Why does the price of the Network PI fall?

The context since its arrival on the market, the PI course alternates between the good and the least good. However, in recent hours, it feels like having touched the bottom.

In the space of a day, the value of the token plunged 25.40 %, a figure that hurts. The PI class plunges to the markets The way to a Bull Run still seems far away, given the performances displayed by Pi Network. Currently exchanged at $ 0.8736, the Token has already lost 52.35% compared to its price when Mainnet launched on February 20. A good part of this drop has focused in the last days. In weekly rhythm, the PI value dropped by 43.77 %, going from $ 1,5502 to $ 0.8736. And if we look at his ATH from early March at $ 2.98, it is a tumble of almost 70.94 %. At this rate, the token is dangerously close to its lowest launch, around $ 0.6152. What are the reasons for the fall? First there is the overall context: the market is down and PI is no exception. Then there is the disappointment around the long -awaited listing on Binance, which now seems to be put aside. Finally, the announcement of a new two -factor authentication system on March 13, sowed the community in the community. Many users have not understood the procedure concerning this functionality, especially for those who have migrated their tokens on the Mainnet. It is especially the 14 -day period granted to use the tokens that creates confusion. Indeed, a question often comes up: is it possible to configure the 2FA during this period? Added to this is another element: a brutal fall in community feeling in CoinmarketCap, March 19. In a few hours, negative votes flooded the PI page, fueling suspicions of a bot attack. Some pioneers denounce manipulation, especially since the evaluations have remained positive on other platforms such as Coingecko. Despite all these hiccups, some observers keep faith in the future of the project. But to reassure investors, the token will have to get out of its Falling Wedge quickly. As the Crypto Sat analyst indicates, it would be crucial that Pi returned to the support of $ 1.10 to hope to reverse the trend. Morality of history: Better late than never … except for PI investors. Notice of non-responsibility Notice of non-responsibility: in accordance with the guidelines of The Trust Project, Beincrypto undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.

Credit-Read More

// Function to fetch the latest posts
function fetchLatestPosts() {
const feedUrl = ‘https://newskiosk.pro/feed/’; // Replace with your blog’s RSS feed URL
fetch(feedUrl)
.then(response => response.text())
.then(str => new window.DOMParser().parseFromString(str, “text/xml”))
.then(data => {
const items = Array.from(data.querySelectorAll(“item”));
const latestPostsContainer = document.getElementById(“latest-posts”);
latestPostsContainer.innerHTML = ”; // Clear previous posts

// Shuffle the items array
const shuffledItems = items.sort(() => Math.random() – 0.5);

// Select the first 5 items from the shuffled array
const selectedItems = shuffledItems.slice(0, 5);

// Loop through the selected items and display them
selectedItems.forEach(post => {
const link = post.querySelector(“link”).textContent;
const description = post.querySelector(“description”).textContent;

// Create a new post element
const postElement = document.createElement(“div”);
postElement.classList.add(“latest-post”);
postElement.innerHTML = `

${description} Read more

`;

// Append the new post element to the container
latestPostsContainer.appendChild(postElement);
});
})
.catch(error => console.error(‘Error fetching the latest posts:’, error));
}

// Call the function to fetch and display the latest posts
fetchLatestPosts();