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Pi Network Reaches 120 Million Downloads, Price Approaches 1 USD
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Pi Network has surpassed 120 million downloads worldwide, demonstrating the strong appeal of DeFi. In just the past 30 days, there have been an additional 1.3 million new users. The project, founded by Stanford PhDs, currently has over 55 million members and aims to create a fair financial system for everyone.
Banxa has received K.Y.B approval to sell Pi Coin globally, opening up wide buying and selling opportunities. Previously, Banxa purchased over 30 million USD worth of Pi.
However, the price of Pi Coin is currently under pressure, hovering around 0.58 USD. To regain momentum, it needs to break through the 0.60–0.62 USD range with strong volume. Weak technical indicators are causing traders to be cautious as large Token unlocks continue to occur.
Pi Coin once peaked at $2.90, but then the price dropped significantly, causing many to doubt the project. However, the network's development pace remains significant. The coming weeks will be crucial for Pi's price direction, but for many in the Pi community, the long-term vision is more important than short-term price movements.
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