Network Price Dips as Testnet Rolls Out
Network Price Dips as Testnet Rolls Out
Pi Network price dips as testnet rolls out first smart contract, with a 6.99% decline to $0.1710. The downward trend remains firm.
Introduction to Pi Network Price Dips
The Pi Network price has experienced a significant decline, with a 6.99% drop in the last 24 hours. This downward trend comes as the Pi Network has introduced its first smart contract feature on the testnet.
Testnet Rolls Out Smart Contract Support
Pi Testnet has launched subscription smart contract support, marking its first smart contract capability. The release enables recurring payment testing for developers and businesses. 20% weekly losses have been reduced, but the price has resumed its downward trend.
Smart Contract Features
- Recurring payment testing for developers and businesses
- Subscription support on Pi Testnet
- PiRC2 published for review and community feedback
Pi Network Price Analysis
Technical analysis shows that the Pi network price has formed a base and started a recovery trail after a long decline. The rebound gained pace through February and early March, reaching a peak near $0.30. However, the rally ended quickly, and the price has since experienced a sharp correction.
Price Action
The price action has shown stabilization after a sharp correction and failed rebound attempts. The downward trend remains firm, with lower highs and lower lows. 6.60% decline has been recorded, reflecting steady weakness across the session.
Key Takeaways
- Pi Network price dips 6.99% to $0.1710
- Testnet rolls out first smart contract feature
- Downward trend remains firm, with lower highs and lower lows
- PiRC2 published for review and community feedback
Frequently Asked Questions
What is the current Pi Network price?
The current Pi Network price is $0.1710, with a 6.99% decline in the last 24 hours.
What is the significance of the testnet smart contract support?
The testnet smart contract support enables recurring payment testing for developers and businesses, marking a significant milestone for the Pi Network.
