Bitcoin Hyper Presale Raises $18.37M Offering 65% APY Rewards
The Pi Network community is debating the valuation of the Pi coin, with some claiming it to be $314,159, while market prices differ significantly. This has led to calls for the Pi Core Team to address misinformation that could harm the network.
Key Developments
- Community commentator Dr. Altcoin criticized the "GCV community" for spreading false claims about a dual-value system, potentially undermining the Pi ecosystem.
- The Pi Core Team is urged to counter these narratives, possibly through legal measures.
- Pi Network recently released Protocol v23 on its testnet, aligning with Stellar Core Version 23.0.1.
Market Impact
- Amid a general crypto selloff, Pi coin's price dropped 25% weekly, now at $0.25.
- Despite bearish trends, weighted sentiment for Pi coin surged to a two-month high, indicating potential recovery interest.
- Critical support levels identified at $0.260, with risks of further decline if breached. A rebound could lead to a short-term rally if $0.286 is reclaimed.
Other Market News
- Bitcoin Hyper (HYPER), a Layer-2 project, raised $18.37 million in its presale, offering up to 65% APY staking rewards.
- HYPER tokens can be purchased with ETH, BNB, USDT, or credit card.