The Pi Network project continues to be in the spotlight in the cryptocurrency community with new partnerships and price volatility for its tokens. Let's look at the main events and recent updates.
New Partnerships in the Pi Ecosystem
Recently, Pi News, a popular channel on X, announced a partnership with Pi CrowdFund, a Web3 platform based on the Pi Network public chain. The main goal of the collaboration is to provide timely and accurate updates on Web3 projects within the Pi ecosystem. Earlier this month, Pi News also partnered with PiPhrase, aimed at assisting users in recovering their Pi Wallet keys if they have lost 1 to 3 words from their 24-word phrase.
Volatility of Pi Tokens
The token of Pi Network experienced a significant drop from almost $3 at the end of February. By April 4, the price fell below $0.50, but the next day saw a rise above $0.70. However, the start of the business week brought more challenges for buyers, and the price is currently around $0.57, reflecting a 63% decrease over the month. Despite this, some market observers remain optimistic, expecting the token might reach a new all-time high by June.
Support from Exchanges
Numerous cryptocurrency platforms have started offering trading services for Pi tokens following the launch of the project's Open Network, including OKX, Bitget, and Gate.io. Binance was also rumored to consider adding the token, but the community response, where over 86% voted 'yes', has not yet led to immediate action. This has caused frustration within the Pi community, with some members doubting whether Binance will ever adopt the token. Additionally, BANXA has reportedly acquired over 30 million Pi tokens, underscoring confidence in the Pi Network ecosystem.
Pi Network continues to evolve despite price fluctuations and uncertainty regarding exchange support. New partnerships and growing user interest highlight the project's vitality in the cryptocurrency landscape.
