Pi Network Price Prediction: PI Plunges 11% In A Week As This Best Wallet Presale Hits $11 Million

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Pi Network Price Prediction: PI Is No. 1 Trending Crypto On CoinGecko Ahead Of Pi Day, But Traders Buy This ICO For Hot Tips
Pi Network Price Prediction: PI Is No. 1 Trending Crypto On CoinGecko Ahead Of Pi Day, But Traders Buy This ICO For Hot Tips

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The Pi Network price dropped 11% in the last week and 6% in the last 24 hours to trade at 1.59 as of 4:10 a.m. EST on trading volume that went down 36% to $566.44 million.

It is also worth noting that Pi had an even larger dip back on March 9, when it dropped to $1.25, but it managed to recover to $1.8 on March 12, only to drop again to where it is now.

These major fluctuations were caused by numerous major shifts that crypto conversations took in this past week, from optimism regarding the US crypto reserve fund to an underwhelming crypto summit in the White House, crypto ETF delays, and the CPI and PPI reports published over the last few days.

Pi Network Price Prediction

With major events impacting the crypto industry, the prices of major and smaller coins alike became quite volatile, with PI being no different. The last two days alone have seen the project’s value see several major trend shifts, which also impacted the project’s trading indicators, such as the Bollinger Bands.

The bands have seen major widenings during rapid price changes, but they would also narrow suddenly whenever the price reached brief stability, indicating that there is now a lot of optimism surrounding it. Despite the fact that price fluctuations would often be fairly small, the price typically went up and down from one band to the other, further stressing how narrow they would get, which is typically a bearish signal.

Pi Price Prediction

15-minute chart for PI/USDT (Source: TradingView)

Meanwhile, the project’s Relative Strength Index (RSI) has also seen fluctuations, suggesting that there was still strong trader activity. The RSI dropped from the overbought zone on March 12 to the oversold zone early on March 13, only to recover to the neutral value of 50, where it spent half the day yesterday.

After that, traders started selling again, only to buy the dip and push the RSI back up to the overbought zone. Following that came another round of profit-taking which returned the metric to the neutral value. This was then followed by a sharp rise in trading, causing first a wave of purchases, and then a sell-off on early March 14.

Currently, the RSI value has dipped to the oversold zone, and the price has seen a sharp drop, both of which will likely be followed by another recovery, although these sharp fluctuations could continue in the hours to come.

Promising Alternative To Pi Network

With the Pi price seeing major fluctuations, investors looking for a promising asset could turn to Best Wallet (BEST), which is currently in presale.

BEST is the wallet’s own token that will be deeply integrated within the wallet and its ecosystem once it goes live, bringing numerous benefits for its token holders. If you are a Best Wallet user, or you intend to become one, you could experience lower transaction fees, higher staking rewards, early access to new projects, and even permission to join community governance simply by holding the BEST token.

This comes in addition to the wallet’s other benefits, such as support for over 60 blockchains and the thousands of cryptos that run on them, or the ability to connect your other wallets to it and manage all of your funds from one place.

Of course, Best Wallet is non-custodial, and it even has a native launchpad that has seen the launch of numerous crypto ICOs since it was created. Some of its biggest and most successful launches include Wall Street Pepe (WEPE), Catslap (SLAP), and Pepe Unchained (PEPE), all of which saw major price surges after going live.

This suggests that the wallet is good at picking projects bound for success, giving users yet another reason to use its services. You can find the current presales in its “Upcoming Tokens” tab, including BEST, which currently sells for $0.024325.

Recently, the project’s ICO just hit $11 million. Meanwhile, the wallet continues to evolve and see new upgrades that could end up making it the best crypto wallet to use in the entire industry, according to a popular crypto YouTuber, ClayBro, who has over 136k subscribers.

Interested investors should act fast, because BEST will undergo a presale price hike in 11 hours.

Visit the Best Wallet website.

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