Pi Community DOG (PIDOG), a memecoin that was created to again the Pi Community, has misplaced 60.3% in worth as we speak. The token fell to a low of $0.00000064 from an intra-day excessive of $0.00000200, with a 14% drop in whole buying and selling quantity.
PIDOG is a memecoin constructed on the Pi Community, which formally launched its Open Mainnet as we speak. It’s a premier meme coin that merges the playful spirit of DOG with the highly effective blockchain of PI Community
The coin lately gained consideration after changing into one of many first 20 functions to affix the community’s mainnet. It additionally received listed on MEXC final month, which sparked pleasure as merchants noticed it as a possibility to capitalize on Pi Community’s development.
Nonetheless, the extraordinary volatility from the mainnet’s launch appears to have shaken up the market as many merchants opted to unload their holdings.
Pi coin, the official digital forex of Pi Community, additionally took a success and misplaced 42% of its value a couple of hours after the mainnet launch. Though the coin noticed an unbelievable buying and selling quantity of $780 million, many pioneers appeared to be discouraged by the itemizing value of $1.4, which could be very a lot lower than what some had predicted to surge to $100 or $500.
With Pi Coin having misplaced its value, the market has turn into extra immune to PIDOG as effectively. Nonetheless, some consider that Pi Coin will achieve worth over time as extra companies undertake it for transactions. If this occurs, PIDOG may additionally regain its worth and profit from the increasing Pi Community ecosystem.
Additionally Learn: Pi Coin is now trading on 9 Crypto Exchanges: Check Live prices
