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Pi Network’s Price Hits Another ATL but PI Community Looks Ahead to a New Phase

The substantial correction that started final week and culminated (for now) yesterday night has not been type to Pi Network’s native token.

The asset, which launched simply over a 12 months in the past, doesn’t appear to have discovered a backside and marked one more all-time low.

Recall that PI was really buying and selling fairly promisingly throughout the November crash when BTC, ETH, and most larger-cap alts had been struggling. It remained properly above $0.20 and even challenged $0.30 at one level, but to no avail.

The following month and a half had been fairly sluggish, and PI failed to transfer alongside the market in both route. However, its $0.20 flooring gave in mid-January and has been a straight-on calamity since then.

CryptoPotato repeatedly reported on the asset’s new lows. It lastly regained some traction on Saturday morning, but the market-wide crash hours later drove it south exhausting but once more. This time, the bears took it to its newest ATL of $0.1527 (CoinGecko information). This meant a 94.8% decline in lower than a 12 months because it launched.

Nevertheless, its neighborhood continues to be hopeful about a turnaround. Pi News, arguably the most well-liked news-related channel exterior the official Pi Network account, outlined that “PI isn’t just a coin, it’s a motion.”

They speculated about some form of “new period” that’s “about to start,” claiming that Pi Network began on cellular, but it’s now evolving into a international digital foreign money.

So far, this prediction has but to materialize, but the Pi Network Core Team continues to introduce frequent updates to the general ecosystem, which might be a silver lining after the newest crash.

The submit Pi Network’s Price Hits Another ATL but PI Community Looks Ahead to a New Phase appeared first on CryptoPotato.

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