The price of Pi Coin raises serious doubts among users, leaving many questioning the token's future. Leading analyst Zoe shared her thoughts on the obstacles hindering the cryptocurrency's growth.
Lack of Decentralized Applications (dApps)
Zoe pointed out that it has been over 100 days since the Pi Network launched its mainnet, but there are still no strong or useful decentralized applications (dApps) on the platform. This is a significant issue for any blockchain project. Without dApps, users won't actively utilize the network, which hinders the attraction of developers and creates uncertainty among investors.
Overemphasis on Price
Zoe believes that the Pi community is too focused on price. Many users are only interested in when the token's price will rise, neglecting the project's value in the long term. This mindset can negatively affect the project's growth. Instead, the community should consider how to improve the utility of Pi and support developers.
Insufficient Team Engagement
Another issue Zoe raised is the lack of team engagement on social media. She thinks the Pi team should be much more active in engaging with both users and developers to restore trust and interest. Regular updates and communication with the community could help bring energy back to the Pi ecosystem.
Despite the issues raised, Zoe expresses hope for a bright future for Pi Coin. These problems are not permanent, and if the team can launch real apps, shift the community's focus, and improve engagement, the token's price could finally start to reflect its early promise.
