Sales pressure that hit the crypto money market Pi NetworkIt also negatively affected the price of Pi Coin. Pi Coin, which has lost more than 10 percent in the last 24 hours, fell to 0.53 dollars with this decrease. Failure to see the expected recovery signs in the general aspect of the market nurtures the uneasiness of investors in Altcoin. The transaction volume and the slimming in the trust of investor support the downward movement at the price.
With the price of Pi Coin, the transaction volume fell hard
Pi Coinin the past to the level of $ 3, he had attracted a remarkable acceleration. However, Altcoin’s depreciation has gained momentum in recent weeks. The last 24 -hour data shows that the price has decreased to $ 0.53 and the transaction volume is reduced by 57 percent. This dramatic decline deepened with large -scale sales in the market.
In particular, the rapid abandonment of major investors in Pi Coin caused approximately $ 1.4 billion liquidation throughout the market. This is not only Pi Network, but many altcoinHe also put pressure on the price. Experts warn you to be careful by underlining that sudden changes in market conditions increase the risk level. In the Pi Network, price movements draw a very distant picture that investors expect.
Expectations remained unrequited, trust decreased
Pi Network One of the most striking blows for the locking Pi Coins is the key opening. Although the data that will be opened with less Coin lock creates a short -term hope, the price is suppressing. It is expected that approximately 1.5 million Coins will be opened in April in April. Although this amount was lower than the previous months, it was insufficient to have a positive effect on the price. Less supply was expected to withdraw the price, but the general fragility in the market frustrated these expectations.
On the other hand Pi Core The fact that there are no constructive explanations for the future from the team and the news of the lack of listing in large crypto currency exchanges are among the important developments that shake the investor trust. Investors Altcoin projectHe wants to see more clearly and concrete steps to regain what they have. However, the deficiency on this side prevents the formation of the ground for the Pi Coin to be a positive atmosphere.
$ 0.30 warning for expert pi network
Ranked Crypto Money Analyst Dr. AltcoinPi Network drew attention to the fact that more decreases may be at the door. According to the analyst, the price is likely to decrease to $ 0.30 unless significant changes are made in the tokenomic structure. At this point, the silence of the project team and the lack of user expectations are among the main factors that feed on sales pressure.
Dr. Altcoin also said that the market would be a low probability that the market will show a stable improvement until August. It is emphasized that Pi Coins are flowing into the central stock exchanges and the continuation of mobility on this side can trigger a new wave of sales. For this reason, it is emphasized that investors should be cautious in the short term. While the market is currently going through a process full of uncertainties, it is vital to make investment decisions carefully.
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.
