🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Pi Network Price Crashes 60% – Will It Drop to $0.40 Next? - BTC Hunts
The crypto space has taken a slide downwards with intensifying bearish pressure, as investor sentiment continues to dip. In this context, the PI price has not followed the decline, but it seems it is facing its own unique selling pressure.
Even technical tools paint a grim picture for PI crypto, while another reason coming out for the ongoing Pi Network price dip is its looming token unlocks
Keep reading to know more.
PI Price On Continuous Decline, What Lies Ahead?
When writing, the PI crypto price was trading at $0.6427 and is over 20% down in the past week, down over 60% since May’s high of $1.65, and down 1% intraday.
The trend is clear and that is red, and despite the overall gloomy sentiment, May’s return is “+13.57%”, when writing.
The last month’s return is still positive, many are curious whether it could rebound again, despite the huge blow last month. Also, recently, PI crypto’s official X account pushed a gaming-related ecosystem update, but experts believe it is not enough to revive confidence in the asset yet.
The lack of confidence is due to the lower adoption and no actual utility makes the risk higher. Experts believe that without a clear forward goal, the PI crypto could be trapped on the rough road.
Among them, a further drop to $0.40 is being projected on several X posts, which is its April low
Therefore, the investors must understand its red flags and must wait for a clear market driver. DYOR.