 
 Highlights
Update: After a drop to $0.44 earlier, there’s huge buying interest witnessed for the Pi cryptocurrency, and is now trading 10% up above $0.60, while its market cap is regaining above $4.0 billion. Also, the daily trading volumes have surged by 80% to over $840 million.
Pi Network has been on a free fall over the past week, with another 20% crash in the last 24 hours, dropping all the way to $0.44, and falling out of the top 30 crypto list. Investors have lost hope for the Pi Coin price recovery amid expectations of another 60% fall to $0.1. Despite a few developments, the overall market sentiment for the altcoin has turned extremely bearish.
The Pi Network price has been respecting no support levels and has been facing strong selling pressure with daily trading volumes shooting to $500 million. This massive dumping comes as investors have been losing faith in the project amid delays in mainnet launch, KYC process, etc. As a result, several top crypto exchanges like Binance and Coinbase have distanced themselves from Pi Coin listing on their platforms.
On the other hand, PiDaoSwap has raised concerns over prolonged delays in receiving Know Your Business (KYB) approvals. As a temporary workaround, PiDaoSwap has opted to launch its non-fungible tokens (NFTs) on Binance Chain to maintain project momentum while awaiting regulatory clearance.
Additionally, other developments like the Banxa integration are also not working in Pi Network’s favor at the moment.
Amid the very poor performance and 85% drop from its February high of $3.0, experts are now speculating that the Pi Coin price could drop to $0.1. The four main factors that can contribute to this are:
Our Pi Coin price prediction shows the altcoin will be trading under $0.40 level over the next month. Looking at the current free fall, the Pi core team needs to step up to arrest the further downside, and regain trust within the community.
Coinbase is reportedly closing in on a $2 billion acquisition of stablecoin infrastructure startup BVNK.…
Coinbase’s Chief Legal Officer, Paul Grewal, has publicly criticized U.S. Senator Chris Murphy. The lawmaker…
Major crypto prices saw solid gains after a week of downturns. Bitcoin, Ethereum, Litecoin, XRP,…
Michael Saylor’s Strategy is setting its sights on the S&P 500 as it pushes forward…
Seventeen years ago today, Satoshi Nakamoto emailed a nine-page document that changed the world. It…
Bitcoin, Ethereum, XRP, and other altcoins tumbled amid the latest crypto market crash. Over $1.2…