The price of Pi Coin continues to fall, reaching an all-time low. This raises concerns among investors and the community.
Overview of Pi Coin Price Decline
The price of Pi Coin has dropped over 80% from its all-time high of $2.98, reached on February 28. Yesterday, the price fell to $0.53.
Reasons for Pi Coin Price Drop
The price decline is occurring amid growing concerns about the transparency of SuperNode selection and the team holding 83 billion of 100 billion coins. Additionally, the lack of social media activity from the team is causing investor fears about the project's future.
Outlook for Pi Network Community
The absence of positive news is driving the price down even faster. If the team does not begin to communicate more actively and share positive updates, the price may drop below $0.50.
The situation with Pi Coin prices indicates a need for active communication from the team to retain investors and maintain optimism within the community.
