Crypto 350

06/24 06:29

Here’s why Pi Network has become a top fallen ange

#World Cup Predictions: 100,000 USDT Daily #TradFi Trading Strategies Sharing Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Here’s why Pi Network has become a top fallen angel in cryptoPi Network has become a fallen angel, with its market cap falling by nearly $19 billion. This performance happened despite having some notable catalysts, including its upgrades. The retreat is because of the waning demand for the token. Pi Network price has stalled close to its all-time low this month despite having some major bullish catalysts, including the ongoing upgrades, pivot to artificial intelligence, and the upcoming launches of Pi tokens. It was trading at $0.1330, down substantially from the all-time high of close to $3. Pi Network price become a fallen angelPi Network price has dropped in the past few months, erasing billions of dollars in value. Its peak market capitalization has dropped from close to $20 billion to the current $1.3 billion, turning one of the most popular tokens into a fallen angel. A fallen angel is an asset that was once popular and thriving but one that is struggling today. Pi Network has become a fallen angel despite some major announcements. For example, it is now going through one of the most important upgrades in its history. Since early this year, it has migrated from v19 of the Stellar Consensus to 25 today. It will soon launch the final stage of the upgrade. These upgrades have had some major implications, with the most important one being the launch of smart contracts on its network. With some more network tweaking, it will now become possible for users to build decentralized applications in the platform. That will make it a closer competitor to popular chains like Solana and Ethereum. Pi Network price has also stalled despite its platform having some ecosystem growth. One of these milestones happened recently when CiDi Games launched its games on the platform. Within the first week, the games had attracted thousands of play

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