For the first time since its listing, the PI coin has been significantly larger**.
Pi Coin, the original token of the Pi Network, has suffered its first downturn since its listing on XTEXCHANGE, marking a shift in its initial ** trajectory. Since its listing on December 29, 2022, the token has been traded on XT exchange and Huobi Global exchange for 5 days, and its value has been substantially ** in the last 48 hours.
At the time of writing, Picoin is trading at $5 on XTEXCHANGE$30, a drop of 2283%。Similarly, on the Huobi platform, the token *** 2826%, with a current value of $115. The drop marks a staggering $35,000 for Picoin within 24 hours of listing on the Atlantis exchange, a departure from the initial spike.
Well-established cryptocurrencies such as Bitcoin and Ethereum have consistent pricing across all platforms in real-time, while Picoin's value exhibits significant variability across different exchanges. This lack of consistency highlights the volatility and inability inherent in emerging crypto markets.
What is the PI Network?
Founded in 2018 by Stanford University's Nicolas Kokkalis and Fan Chengdiao, the PI network aims to democratize digital currencies. With the launch of the PI Network app and the launch of 2019***, the project has gained attention for its emphasis on environmental sustainability.
The PI Network's commitment to environmental sustainability sets it apart from the crypto market, which is often criticized for its high energy consumption, especially those associated with the proof-of-work (PoW) mining process. This emphasis on sustainability is likely to attract investors who prioritize environmental issues in their investment decisions.
With PiCoin appearing for the first time since its listing on XTEXCHANGE**, the cryptocurrency landscape continues to evolve, reflecting the dynamic nature of the emerging digital asset market. As investors and analysts keep a close eye on these developments, the future direction of Picoin remains influenced by market forces and investor sentiment.