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Pi Coin Jumps 15% During Crypto Market Recovery, But Pi2Day Buzz Meets Doubts
Pi Coin Jumps 15% During Crypto Market Recovery, But Pi2Day Buzz Meets Doubts
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's native token PI jumped 15% leading up to its annual Pi2Day event, fueling excitement within its community. This surge aligns with a $36 billion rebound in the total crypto market cap this week.
Community forums were active with bullish predictions, including Pi Barter Mall's speculation of potential price targets between $0.8 and $3. However, NoOnes CEO RAY Youssef cautioned that symbolic events like Pi2Day often lack lasting impact without substantive developments.
PI's recovery to $0.6 follows recent price swings, with some traders betting on short-term Pi2Day momentum. Despite interest from its global base of mobile miners, the token continues to face liquidity challenges that hinder accurate price discovery.
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