobile phone, and put energy in the hands of people to get more fair and more distributed encryption.
The network is not changeable, not postponed and uses an inter -operating digital money. The application does not drain the mobile phone battery.
According to reports, about one of the users was already part of the PI network who were waiting for their PI metal coins from TESTNET to Mainnet, which finally comes after a two -year delay.
How do you buy?
The PI network is now inserted into major exchanges such as Coindcx, OKX and Bitget. Users need to install any of the applications, complete KYC, and add money to the application portfolio to purchase encryption.
Pi -MainNET network prediction
According to Fortune India, if the PI network has evolved into a large -scale digital currency with the real world’s use, it may exceed $ 500 by 2030.
Meanwhile, other cryptocurrencies, including Bitcoin, Ethereum, BNB, XRP and Solana, witnessed large drops on Friday that decreased between 6.6 percent and 8.6 percent.
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