The Pi-Bridge will continue to add new updates, but the utility token will lack real utility until the Pi Network’s main mesh is opened up.
Pi Bridge is subject to price volatility
Pi Bridge has had rollercoaster rides up and down since launching in the new year. However, despite the expansion of several functions, the Pi Bridge Utility Token still lacks its true utility.
The nano-cap token mainly fluctuated between $0.04 and $0.05, hitting a high of $0.11 on Jan. 7 but struggling to hold the levels. Since hitting a new all-time high on Jan. 7, the token has undergone a steady downtrend to its current price level of $0.04036.
The token is currently about 64% below the all-time high, but still remains over 100% above the low price of $0.019. Will the millions of pioneers pay attention?
“We are building a parallel platform with Pi Network. And almost done if the Pi mainnet succeeds. The app’s features are specifically designed for pioneers, so this community is very interested,” Pi Bridge’s Victor Nguyen told BSC News. Source: PooCoin
The Pi Bridge team continues to roll out updates such as: B. Recent Android improvements that improve payout features to attract holders. They also added staking as a service to attract more users and increase the tendency to lock tokens long-term. Long-term token locking can help reduce price volatility.
Ultimately, the new token associated with the Pi Network will likely continue to experience volatile price action as long as the Pi Network mainnet remains closed. The low market cap — around $11 million according to CMC — also drives volatility due to the potential for market manipulation at low levels.
Ultimately, the closed mainnet will always remain the biggest obstacle to platform growth. The real utility of the token is to act as a bridge between the Pi network and the BNB chain. Until the network is opened up, the benefit remains unfulfilled.
The Pi Bridge team plans to keep building and will even participate in the upcoming Pi Network Hackathon. The hackathon started on January 11th and saw over 1900 projects.
“Currently, Pibridge also has a DApp alongside the app to cater to crypto enthusiasts out there. We also have a team for the PCT Hackathon and will be announcing it in the next few days!” added Nguyen,
What is Pi Bridge:
PiBridge is an all-in-one hybrid financial application platform that supports both DEX and CEX models with multi-chain and cross-chain AMM, agriculture, lending, fundraising platform (launchpad), forecasting, NFT and more features combined. All products are developed with Pi Network as a base.
Where can I find Pi Bridge:
Website | Twitter | Telegram |
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain not only secures economic transactions via a mobile meritocracy system, but also a full Web 3.0 experience, where community developers can create decentralized applications (dApps) for millions of users.
Where to find the Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram
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