Pi Network Surpasses Bitcoin, Delivers Over 40% Returns in 7 Days

New Delhi: Cryptocurrency investors are facing a challenging period, with major coins like Bitcoin struggling to maintain value. However, some digital assets have shown impressive gains in recent days, and Pi Network Coin is leading the charge.

Over the past seven days, Pi Network has delivered more than 40% returns, surpassing Bitcoin, which has shown minimal movement of less than 1% during the same period.

Current Market Snapshot

• As of Wednesday night, Bitcoin was trading around $67,000, up approximately 0.70% in the last 24 hours.
• Pi Network Coin was priced at $0.1876, reflecting a 42% gain in the past 24 hours.
  According to CoinMarketCap, Pi Network posted the highest seven-day returns among the top 100 cryptocurrencies.

Still Far From Its Peak
Despite the recent surge, Pi Network Coin remains well below its all-time high. On 27 February last year, the coin peaked at $2.93, before experiencing a steep decline. Currently, it is trading over 90% below its peak value.

Bitcoin Struggles Continue
Bitcoin, the world’s most expensive and widely recognized cryptocurrency, is currently in a downturn. From its record high of $126,000 in October, Bitcoin has lost nearly half its value. Often referred to as “digital gold”, Bitcoin, like gold, does not pay dividends or profits, and its price depends entirely on market demand.

Market Capitalization Decline
The cryptocurrency market has seen a 0.83% drop in market capitalization in the past 24 hours, falling to $2.31 trillion. Over the last month, the global crypto market has declined by over 25%, with Bitcoin losing around 28% of its value.

Disclaimer: Cryptocurrency trading occurs 24/7, and prices fluctuate constantly. Sudden drops can result in significant losses. Investors are advised to seek expert guidance before investing.