Pi network price in dollar today based on the latest conversion rate: The value of 1 Pi coin is about 0.61 USD
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Information about Pi Network (PI)
Pi Coin (PI) is the native cryptocurrency of the Pi Network, a project launched in 2019 with the goal of making cryptocurrency mining accessible to everyone. This solution allows you to convert native Pi from Pi Network to PI tokens on the PiBridge app at a 1:1 ratio.
The value of these two coins is always in equilibrium because for every 1 PI created on the ONUS Chain or BNB Chain, one native Pi is locked on the Pi Network and vice versa.
Users can mine PI within the Pi Network app, and the PI mining process only requires users to tap a button on their phone every 24 hours. In fact, you will receive PI coin rewards for using the app once a day and proving that you are not a robot.
To sign up for the app, you need an invitation code from a member. Pi Network uses a referral system where you earn more PI based on the number of people who sign up using your invitation code.
You can predict Pi Coin price in the future via some factors below:
Frequently Asked Questions
News
Pi Network (PI) experienced a considerable rise in trading volume by 66% in just 24 hours. This uptick might suggest a comeback possibility, although the price fluctuated between $0.66 and $0.57, reflecting investor uncertainty.
Despite some positive indicators, such as an increase in community support, skepticism about Pi Network’s viability persists. Binance has yet to list PI, impacting overall market confidence amid concerns of potential price declines.
Technical indicators show PI nearing a breakout from a descending channel, yet the Relative Strength Index (RSI) reveals oversold conditions. Without solid fundamentals, the long-term outlook for Pi Network remains questionable.
Currently, Pi Network’s price is at 0.56 USD, facing resistance at 0.70 USD. The recent formation of an all-time low at 0.40 USD contributes to investor skepticism about recovery.
The Relative Strength Index remains in the bearish zone for over three weeks, indicating ongoing pressure. With no significant catalysts, many investors are cautious, potentially leading to further declines.
For the second time, Pi Network was not included in Binance’s Vote to List, sparking dissatisfaction among its supporters. The voting focuses on multiple factors, including trading volume and compliance.
Supporters are questioning the transparency of the PiCoreTeam, leading to disappointment. Binance previously mentioned insufficient project details regarding locking and burning mechanisms as an exclusion reason.
While Pi Network is available on the BTCC Exchange, it has yet to secure a listing on Binance. The possibility of future inclusion remains open, though no timeline has been provided.
Pi Network is trading at 0.70 USD, just above its all-time low (ATL) of 0.62 USD, following a 12.8% decline in 24 hours. If the bearish trend continues, it may drop to 0.50 USD, threatening a new ATL.
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