User sentiment on Coingecko was notably positive towards Pi Network, whereas Coinmarketcap initially showed a bearish outlook. This sparked discussions about potential bot usage and its impact on the cryptocurrency's pricing.
Interest in Pi Network on Coingecko and Coinmarketcap
On Thursday, data from Coingecko and Coinmarketcap showed significant differences in user sentiment towards Pi Network. Coingecko users showed 77% support, while Coinmarketcap reported over 80% negative votes.
Suspicions of Bot Use on Coinmarketcap
An on-chain crypto analyst known as Moon Jeff speculated that Coinmarketcap might be experiencing bot activity voting against Pi. 'Kindly check and confirm,' he requested.
Pi Network's Price Dynamics and Projections
Pi Network is trading around the $1.17 mark, with a slight increase over the past 24 hours. It faces resistance at $1.20 and support at $1.15. A scenario of consolidation between $1.14 and $1.18 is possible.
The impact of both positive and negative user sentiments can significantly affect cryptocurrency prices and popularity. The discrepancies between Coingecko and Coinmarketcap's figures provide grounds for debate among crypto enthusiasts.
