The Pi Network project has announced that in less than a week, over 200,000 bids have been made to purchase registered .pi domains. This level of participation in domain auctions has raised hopes for the Pi Coin price to return to $1. Currently, around 40,000 unique users are competing for 95,000 domains, with total bids reaching about 3 million Pi. Some domains with names of major companies like Amazon and Samsung have also attracted attention with high prices. The Pi development team has also released a policy document detailing how this auction is conducted, providing more insights into the domain allocation process. Meanwhile, after a 5% decline, the Pi Coin price is currently trading around $0.8862, and the market is anticipating a resurgence in the value of this digital currency.
