Pi NetworkPi Coin’s main network presence has experienced a significant decrease in recent days and the price decreased to 0.54 dollars below $ 0.60. This sudden missing investors led to panic while leaving investors unstable in selling. However, with a 6 percent rise in the last 24 hours, Altcoin has returned to $ 0.61. This decline Pi Core SetSignificant updates promised and ecosystem developments came after the lack of concrete progress. Despite the recovery of the price, discussions on the potential of Altcoin to reach $ 10 in the long run in the community continue.
$ 10 in Pi Coin: Is it possible?
Pi Coin PriceAlthough it is below $ 1, the project’s gigantic user base still makes the target of $ 10 still realistic. Pi Network has more than 70 million registered users. This figure is crypto currency It means remarkable potential for its project.
Analysts emphasize that even a small part of this user audience can significantly increase the demand of a small portion of Pi for daily payments, online purchases or in services within the Pi ecosystem. A scenario is expected to increase the demand on the price. Analyst, for example Dr. Altcoin“Pi’s price should be at least 10 dollars to gain practical value within the Pi ecosystem”.
Fururawa Other analysts, such as the user adoption rate exceeded a turning point in 2021, and decentralized applications (Dapps) will accelerate this growth even in his opinion.
Supply limitation and external factors
As of now, some of the Pi Coins obtained through mining are still still. This shows that the free movement supply, which can be actively purchased and sold. Theoretically, while the demand increases through new practices or business partnerships, the limitation of the supply can create a suitable environment for the price rise over time. Woody Lightyear Some analysts such as stating that they expect an ascension movement in June and an optimistic painting in the short term drawing.
However, Pi Coin’s latest performance was shaped not only with project -specific factors, but also by conditions throughout the market and geopolitical developments. In particular, the climbing tension and military mobility between Israel and Iran increased uncertainty in global markets. The crypto money market was also affected by this negative air. Like other Altcoins, Pi followed the trend throughout the market. However, some members of the community altcoinreflecting the decreases in the market, it brings criticism that it cannot benefit from rise sufficiently. The eyes of the community are currently in Core Team’s expected and new updates.
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.
