{"id":50865,"date":"2025-03-10T07:56:35","date_gmt":"2025-03-10T07:56:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50865"},"modified":"2025-03-10T07:56:35","modified_gmt":"2025-03-10T07:56:35","slug":"why-is-the-pi-network-pi-price-down-today","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50865","title":{"rendered":"Why is the Pi Network (PI) Price Down Today?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The price of PI reached an ATH of nearly $3 less than two weeks ago.<\/span>
\nSince then, though, the valuation has crashed by over 50%.<\/p>\n

<\/a><\/span><\/p>\n

Pi Network\u2019s native token started trading on February 20 when the team launched<\/span><\/a> its Open Network. The massive milestone was highly expected and came nearly six years after the project\u2019s birth.<\/span><\/p>\n

During its first trading days, PI\u2019s price experienced huge volatility, ranging from $0.64 to a peak of almost $3 (registered on February 27). Since then, though, the valuation has been gradually declining.<\/span><\/p>\n

Several hours ago, PI tanked to as low as $1.26 before rebounding to the current $1.41 (per CoinGecko\u2019s data). <\/span>This<\/span> represents a 12% decrease on a daily scale and 16% <\/span>on a weekly basis<\/span>.\u00a0<\/span><\/p>\n

<\/a>PI Price, Source: CoinGecko<\/p>\n

Perhaps the<\/span> most evident factor negatively affecting PI\u2019s performance is the overall correction of the cryptocurrency market.<\/span> Bitcoin (BTC) briefly <\/span>plunged<\/span><\/a> to $80,000, while many leading altcoins are <\/span>also<\/span> deep in the red for the day.\u00a0<\/span><\/p>\n

Another element could be Binance\u2019s intervention, or <\/span>more precisely,<\/span> its lack of action.<\/span> Last month, the biggest crypto exchange\u00a0<\/span>held a community vote<\/span><\/a> to determine whether its users would want to see PI available for trading. <\/span><\/p>\n

The results became official on February 27, with over 86% of the voters clicking the \u201cyes\u201d option. However, the company has remained silent on the matter.<\/span><\/p>\n

A potential listing would boost the coin\u2019s liquidity and accessibility and could create upward pressure on the price. Some well-known crypto exchanges <\/span>that have already allowed<\/span>\u00a0trading services with PI include Bitget, OKX, and MEXC.\u00a0<\/span><\/p>\n

The post Why is the Pi Network (PI) Price Down Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The price of PI reached an ATH of nearly $3 less than two weeks ago. Since then, though, the valuation has crashed by over 50%. Pi Network\u2019s native token started trading on February 20 when the team launched its Open Network. The massive milestone was highly expected and came nearly six years after the […]<\/p>\n","protected":false},"author":0,"featured_media":50866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50865"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50865"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50866"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}