Pi is losing steam as a highly discussed project this year, with the buzz quickly fading and the price facing downward pressure. However, much of this could be attributed to the reduced optimism and rising selling pressure that followed since the project launch.
Although the Pi network news reports a return to optimism, likely fueled by the project’s hackathon, the price has remained stagnant.
However, the price dynamics indicate that investors are moving their money elsewhere. Here is a comprehensive analysis of the price direction and an examination of where the smart money is heading.
Top Subject From Pi Network News This Week
The Pi network news has been high in praise for the Pi hackathon, which is focused on creating new use cases for Pi and driving innovation. However, the hackathon is not the only topic to discuss from the Pi network news lately, with the protocol upgrade and ETP also gaining attention.
The Pi Network news shows that the project has now upgraded its protocols to version 23, allowing for better efficiency. However, according to Pi Network news, much of this latest development has had little to no effect on the price growth.
The Pi coin price today experienced an additional 7% drawdown, contributing to the growing concern about the coin’s future. Following the price action of Pi, the coin has maintained a continuous downtrend over the last few weeks.
In fact, examining the Pi coin on a weekly chart reveals that it has been in a downtrend since its launch. Additionally, although the Pi coin hit a new all-time low a few days ago, reaching $0.33, the new setup suggests it could drop even lower in the coming days.
Remittix Makes Move To Beat The Pi Coin Price By September Ending
The Pi coin price movement is showing signs of a potential collapse, with its price heading downwards even after hitting a new all-time low. However, Remittix has continued with its rising price dynamics, setting new highs every day.
The Remittix price is currently trading at $0.1030, following a 5x surge from $0.02 a few weeks ago. But the intense buying momentum could see the Remittix price beating Pi’s $0.33.
Some of the catalysts that could help Remittix token beat the Pi coin in the coming weeks include:
- Remittix’s impact on payment, which is a high-demand sector
- Low cap appeal that is currently fueling high demand from top whales
- Well stated, staking rewards unlike Pi’s zero staking
These factors show why investors are betting on the success of Remittix ahead of Pi as Remittix’s launch approaches.
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Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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