Pi Network’s native cryptocurrency, Pi Coin (PI), has experienced a major drop in value, falling below the $1 mark. As of recent market data, Pi has lost more than 18% in the last 24 hours, raising concerns among investors. If PI fails to maintain its $0.95 support level, further declines could push the coin to as low as $0.87. On the other hand, a shift in sentiment could see it rise back to $1.34 and beyond, but bulls face a difficult challenge to regain momentum.
Why is Pi Coin Falling?
Several factors have contributed to Pi Coin’s sharp decline in value, and the situation has left investors scrambling for answers.
Binance and Coinbase Listing Failures
A factor behind Pi’s downfall is the delay in listing the coin on major exchanges like Binance and Coinbase. Both platforms previously teased the possibility of listing PI, sparking speculation and optimism among investors. However, the failure of these listings to materialize…
