PI Network (PI), known for the mobile mining project, is experiencing a strong comeback after the low point in the past week.
PI’s course has increased by almost 15 % in the past few days and thus returns to the top 30 of the largest crypto projects after market capitalization.
Pi Network recovers from the crash
With this increase, Pi seems to recover from the course of the course on April 5. On this day, the price reached a new low of $ 0.407.
Thanks to the 15% increase, the current course is now around $ 0.75. This makes Pi Network one of the most powerful coins of the past few days.
Despite the strong upswing, caution is required. PI has not yet broken its downward trend and is still over 50 % in the minus in the month comparison.
In addition, 10 million PI tokens will be released on April 18. This expansion of the offer could lead to additional sales pressure.
Large crypto bonds remain reserved
One possible reason for the persistent weakness is that PI has not yet been listed on many large crypta bears.
As a result, the coin is difficult to access for many users, although Pi Network claims to have around 60 million users.
At the moment, only the large okx crypto exchange is offering the trade with PI. Pi have not yet listed other important exchanges such as Binance, bybit or upbit. This could slow down the growth of the project.
Disclaimer: This article deals with the Pi Network project. We do not take a position, but would like to point out that some aspects of the project-like the mandatory KYC procedure-are viewed critically by some. Please consider this article as a source of information and carefully deal with personal data.
Criticism and future prospects
Pi Network is also faced with criticism – especially because of a lack of transparency in the tokenomics and the monetarization model.
Critics such as Ben Zhou from the BYBIT stock exchange even subordinated the project. In particular, the pyramid -like reward system, in which users have to advertise new miners to increase their earnings, ensures distrust.
Nevertheless, a single decision could fundamentally change PI’s course: a listing to Binance. The expectation for this has existed for a long time-not least because 86 % of Bony users Pi want to see PI on the platform in a survey.
Despite this clear support, a listing has so far been pending. Until then, Pi Network remains a controversial project in the Crypto-Welt -with a volatile course and a split community of supporters and skeptics.
Do you want to act directly with your PI?
If you want to buy, sell or swap PI, you can do this via OKX. New users are currently receiving € 20 in Bitcoin – an additional incentive to get started directly. Registration is free and only takes a few minutes.