Pi Network Faces Price Decline Despite Leading Card Top-up Poll
The Pi Network token (PI) has seen a decline despite being voted the most used digital currency for card top-ups, surpassing XRP and DASH. Key points include:
- PI ranked first in a poll for card top-ups, followed by DASH and USD1.
- XRP finished last in the survey results.
- PI's price has dropped approximately 22% over the past week, now at $0.65.
- The overall crypto market has lost over $170 billion in value, impacting PI's performance.
- Lack of recent positive developments or listings on major exchanges contributes to low liquidity.
- Speculation about a potential Binance listing had previously spiked PI's price by 11%.
- Technical indicators show mixed signals; a breakout above the $0.65 resistance could lead to an increase towards $0.8.
PI forming a descending wedge pattern. Source: TradingView.
As of the latest update, PI is trading at $0.6497, with a slight gain of 1.25% in the last 24 hours.