The broader market uncertainty has only done little to alter the bullish trajectory of some altcoins.
Take, for instance, Pi Coin – the crypto mining token is currently trading in the green on the seven day timeframe, surging by nearly 7% to touch the $0.38 level.
More so, its market cap has surged 4% within the same period to cross the $3 billion threshold, solidifying its position on the list of the first forty cryptocurrencies by valuation.
But with over 160 million tokens scheduled for release next month, investors are debating whether PI will maintain its upward trajectory or come under significant selling pressure.
Why is PI Price Bouncing?
There are multiple reasons for Pi’s impressive price action. One is its inclusion among the crypto-focused ETPs launched by Valour, a subsidiary of the London Stock Exchange-listed DeFi Technologies.
Not only does this broaden its exposure to a wider investor base, but it also enhances liquidity and market depth, the
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