The PI token, officially launched a month ago, has been undergoing significant price fluctuations. A recent partnership with PiDaoSwap may change the situation.
Development of the PI Project
The controversial PI project was in development for approximately five years and finally launched its Open Network on February 20. The PI token quickly climbed above $2 to a new high, but then its price crashed.
Current Price Fluctuations
The PI token price has dropped by 34% over the past seven days, moving from nearly top 10 cryptocurrencies by market cap to 25th place.
Partnership with PiDaoSwap
Yesterday, the project announced a partnership with PiDaoSwap. The community is governed by DAO, and this partnership could positively affect the token's price in the long run.
It will be interesting to see if the partnership with PiDaoSwap can change the downward trend of the PI token, considering the project's potential and its features.
