The price of the Network Pi token, PI has recently undergone a major sales pressure, lowering 4% to $ 1.45. This drop occurred after a brief period of excitement when the part jumped by 20% to $ 1.70 but then corrected. Despite this setback, new developments, such as the launch of the PI domains, aroused a renewal of interests, which led a lot to believe that the PIIs could again exceed $ 2 in the near future.
The PI assistance level is currently $ 1.20. If the price drops below this level, it could further point out the decline. On the other hand, the resistance level is about $ 1.90. An escape above this point could trigger an upward momentum, $ 3 being the next main target.
What’s wrong on IP day?
The long -awaited celebrations of the Pi day of the Pi network do not meet expectations, which has led to a large sale. One of the main reasons for this was the KYC purge, where millions of unofficial accounts have lost their Pi tokens, leading to frustration and the sale of panic among the community.
Another contributory factor is market constraints, because the PI network still operates in a closed loop economy without access to open blockchain and major exchanges, limiting its growth potential.
New developments are raising excitement
Despite the challenges, the PI network remains optimistic about its future. The recent launch of domain auctions with PI parts has aroused an excitation renewal, offering members of the community the possibility of securing unique domain names in the decentralized space. This evolution is considered a potential change of game for web3.
For the future, the future of the PI network will depend on its ability to develop a stronger utility, to obtain real adoption and to offer a clear and exploitable roadmap. With the current developments and potential exchange lists, many hope that the PI network could soon reach new heights.