Summary
- Pi Coin surged 31.02% from the previous day, recording $0.6468.
- It was reported that Pi Coin experienced a steady decline after being listed on global exchanges on February 20.
- The partnership with Banxa, allowing purchases with fiat currency, is analyzed to have triggered buying pressure.
As of 11 a.m. on the 6th (Korean time), Pi Coin is trading at $0.6468, up 31.02% from the previous day according to CoinMarketCap.
Pi Coin was one of the cryptocurrencies that experienced the most severe decline during the recent downturn. Previously, on February 20, Pi Coin succeeded in listing on global exchanges such as OKX, reaching as high as $2.9, but then continued to decline, falling to $0.47 on the 5th. This represents a drop of about 80% in just one month.
The rebound of Pi Coin on this day is attributed to the partnership with Banxa. The ability to purchase Pi Coin directly with fiat currency is analyzed to have triggered buying pressure.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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