Network | Crypto

Kraken has introduced perpetual futures contracts for Pi Network’s native token, PI, allowing traders to speculate on its price with up to 20x leverage, according to a May 23 announcement. The listing marks the token’s first appearance on a major derivatives platform. However, it failed to create positive momentum for the token’s price. Based on […] The post Pi Network token makes derivatives debut on Kraken with perpetual futures offering 20x leverage appeared first on CryptoSlate.

A popular X account with a growing audience published an investigation into Pi Network about its legitimacy.

Pi Network rallied hard in the past week. How high will it go? Key Support levels: $1.4, $1 Key Resistance levels: $1.7, $2 1. Price Explodes In the past week or so, PI’s price has exploded and almost tripled. It went from $0.6 to almost $1.7. A pullback here is likely considering this huge rally […]

Pi Network is not “dead” in the sense of being completely abandoned or defunct, but it is struggling significantly with its price, user confidence and ecosystem development. When Pi Network first hit the scene in 2019, it had a simple but compelling pitch: What if you could mine cryptocurrency straight from your phone — no expensive gear, no massive electricity bills, just a tap a day on an app? It caught fire. Millions of people jumped on board, lured by the idea of “free” mobile mining and a chance to get in early on the next big thing. The app made it easy: You signed up, invited a few friends, tapped a button every 24 hours, and watched your Pi (PI) balance slowly grow. With the social referral model fueling growth, it wasn’t long before over 70 million users had signed up worldwide. Read more