Pi has gone down by 17% up to now 24 hours and at the moment stands at $1.12 per token after the challenge launched a brand new device referred to as Pi domains.
In a prolonged weblog publish, the creating group defined that .pi domains had been created to harness the recognition of the Pi Network and combine blockchain know-how into conventional web sites.
These domains might be auctioned to potential consumers and might solely be purchased through the use of PI tokens.
The possession of those domains might be registered within the Pi blockchain and any purchases made inside e-commerce shops constructed on Pi domains will be settled through the use of Pi as a fee methodology.
The launch of Pi domains provides the PI token a further use case and strengthens its worth proposition.
PI Finds Assist at $1.05 – Can It Bounce Again?
Buying and selling volumes for PI have surged by 63% up to now 24 hours whereas the token is at the moment buying and selling 62.7% under its all-time excessive of $2.98 from February 26.
PI has quickly climbed to the highest of the crypto ranks, and it's at the moment the eleventh Most worthy cryptocurrency with a market capitalization of $7.76 billion, in keeping with information from CoinCodex.
PI has been on a pointy downtrend since February 26, again when the primary deadline emigrate the token to the mainnet expired.
It has made a number of consecutive decrease highs alongside the way in which which have become resistance at $2, $1.8, and $1.5 most just lately.
Nevertheless, the decline appears to have accelerated on Monday night time because the PI token dropped from $1.35 to $1.2 in just some hours. On the time of writing, PI has discovered a ground at $1.05 within the hourly chart. Nevertheless, momentum indicators present that unfavorable momentum is as soon as once more accelerating.
The Relative Energy Index (RSI) has stepped off oversold ranges briefly however has not but managed to make a decisive crossover above the sign line whereas the MACD continues to publish excessive unfavorable readings.
Shifting ahead, if the worth breaks under the $1.05 degree, PI has no different help in the way in which to cushion the decline. In the meantime, if a bounce happens within the subsequent few hours, this might be a bullish sign as a double-bottom technical setup might be fashioned.
Aside from Pi, Meme Index (MEMEX) has additionally been gaining traction, providing a decentralized option to spend money on meme cash.
Meme Index (MEMEX) Raises $4M to Launch its Progressive Platform
Meme Index (MEMEX) is the world’s first decentralized meme coin funding platform.
Via 4 totally different indexes referred to as Titan, Moonshot, Midcap, and Meme Frenzy traders can get publicity to various kinds of tokens based mostly on their threat tolerance.
$MEMEX is the utility token of this novel platform. Its demand relies upon totally on customers’ adoption of Meme Index. The answer’s attraction lies in that it gives a diversified various to spend money on meme coins.
At its presale worth of $0.0166883, $MEMEX provides important upside potential to early consumers as the answer will entice important curiosity from traders as soon as it's formally launched.
To purchase $MEMEX, merely head to the Meme Index website and join your pockets (e.g. Best Wallet).
You may both swap USDT, ETH, or BNB tokens or use a financial institution card to make your funding.
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