PI coins continue to draw attention with their rising value despite legitimacy doubts. This article covers current price trends, crypto market updates, and the emergence of GitVenom threats.
PI Coins Growth Amid Skepticism
The PI token price was at $1.86 at the time of writing, showing a 21% increase in the past 24 hours. PI Network's market capitalization reached $12.25 billion, with a trading volume surge of 33% to $867.24 million. Its highest trading price was $2.10, yet it fell short of initial forecasts. Experts anticipate further growth, potentially leading to a market cap surpassing $20 billion in the coming weeks.
Crypto Market Price Updates
As of writing, the crypto market capitalization stood at $2.93 trillion. Bitcoin continues to trade below $90k, priced at $88,991, with a market cap of $1.76 trillion and a trading volume of $68 billion. Story, Celestia, Maker, XDC Network, Quant, Immutable, and Movement were notable gainers.
GitVenom Threats to Cryptocurrency
According to a Kaspersky report, hackers have been launching fake projects on GitHub under the guise of GitVenom. These projects appear legitimate, with complete documentation and frequent timestamp updates, but their purpose is to steal login credentials and sensitive information. Most fake projects fail to deliver promised functions, engaging in background data theft. Kaspersky highlights significant losses from such attacks in the crypto market over recent years.
Despite notable attention and growth, PI coins face legitimacy doubts in the cryptocurrency segment. Meanwhile, security threats from fake projects like GitVenom pose significant challenges to the industry.