China News by Thebittimes.Com

The cryptocurrency industry has witnessed the arrival and departure of several coins. After six whole years, the Pi Network finally rolled out its very own cryptocurrency. PI entered the market making headlines. Despite a steep decline upon launch, the price of the asset has subsequently risen, hitting a new all-time high of $2.98 on February 27. The real question is if the altcoin will continue this momentum and record an uptick in the coming month. Also Read: GTA 6 Update: ‘Developer’ Confirms 2025 Release and Leaked Map Insights A Look Into PI’s Current Market Source: Pintu PI started at a low of $0.6152 and managed to rise close to the $3 mark within a week of its launch. Throughout the past seven days, the altcoin has surged by nearly 200%. At the time of writing, the Pi Network fell prey to the overall market downtrend and was trading at $1.99. Over the past 24 hours, the asset witnessed a downfall of 25%. Source: CoinMarketCap While the asset is still new, exchanges are ske...

The ever-evolving digital asset sector sees new tokens being created and introduced on a daily basis. Yet, very few are able to gain mainstream attention. That trend has been usurped today, as Pi Newtork has gotten a new groundbreaking US adoption feature with the token eyeing a $2.60 price. The asset has been forced to navigate controversy and a rapidly ascending value since its arrival. There has been growing concern from investors as the project only has a reported market value, with some claims of potential scams being levied its way. That hasn’t stopped its price from skyrocketing. Source: Coinpedia Also Read: Bank of America to Launch USD-Pegged Crypto Stablecoin Pi Network Jumps 242% And Gets Ground-Breaking US Adoption Despite Concerns The cryptocurrency market has struggled over the last few weeks. Bitcoin, the leading crypto by market cap has fallen below $90,000 after reaching six figures for the first time late last year. Moreover, those losses have extended to a host ...

The Pi Network price has climbed 4% in the last 24 hours to trade at $1.52 as of 3:30 a.m. EST on a 35% plunge in trading volume to $1.5 billion. The leap in the Pi coin price comes as ChatGPT forecasts it can surge to $50 in a bullish scenario. “In the long term, if Pi Network develops a robust ecosystem and manages inflation, it can maintain or go above $50,” it said. ”A bullish scenario ($20-$50+) can occur with superior Binance or Coinbase listings coupled with adoption in real-world settings, driving prices higher.” It added that the most important things to monitor are exchange listings, practical use cases, and circulating supply. Pi Network Price Eyes Breakout As Bullish Momentum Builds The Pi Network (PI/USDT) chart on the 30-minute timeframe currently displays a bullish ascending triangle pattern, a formation that signals a potential breakout to the upside. The gradual tightening of price movement within this triangle indicates that buyers are stea...