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Pi Network hits $0.35 – Can it recover after dropping 14%?
The recent market performance of Pi Network has been marred by a significant drop in the price, with a decline of approximately 14% over the past 24 hours. The current market value of PI coin now stands at around $0.35, sparking questions regarding its potential for recovery.
In this article, we will explore the primary factors responsible for the downward trend and whether or not it is feasible for the price to recover in the near future.
It has been observed that the broader crypto market dropped significantly due to Donald Trump’s tariff regulations taking effect on August 1st. This development was accompanied by an increase in failed transactions, with over 58% of the total daily transactions being unsuccessful.
Source: ambcrypto.com
