The post Why Pi Coin Price is Crashing? appeared first on Coinpedia Fintech News
Following the Pi coin mainnet launch, the altcoin recorded a strong bearish action. Reportedly, the Pi token has slit over 66% in its valuation in less than 24 hours. This highlights a massive rise in the profit booking for the altcoin in the market.
Considering the present market sentiments, are you one of many who are planning on investing in this digital asset, but are concerned about its price prospects? In this article, we have uncovered the market sentiments and possible short-term Pi coin price analysis just for you!
Pi Coin Crashes Post Mainnet Launch!
With a 24-hour trading volume of $857.77 million, the Pi Network token has crashed by ~66%. With a circulating supply of 6.23 billion tokens and a maximum supply of 100 Billion PI tokens, this project has a self-reported market cap of $4.3 billion.
The Relative Strength Index (RSI) continues hovering around the neutral point in the 1H t
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