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OKX is launching the PI/USDC trading pair to increase liquidity on the Pi network as trading volumes have dropped by 83% and the community awaits updates on the 2025 migration.
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Highlights
- OKX introduces the PI/USDC pair, expanding trading options and access to Pi Network liquidity.
- This move gives Pi traders a stable USDC pair, along with BTC, ETH, DOGE, and XRP.
- Analysts suggest that this could lead to a substantial reduction in the liquidity of the Pi Network ecosystem.
OKX has introduced the PI/USDC trading pair on its platform, giving the Pi Network community more direct access to liquidity.
OKX expands access to Pi network
The Times of PI Network in a recent post on X he saidOKX has launched the PI/USDC pair on its platform. The launch of the pair is intended to provide traders with stability and ease of use.
This gives Pi Network access to one of the most widely used stablecoins on the market. It will also provide investors with a more reliable entry and exit point. OKX has already launched 12 additional USDC trading pairs, putting Pi alongside assets such as BTC, ETH, DOGE, and XRP.
OKX from the beginning
Notably, OKX has been a strong supporter of the Pi Network since its initial public offering shortly after the launch of the Open Network. The exchange also controls a large portion of Pi’s daily trading volume. With this move, the exchange further solidifies its role in Pi’s visibility in the market.
This happens after Pi Network moderator indicated the possibility of a second migration to mainnet in 2025. This has raised hopes among Pioneers market players who are waiting for delayed referral bonuses and settlement of unverified balances. This new OKX pairing could help investors by offering a more stable and liquid market environment.
Pi Index Price Struggles Amid Low Liquidity and Rising Foreign Exchange Reserves
Although the new pair is expected to increase liquidity, the Pi Network continues to struggle with a sharp decline in market activity. According to CoinMarketCap, Pi trading volume has plummeted from $18 billion in March to just $2,4 billion in July, a drop of 83%.
Data from PiScan They also show that Pi’s foreign exchange reserves have grown exponentially since March. The total value currently stands at 409. Analysts warn that this trend indicates increasing selling pressure from traders rather than new buying interest.
Hackathon
As part of further developments aimed at increasing the utility of cryptocurrency The Pi Core Team launched a Pi hackathon Developers are encouraged to create decentralized applications (dApps) that bring the utility of Pi cryptocurrency to the real world. Participants can win prizes of up to 160 PI, which is equivalent to approximately $000.
The community's reaction to the project has also been mixed, with some pioneers criticizing the initiative, saying past events have not led to significant adoption. Additionally, Pi's social presence has dropped to a weekly low, indicating a decline in visibility on social media.
Conclusion
However, a crypto analyst predicted potential growth for the token. He highlighted the $0,60 price level, stating that it represents the strongest resistance for Pi. If this barrier is broken, the charts indicate a volume gap above it, which could allow the Pi price to grow more easily.
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PiNetwork
Pi Network Announcement
PiNetwork is a blockchain-based cryptocurrency project that aims to allow users to mine coins Pi using smartphones. The project aims to promote the adoption of cryptocurrencies.
The project was launched by doctoral students at Stanford University in 2019. PiNetwork offers users a simple and environmentally friendly way of mining Pi coins by simply opening the app and pressing a button once a day.
One of the features of the Pi network is that users can increase mining speed by expanding their network. Pi Network also aims to increase the value Pi coins by allowing users to create and use web applications on the platform Pi.
PiNetwork is currently launching its mainnet. To to Pi Network To join, you must download the mobile app and enter an invitation code. PiNetwork is an innovative project that aims to pave the way for the future of cryptocurrencies.
How to participate in Pi Network
If you are not a member of the Pi Network, you can get started in 5 minutes by clicking here link. By registering using my referral code jwkkbiz we can earn Pi both. Pi Network is an application that allows you to easily mine the cryptocurrency "Pi" on your smartphone. By pressing a button once a day, you start mining for 24 hours, even if you leave your phone idle. In 2024, I mined 360 days a year, and those who accepted the invitation received many benefits. If you register using a referral code jwkkbiz, you will get a 25% increase in mining speed.
After 30 minings you will pass KYC (Know Your Credit), so remember to enter your real name when registering. If you register incorrectly, you will lose 20% as a penalty.
For more detailed information and reasons for registration, please see here.
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