Pi Network price has dropped by 43% from its all-time high of $2.98, which was registered barely one week ago. Pi Coin was also among the few altcoins that failed to register strong gains over the weekend after US President Donald Trump announced a crypto strategic reserve. As Pi Network tumbles, let us explore three main factors fuelling the downtrend.
Top 3 Reasons Why Pi Network Price is Crashing Today
Pi Network token today trades at $1.67 after a 7% drop in 24 hours. Pi Coin reached an all-time high of $2.98 last week, but it has since dropped by 43%. Below are the top 3 reasons why the Pi Network price is crashing.
Delayed Binance Listing
One of the factors that have been driving gains for Pi Network price since its launch is the hype around exchange listings. However, the token’s listing on Binance is taking longer than expected, causing buyer exhaustion.
Binance conducted a community vote between February 17 and February 27 asking its users to vote on whether to li
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