Will Pi Network Recover From This Slump?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Current Situation of Pi Network: The Pi Network is experiencing a significant decline in its cryptocurrency value, with Pi Coin dropping nearly 20% to $0.44 amid high trading volumes and user skepticism due to delays in launching its mainnet and identity verification processes.
Future Outlook and Concerns: Experts predict further price drops for Pi Coin, potentially reaching as low as $0.1, driven by oversupply concerns and diminishing interest in the project, highlighting the urgent need for the Pi Network team to improve technical and regulatory efforts to restore market confidence.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
