TL;DR
PI marked a solid daily gain, driven by the broader crypto market recovery following the eased trade tension between the USA and numerous countries.
Community members noted the pump, with some envisioning a rally above $2.50 in the near future.
The native cryptocurrency of Pi Network witnessed a substantial resurgence several hours ago, with its price soaring to almost $0.65. Later, though, it retraced to the current $0.60, which still represents a 6% daily increase.
PI Price, Source: CoinGecko
The most likely reason fueling the rally is the cryptocurrency market’s overall revival following the latest update on the global trade war.
Recall that US President Donald Trump implemented a 90-day suspension on most new tariffs. The reciprocal rate was reduced to 10% for over 75 countries that have recently tried to negotiate better terms with America. However, tariffs on Chinese imports dramatically increased to 125% due to “the lack of respect” from the Asian nation.
In the a
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