PI COIN Pump After This Level ?

#pinetwork https://linktr.ee/vicrypto https://coinbase.com/join/SJDNZKP?src=android-link PI’s market capitalization slipped under $5 billion, making the asset the 31th-biggest in the entire sector. * PI crashed below $0.70 for the first time since late February. * One community member believes Pi Network’s team has done a poor job after the launch of Open Network, recommending hiring more people to solve some of the issues. What Can Put the Brakes on the Collapse? The cryptocurrency market witnessed substantial volatility in the past month, with numerous leading digital assets registering significant declines. Among the biggest losers is PI – the native token of the controversial crypto project Pi Network. A few hours ago, its price tumbled below $0.70, representing an 11% daily decrease and a whopping 70% crash in the past 30 days. PI Price, Source: CoinGecko The freefall has triggered some frustration across the community, with some industry participants criticizing the team behind the project and giving some ideas on what could provide the price its much-needed boost.  One X user with over 130,000 followers on X opined that Pi Network “is probably in its most difficult situation since the start of the project in 2019.” They claimed the Core Team seems unprepared for the amount of work, responsibility, and tasks that an Open Mainnet brings with it.  “That’s why their announcements are totally off, don’t represent the real situation, new features don’t work as planned, and the community feels let down,” the X user added. They suggested that Pi Network’s team needs to hire more people, decentralize the native token, and give developers more freedom to develop on the network “as they wish.”  Another essential factor that may positively impact PI’s valuation is additional support from leading cryptocurrency exchanges. Over the past several weeks, rumors have increased that Binance would allow trading services with the asset. The company issued a vote last month to check whether its users want to see the PI listed on the platform. Over 86% of the voters clicked the “yes” option, but the exchange remains silent on the matter. The well-known trading venues that havealready embraced PI include Bitget, Gate.io, OKX, MEXC Global, CoinEx, and others.  Pump After This Level? Not long ago, the X user MOON JEFF predictedthat PI’s price could continue its plunge to as low as $0.60, labeling it as “the only support left.” However, the analyst expects a massive resurgence to a new all-time high of $5 should this bottom be indeed reached.  Most recently, MOON JEFF urged people to buy PI at the $0.50-$0.60 range, describing it as the “accumulation zone.” Let's have a look at some of the most important news regarding Pi Network as of today - March 30th. Pi Network is one of the most popular cryptocurrency projects, causing both controversy and plentiful discussions online. Having launched their mainnet not that long ago, the team defied some of the negative expectations and their token is currently solidly in the top 100 coins by means of total market capitalization. Yet, many remain skeptical. In the following, we examine some of the most recent developments, updates, news, and commentary by influential industry participants regarding Pi Network. Pi Network News: Pushing Back Against Controversy ! Back in February, before the mainnet of Pi Network went live, the CEO of one of the largest cryptocurrency exchanges – Bybit – Ben Zhou, said in an X post that the project is a scam, citing police reports from 2023 issued by Chinese police authorities describing it as such. He further explained that the exchange wouldn’t list its native token – the Pi coin. Now, according to a recent report by The Defiant, a spokesperson from Pi Network disclaimed these allegations and said that it lacks any of the hallmarks of a multi-level marketing (a.k.a pyrmaid) scheme. Apparently, rather than having multiple levels in its referral program, Pi Network only has one.If Person A refers Person B, and Person B then refers Person C, Person A and Person C have no relationship and do not receive any mining bonus as a result of them being referred in,” the spokesperson said. Pi Coin Price Tanks 22% Weekly ! There seems to be no isolated project-related reason for this as the cryptocurrency follows the trajectory of the broader market, which is mostly covered in red as well. It’s worth noting that it is the wors-performing coin in the top 100, followed by Hyperliquid and Kaspa. Pi Network Updates to Migration and Account Verification ! In the past, Pi accounts relied predominantly on phone numbers for their unique identification system. According to the team, this has been both expensive and unreliable. Having that in mind, the team is migrating to a new account verification system that will rely on email-based two-factor identification. There are additional details that the users need to go through such as establishing a trusted email.