Cryptocurrency enthusiasts are buzzing while the value of the Pi token of the PI network jumped 15% in the last 24 hours, reaching a price over $ 1.70 and rekindling the debates on its market potential.
With its expanding community base and its growing exchange activity, some analysts are now wondering if PI could potentially contest the established position of Cardano in the crypto classification during the second quarter of this year.
Battle for the domination of the warming cryptographic market
The latest price movement positioned PI as a classified cryptocurrency of the 11th with a market capitalization of approximately 12.4 billion dollars, marking a resumption of 38% compared to its recent stockings.
Technical analysis shows that the price of PI follows a high trend up sustained by a confluence of levels of key support, while daily trading volumes exploded at $ 960 million – an amazing increase of 131%.
Despite this impressive growth trajectory, PI faces significant obstacles before it can be realistically threatened the 8th position of Cardano. ADA is currently ordering an assessment of $ 25.2 billion, which requires a PI to more value at around $ 3.57 per token to become competitive.
This challenge is still complicated by concerns about potential sales pressure, because more and more Pi tokens are entering traffic over time.
The distinctive PI approach to the extraction of cryptocurrency favored unprecedented accessibility compared to traditional operating methods.
By allowing users of daily smartphones to participate without specialized equipment or technical expertise, Pi Network has raised more than 70 million users worldwide – many of which have accumulated tokens for years before the recent launch of Mainnet.
This approach has proven to be particularly successful in regions where financial inclusion remains difficult. After the open transition from PI Network, last month, the previously extracted tokens became negotiable, triggering the current wave of market activity.
The ecosystem continues to evolve, with new applications and an emerging peer market which could potentially improve the usefulness of the real world and lead to a new adoption.
The Solana L2 Network Solaxy Eclipse Pi?
Solaxy ($ Solx) will officially enter the market via exchange launches this year as a first layer 2 solution for Solana, attacking the network’s congestion problems that afflict the L1 blockchain during high traffic periods.
By adding a processing layer to Solana’s infrastructure, Solaxy aims to make transactions cheaper, faster and more reliable than those of PI Network.
Solx – The native cryptocurrency of Solaxy – will also help connect Solana, Ethereum and Solaxy together. This combination will offer enormous advantages for web3 manufacturers and users in leading industrial sectors such as AI, web game, coins, NFT and the tokenization of real assets (RWA).
Currently in presale with more than $ 26 million collected, the Solx tokens are at $ 0.001662. The first participants can access an impressive dynamic APY up to 156% PA thanks to the Solaxy implementation program.
Investors should note that the Solx price will increase throughout the remaining stages of the presale, which makes previously more profitable previous participation.
Visit Solaxy’s presale
