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Information about Pi Network (PI)
Pi Network is a social cryptocurrency, developer platform, designed to enable anyone to easily participate in the crypto space, regardless of their technical expertise or device. The platform allows users to mine and trade Pi effortlessly through a mobile-friendly interface while also supporting applications built on the Pi blockchain.
Currently, Pi Network has over 60 million active users, with more than 19 million accounts verified through its native KYC system and over 10 million users successfully migrated to the Mainnet.
The Pi Network team has officially announced the launch of the Open Network at 08:00 UTC on February 20, 2025.
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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.
Telegram’s new crypto wallet integration with Pi Network allows access to a potential user base of over 1 billion. However, the network struggles with decreasing demand and a lack of listings on major exchanges, impacting its market credibility.
Despite the integration, Pi Network’s future success depends on transforming Telegram’s vast user base into active investors. Market conditions and dwindling interest remain significant challenges for sustaining its growth.
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