Pi Network (PI) faces significant loss of value as it passes through a critical process. The market value of Pi, which has fallen above 45 percent since its summit level in February, decreased to 11.7 billion dollars and the fully diluted market value fell to $ 164.35 billion. According to experts, “Pi Day” (March 14), which is celebrated in memory of the mathematical constant π (Pi) in the world, can increase the interest in Altcoin, but there are serious risks despite the increase in the price.
Large exchanges resist Pi Coin listing
Despite the high market value, Pi Network has not yet been listed in large stock exchanges such as Binance, Coinbase, Kraken. Despite the Pi Coin listing survey made by Binance, which attracted great interest, a concrete step has not come from the stock market. The lack of liquidity that hit Pi Coin, which cannot enter the US market via Coinbase and Kraken, can not enter the South Korean market via UPbit increases the pressure on the price.
Pi CoinThe listing of large stock exchanges is very important as it will significantly increase the interest and transaction volume of investor. However, the reluctant attitude of the stock exchanges for listing the market is seen as one of the biggest factors that shake the confidence of Altcoin. Analysts say it is difficult for Pi Coin to gain value unless a listing news from large stock exchanges in the near future.
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Dangerous formations occurred in Pi Coin price graph
Another risk in front of Pi Network is that the circulatory supply is rapidly increasing. The circulation of only 7.1 billion units of a total of 100 billion units creates a serious risk of dilution for the future.
188 million units in this month and more than 1 billion units by the end of the year Pi The fact that Coin will be released is worried about investors. The circulation of new Coins is quite critical as it can lead to further fall of Altcoin’s market value.
According to the technical analysis, there are negative signals for Pi Coin. Recently, two negative graphics models, such as shoulder-head-roz formation and rising wedge formation, have been created. The formation of both formations is generally considered to be a pioneering sign of the harsh fall of the price. Analysts in case of continuation of existing technical indicators Pi Coin PriceHe warns that it may fall below $ 1.
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.
