Pi Network (Pi Coin) has fallen below $ 0.70 for the first time since the end of February. A community member believes that the Pi Network team has done a bad job after the Open Network launch. Therefore, it recommends to hire more people to solve some problems. An analyst says that Pi Coin has a chance to jump towards $ 5 after hitting the bottom at 0.60 dollars.
What can Pi Network Coin crawl the collapse?
Cryptoco in.comAs you have followed, the crypto money market was the scene of significant fluctuations last month. Numerous leading crypto currencies recorded significant decreases. Among the biggest loser, Pi Coin, the controversial crypto project Pi Network’s local token. Recently, the price decreased by 8.9 %per day below 0.70 dollars. Meanwhile, Pi Network Coin has lost 70 %of its value in the last 30 days.
PI Price, Source: CONKECKOThe free decline triggered some disappointments throughout the community. Some sector participants began to criticize the team behind the project. In addition, they gave some ideas about what can be achieved at the price.
An X user with more than 130,000 followers in X said that Pi Network is probably the most difficult situation since the beginning of the project in 2019 ”. He also claimed that the core team looked unprepared for the work, responsibility and tasks of an open network. “Therefore, the announcements do not represent the real situation. New features do not work as planned. The community feels disappointed,” he added.
Some community members suggested that the Pi Network team hired more people. They also argued that they should give the local Token to decentralize and give developers more freedom to develop as they want “as they want”.
Catalyst for Pi Coin: Binance listing!
Another important factor that may positively affect PI’s valuation is additional support from the leading crypto currency exchanges. In the past few weeks, rumors have increased that Binance would allow trade services with Pi Network Coin.
The company organized a vote last month to check whether its users want to see PI listed on the platform. More than 86 %of the voters marked the “yes” option, but the stock market remains silent. Bitget, Gate.io, Okx, Mexc Global, Coinex include Bitget, Gate.io, Okx, Mexc Global.
Analyst: Pi Coin can jump for $ 0.60!
Recently, the X user Moon Jeff predicted that PI’s price could continue to decrease to $ 0.60. The analyst described it as the only support of the remaining support .. However, the analyst awaits a huge rise towards $ 5 if this bottom is really reached. Finally, Moon Jeff invited people to buy PI in the range of $ 0.50-0.60 and described it as a “accumulation zone ..
