Pi NetworkAfter a long wait, he officially opened his main network today. Thus, there has been an important development for users who have accumulated Pi Coin, which has been the main network of the network for six years by mining. However Pı Coin was faced with intensive sales pressure from the moment he entered the market.
Pi Network’s moment network launch and the first reactions
The Pi Network team will open the main network on February 20 in his announcement on February 12th. PI Coinannounced that it would be suitable for purchase and sale. This development created great excitement in the Pi community. However, the reactions to the launch were confused. Users’ concerns about the Know-Joy-Customer (KYC) verification processes caused controversy. However, as of today, the project team announced that they have opened the main network for general access.
As soon as the main network is opened to use PI IOU COINThere was a big decline in the price of the price. According to CoinMarketcap data, the price of PI IOU in the last 24 hours fell by 97 percent. PI Coin himself could not escape the decline and the price of the main net launch was a 15 percent decrease.
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According to the current data, PI Coin price is $ 1.47. However, it is estimated that the price may fall further if the sales pressure continues.
PI Coin Comment, Analysis and Future expectations
Pi Network’s maximum supply is determined as 100 billion coins. 65 percent of this mining users, 10 percent of the ecosystem development, 5 percent liquidity pool and 20 percent of the Pi team was divided. For now, the circulating supply is 9.7 billion coins. According to experts, the increase in supply over time can create more pressure on PI Coin price. In particular, large stock exchanges list PI Coin can increase sales pressure further.
Initially only OKX, Mexc And Gate.io such as stock exchanges listed PI. But as of today BitgetPi Coin announced that it offers use in futures. Moreover Omnichain The liquidity platform has also started 10 -layer leverage processes for PI. Okx and Gate.io also activated spot operations.
Binance to organize a survey to the community and asked them to inform the PI Coin listing. Experts look at Binance’s decision to list PI’s transaction volume will increase. However, if the price maintains the downward trend, they warn that the listing can lead to more value of PI Coin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
