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The PI fell by 2 % to less than 0.60 rupees on Monday. Banxa got the approval of KYB, allowing PI in more than 100 countries. The PI has decreased by 80 % of its peak, raising legitimacy concerns.
Pi Network is the Web3 Blockchain project that allows users to extract the encoded currency on mobile phones, unlike bitcoin that requires expensive mining equipment.
The price of the PI metal currency has decreased to 2 percent to less than 0.60 rupees per currency on Monday, after it was marginalized. Within the past 24 hours, the maximum hot cryptocurrency market decreased by 1 percent to $ 4.15 billion.
The cryptocurrency has seen fluctuating in the past seven days by dropping 5 percent. During this period, he witnessed a brief recovery when the price reached 0.62 per currency of currency before it continued sequentially.
What is development?
Banxa has now obtained Kyb’s approval, which represents a great milestone for the PI network and its global community. With this approval, people in more than 100 countries can immediately purchase PI using cash through banxa. This development improves access and is expected to increase the accreditation of the PI network.
Banxa had recently stopped PI transactions. During this time, it was believed that Banxa collected millions of PI at low prices, indicating that they had planned to appeal as soon as organizational approval was secured.
KYB approval from banxa means that individuals in more than 100 countries can easily buy PI with criticism, which greatly enhances access and global adoption. You are expected to receive more platforms, including Bitmart and HTX, KYB approval during the next ten days, indicating the support of the project’s increasing institutions. Companies approved by KYB can only use and trading PI legally, while individuals participating in transactions should be from analog to analogy (P2P) accredited by KYC and the use of non -trustee portfolios.
A decrease of 82 % of the peak at all
The price of the PI has decreased by approximately 80 percent of its peak at $ 3. According to Coinmarketcap, the current price hovers at 0.50 percent. This decline raised concerns about the legitimacy of the project, liquidity and commercial support for the project.
Pi -currency predictions
The next important resistance level at $ 0.60.
The collapse above this may lead to a movement of about one dollar, indicating the confidence of the strongest market in the future of the project.
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