Pi Coin Price Dips 12%: Investors Await Key Updates Amidst Delay
Pi Coin, the native cryptocurrency of Pi Network, has been under intense selling pressure as its price dips by another 12%.
The coin is currently hovering around the $0.81 mark, marking a 28% decline over the past week. Investors are growing increasingly anxious as the Pi Network continues to miss key milestones such as the mainnet launch, listing on major exchanges like Binance, and the anticipated Pi Domain auction. The ongoing uncertainty has left many questioning whether Pi Coin will ever return to the $1 level.
Community Calls for Clarity from Pi Network Team
The Pi Network’s core team has been under scrutiny as investors demand transparency and clearer updates. The network’s price decline—from highs of $3 to its current $0.82—has left the community disillusioned. The delays in key initiatives, such as the promised mainnet launch and the Binance listing, have intensified frustrations. Critics argue that the core team has been slow to address these concerns, resulting in an erosion of confidence within the Pi community.
Additionally, the Pi Network’s shift towards institutional involvement has sparked debate. Originally built around decentralization, Pi has gradually moved toward partnerships with large corporations focused on transaction speed and security. This shift has raised concerns about the platform’s original values and whether it can strike the right balance between centralization and its original ethos.
Can Pi Coin Stage a Recovery? Market Predictions
Despite the recent downturn, some analysts believe Pi Coin could still recover. Crypto analyst Moon Jeff has suggested that Pi Coin could drop to as low as $0.60, the last significant support level, before bouncing back. However, Jeff remains optimistic about a potential rebound, forecasting a rally that could push Pi’s price to $5 in the coming months.
On a similar note, Dr. Altcoin, a prominent community member, shares an optimistic outlook, encouraging long-term holders to remain patient. “Let’s HODL and buy both patience and Pi while they’re still available,” he advised, hinting at a potential price surge to $3.14 or even $10 within the near future. Furthermore, reports have surfaced suggesting that Pi Coin may soon be listed on the Upbit exchange, which could provide the liquidity boost needed to catalyze a recovery.
Key Takeaways:
Pi Coin drops another 12%, extending a 28% weekly loss.
Investors demand transparency from the Pi Network’s core team.
Price prediction: Possible dip to $0.60 before a potential rally.
The future of Pi Coin remains uncertain, but the upcoming weeks could hold the key to its long-term recovery.
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