Pi Network has become a topic of debate in the crypto industry. On one side are supporters who believe in the project's potential; on the other side are critics pointing to the lack of real token usage.
Criticism and Support for Pi Network
Some analysts, like **0xRONIN**, point out that the project has had six years of ideas but only five months of real utility since the open network launch. Supporters argue that it aims to create a mobile digital economy, while critics highlight the absence of mainstream adoption since 2019.
Current Market Situation
After a sharp rise in May, when the price of Pi token ($PI) reached $1.60, it experienced a significant decline and is currently trading around $0.37, close to its all-time low of $0.32. This has led to justified criticism of the market situation as demand for the token continues to dwindle.
Opportunities for Recovery
0xRONIN highlights that in the past, when the token touched similar levels, it showed strong rebounds. Potential catalysts for recovery could include a listing on an exchange, progress in decentralization, and new token sales to expand reach. However, uncertainty remains in the cryptocurrency market.
While supporters of Pi Network call for a more objective assessment of the project based on its current utility, the historical path shows that achievements take time. The project's future remains uncertain, and the dynamic of token prices emphasizes the need for patience from investors.
