Bitcoin

Why Is Pi Network’s Price Up Today?

Tl; DR

  • Although most of the cryptocurrency market is well in the green today in the middle of positive news on the front of the American-Chinese trade war, PI has become one of the best performers.
  • The most notable reason for this push is perhaps a big teaser published by the basic team on X.

It is sure to say that the trajectory of PI prices was quite painful for a long time. Even if the assets rebounded on his hollow of all time at $ 0.4 marked on April 5, he still had trouble displaying a significant recovery.

Its price failed to resume the momentum of the majority of the cryptography market, where even larger alts have climbed impressively. PI has spent the majority of the last seven days below $ 0.6.

However, he finally recorded an impressive increase on a daily scale. Its price is up around 7% in one of the most notable green candles in about a month. Thus, the current price of $ 0.62 means that PI is now a peak of two weeks.

Pi token price. Source: Coingecko
Pi token price. Source: Coingecko

While one of the most likely reasons for the overvoltage of today's prices could be awarded to the overall market resurgence, there is another that has made the community speak.

The official PI network canal, with more than $ 4.3 million, the subscribers, have teased a large “announcement of the ecosystem”, which will be revealed next week.

The team did not provide other details, but speculation was creeping. One of the popular users X, often commenting on the Pi – Moon Jeff – Network – Network Tips – said Binance was found to simulate PI deposits and withdrawals, which could lead to a possible list.

Recall that the largest crypto exchange in the world organized a community vote a few months ago to determine if its users want to see PI on its platform. The final results were massively in favor of a PI list, but there has not been much information on the subject since then.

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