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Highlights
- Plian is primarily a proof-of-stake multichain that aims to lift the technical barriers associated with the decentralised finance's (DeFi) adoption.
- Being multichain, it supports the Ethereum Virtual Machines, thereby maintaining high-speed and dynamic shards to ensure programmable finance.
- PI crypto was trading at US$0.004034 with a trading volume of US$28,064.64 over a day, according to CoinMarketCap.
Plian (PI) is primarily a proof-of-stake multichain that aims to lift the technological barriers associated with decentralised finance's (DeFi) adoption. Being multichain, it supports the Ethereum Virtual Machines, thereby maintaining high-speed and dynamic shards to ensure programmable finance.
As a protocol network, PI crypto envisions delivering a familiar array of tools for developers to allow complex testing and launching of DApps, thereby adding on-chain oracles and creating novel technologies for the future.
Plian's unique technology offers trust and unparalleled scalability to the DeFi economy, and it looks to sponsor a community-governed Decentralised Swap, Pizzap, to obtain liquidity. The 999th-ranked crypto on 13 July witnessed a rally of 2.08% at 10.50 am (GMT +1), according to CoinMarketCap.
Why is PI crypto rallying?
Although the exact reason for the PI crypto’s surge is still unclear, it seems to extend its momentum following the week's rally of 11.7%. The PI crypto investors must be buoyed by the rally, considering the overall crypto market has been down on 13 July.
If we look at the charts, it will reveal that the momentum is on the PI crypto's side, with the MACD line on its way up, creating a significant gap between the signal line.
Image credit: Trading View
Even the RSI indicates increased market activity, with the investors seemingly interested in the token. The RSI of Plian crypto stood at 54.70 during the intraday trading session on Wednesday.
Image credit: Trading View
If we look at the 100-day and the 200-day momentum, it indicates that the token's price may reach 0.0051859 and 0.0067304, respectively.
Price Performance
PI crypto was trading at US$0.004034 with a trading volume of US$28,064.64 over a day, according to CoinMarketCap. The unique token had a live market cap of US$36,46,583 with 90,39,59,464 PI coins in circulation.
Even though the indicators are pointing to a sustained momentum, considering its recent trend, investors would do well to keep in mind that crypto markets are at their volatile best. With the prices of cryptos witnessing wild swings on a daily basis, proper market research is a must to ensure avoid any pitfalls.
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