Pi Network's value declines as Coldware emerges as a promising new project in the crypto space.
Coldware Emerges as the Safer Bet
Coldware (COLD) is gaining investor confidence due to its real-world asset-based tokenomics and focus on decentralization. The project is rapidly attracting funding through its strategy of integrating hardware solutions with decentralized finance infrastructure. Many Pi investors are now shifting to COLD, viewing it as a more stable investment compared to Pi.
Technical Indicators and Pi Network Outlook
Despite the bearish trend, technical indicators suggest a potential recovery for Pi. The Average Directional Index (ADX) has dropped from 60 to 15, indicating the trend's strength is weakening. The BBTrend indicator shows a bullish divergence, and a falling wedge pattern is approaching its breakout point. If these signals hold, Pi could rise to $1.7980 in April, marking a 127% increase from current levels.
Exchange Listings Still Elude Pi Network
Pi's underperformance is partly due to its lack of support from major exchanges. Despite community backing, a Binance listing has yet to materialize. Other major platforms like Coinbase and Kraken are also avoiding Pi, raising questions about the project's legitimacy. Such liquidity challenges make it hard for Pi Network to maintain its value.
While Pi Network remains significant, Coldware is quickly becoming preferred due to its real-world applications and steady growth.
