Pi Network’s PI Token Dumps to New All-Time Low Despite Big Events Coming Up

The previous PI ATL was in June. The cryptocurrency market headed south hard on Monday once again, with BTC tanking below $74,000 for the first time in almost three months, while ETH slipped below $2,100. Pi Network’s token has taken this crash worse than most. The asset, which has failed to stage a notable comeback after its summer slumber, nosedived to a fresh all-time low at just over $0.063. The asset has slumped by more than 13% in the past 24 hours, and it’s down by nearly 20% since this time last Monday. Pi Network (PI) Price on CMC Can PI Recover? It took PI roughly five months to chart a new all-time low. Recall that the last one came in June when the token dropped to just over $0.070, where it finally found some support. It tried to rebound in the following months and peaked at $0.11 after the mid-August rally. However, it quickly retreated and hasn’t been able to pump past $0.10 ever since. Following today’s crash, PI’s market cap has dropped to $720 million, making it the 69th-largest cryptocurrency by that metric on CoinMarketCap. The broader calamity is even worse, as the asset has shed almost 98% of its value since its all-time high of $2.98, marked in late February ...