Oh no! It looks like PI has taken a tumble and slipped below the $1 mark. But don't worry, the crypto world is always a rollercoaster, and the thrill is in the ride!
Meanwhile, Bitcoin is leading the charge, skyrocketing to $87,000 for the first time since its little hiccup on Thursday morning when it got nudged down from $87,500. It's like Bitcoin is saying, “Catch me if you can!”
But wait, the altcoins aren't sitting idle. Avalanche is making a splash as the top gainer with an impressive 11% jump, cruising past $21. And it's not alone; LINK, SOL, HBAR, and SUI are hot on its trail, each marking their territory with solid gains.
On the flip side, TRX and PI are taking a bit of a beating, with PI down 6%. It's been a tough week for Pi Network’s token, losing over 30% of its value recently and a whopping 70% since its all-time high on February 26. Ouch!
Even with a fresh partnership announcement promising to boost transparency and hints at a trend reversal, the PI token is feeling the heat. Pi News, the official voice of Pi Network, has highlighted a concerning trend: a record-breaking 330 million PI tokens have hit centralized exchanges. This flood of tokens usually means a lot of selling, which could spell trouble in the short term.
But the Pi Network team is keeping their spirits high. They're rallying the community, saying, “Join us in building the Pi ecosystem, and who knows? We might just see PI soar to new heights!” So, let's see if PI can turn things around and climb back up the crypto ladder!
