Pi Network Stabilizes, But Unverified Market Cap Fuels Concerns
PI Network’s token price eventually stabilizes after market corrections, and remains stable despite being wider volatility. The daily trading volume of tokens also reached US$500 million.
PI has also experienced high inflationand its market capitalization claim has not been proven.
PI network display stability
PI network, a Blockchain projects sweep the cryptocurrency spacethere are a few days. binance renew as a result Recent Community Votes List Tokensconfirmed that the proposal has 86% support. However, its listing decision is still pending.
although Broader concerns about possible bear markets, After a brief market correction, altcoins are stabilizing.
As March 14 (PI Day) approaches, some fans are looking forward to major announcements from developers. The official X account of this project exceeds Ethereum’s Followers total, it is currently the fourth largest encrypted account on the website.
certainly, Recent Pi Airdrop Once was The most valuable airdrop in history It costs $12.6 billion, so it is difficult to issue a bigger announcement.
200 million PI tokens over the past five days Has been put in cycle. This means that the inflation rate of 0.634% per day and the inflation rate of 231.41% per year is very high.
In addition, CoinMarketCap data shows that PI’s market capitalization exceeds $10 billion, making it one of the 15 cryptocurrencies on the market. However, the platform has not updated its rankings, which is probably because the market cap is self-reported and has not been independently verified.
“The PI Network is currently ranked 3157 on CoinMarketCap due to its unverified market cap and circular supply. However, if the self-reported supply is accurate, PI will exceed $10 billion in market cap, setting it at 11-12,” he said. Write Poular influencer Zoe.
Still, these claims of numbers are not verified, and the PI network has some demanding critics. Bybit CEO Ben Zhou, Claiming that the project is a scamreminding his followers that the Chinese government sees the project as a thorough pyramid plan.
CoinMarketCap is obviously reluctant to list tokens as a top contender in the early stages. Other major data tracking platforms (such as Coingecko) omit the market value of the token.
In short, the recent news cycles about PI networks are very confusing. Its supporters continue to build the project’s international notoriety, but critics want to know if the entire business is a bubble.
Disclaimer
persist in Trust Project Guide Beincrypto is committed to impartial, transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
