Token Crashes 55%, Analyst Says ‘Hold Your Pi Coins’
PI Network has been officially launched and is now listed on various exchanges. The maximum supply of PI is 100 billion, and it is currently in circulation of about 9.7 billion. However, after reaching ATHS above $2, the price has now collapsed and traded at $0.78. The price of Pi is down by more than 55%, people are volatile and people are actively selling.
Looking ahead, OKX lists PIs, but the leading AC mean hasn’t done so yet. Binance says they will list PIs only if certain criteria are met (not yet completed). However, once these criteria are met, second-hand bodies may list PIs and potentially make the price higher. The future of the PI network is uncertain, but some people think it has the potential to create a lot of returns.
Analyst Kim Wong went to social media and wrote: “The PI deal was disappointing as pioneers continued to sell and buy orders were small (up to 1K PI, with an average of hundreds of PIs). No big Capital is insight. But, as sellers are exhausted, this can also be seen as positive, buyers jump in, and prices should rise again.”
He added: “Anyway, it’s important that the PI network has successfully opened up the network to the world and as people understand the power of PI networks, prices will rise when big capital jumps into big capital. Hold your Precious PI coins.”
According to the founders, the PI network ecosystem is designed to access fully functional and user-friendly through the PI browser. This interface allows seamless navigation and provides a login name for all PI applications. It also supports secure in-app payments through the PI Wallet application and facilitates visibility and sharing of PI Web 3 applications through a Web 2 browser. This creates a loop where millions of users of PI can support the growth of the network through sharing applications.
While developer tools are crucial, bulk adoption depends on developers creating real utilities and businesses, providing real use cases for pioneering communities. The PI network has millions of PI tokens with carefully constructed token-based models to prevent overcharging and maintain long-term stability.
