Pi Coin fell to below $ 1.0, losing more than 43 %in the last week. The sudden decline has led to serious concerns between investors. The uncertainties in market dynamics began to question the confidence in the project. In particular, the uncertainty about Binance listing directly affects the investor decisions. The project management, which has been silent for a long time, is trying to revive the ecosystem with new developments.
Depreciation and market reactions
Pi Coin fell more than 43 %on a weekly basis and broke significant levels of support. The price that hangs below $ 1.0 was considered a serious signal for investors. Analysts say that if the decline continues, a new support may occur around $ 0.82. This leads to increasing the sales pressure of investors with low risk tolerance.
Market sensitivity has become more weakened by the lack of communication of the project. While investors expect a clear explanation of the roadmap, the dominance of uncertainty deepens the loss of confidence. Despite being accustomed to high volatility in the crypto currency market, such a large proportion of a decrease drew attention. In particular, compared to the interest in Pi Coin’s interest in the present decline adversely affects investor psychology.
Dr Altcoin, “Missing communication and transparency has caused some segments to perceive Pi Network as fraud,” he pointed out the confidence problems for the project. However, he stated that he did not observe concrete evidence to support these claims. Nevertheless, investors continue to wait for steps to renew confidence.
Ecosystem moves and expectations for the future
Pi Network is taking new steps to enlarge the ecosystem. Finally, the auction of. These innovations are made with the aim of strengthening the decentralized structure and expanding the web3 infrastructure. Domain names aim to increase the user experience by using it as a digital address.
However, these developments have a limited impact on price decrease and uncertainty of listing. The fact that it is not listed in large stock exchanges such as Binance limits the access of investors to liquidity. In addition, the token lock opening event can increase the sales pressure in the market because it raises additional pressure on the price. Failure to share the net calendar causes the process to become more uncertain.
Investors want to see transparency and regular updates in the communication strategy of the project. Explanations about the roadmap, listing plan and token economy may change the market perception. Although ecosystem growth is supported, it can be difficult to create enough confidence when it is not compatible with market performance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
