Pi Network (PI) Hit by Volatility, Solana (SOL) Braces for Additional Sell-off: Bits Recap Nov 13

Pi Network’s native token experienced heightened volatility over the past several days, driven by excitement about an upcoming ecosystem event and broader market dynamics. Solana’s SOL plunged 10% on a weekly basis and risks further declines, while Zcash (ZEC) lost its prestigious spot among the ten largest cryptocurrencies. PI’s Roller Coaster The token has been in a steep downfall over the last few months, and its condition worsened at the start of November, when it tumbled to a new all-time low of around $0.063. Earlier this week, the higher-than-expected inflation in the US poured another cold shower on the cryptocurrency market, but instead of following the red wave, PI surprisingly headed north and exceeded $0.07.

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