Market Pulse
Masternode Count:
The number of active masternodes on the PIVX network slightly decreased this week, falling to 1,954 from 2,048. This represents a drop of approximately 4.6%. This minor reduction is likely attributable to recent price volatility, as the price of PIV briefly rallied within the week. Some masternode operators may have opted to take profit or temporarily move their nodes offline.
Price Check:
PIVX successfully countered the extreme volatility seen across the broader cryptocurrency landscape this week, managing to trade largely sideways despite intense selling pressure on major assets.
Daily USD Prices ranged between $0.21 and $0.28. The asset did, however, see periods of strong buying interest, with days featuring intra-day spikes of up to $0.33. This range-bound action resulted in a weekly average price of $0.2486, a slight decline from last week’s average of $0.25.
Meanwhile, the bearish sentiment in the general crypto market is becoming more intense, with Bitcoin falling to lows last seen in April. The market’s Fear & Greed index has also plunged to 11, indicating extreme fear. However, privacy coins have remained largely resilient.
Trading Buzz:
PIVX recorded healthy trading volume this week, reversing the previous downturn. The total weekly volume climbed to approximately $100 million, an encouraging rise from last week’s $68 million.
PIVX. Your Rights. Your Privacy. Your Choice.
