The integration of Pi Network with Onramp Money has opened new purchasing options for tokens in over 60 countries. However, the token price remains below $0.35.
Integration with Onramp and Token Accessibility
After Pi became available through Onramp Money, users gained the ability to buy tokens using popular services like Alipay, Maya, and GCash. This marked a significant step for the community, allowing for easier entry into the Pi ecosystem. Nevertheless, current trading charts show sellers remain in control, and the token has lost over 80% of its value in the past six months.
Methods of Token Distribution
Pi Network has chosen a strategy of slow, controlled token release through foundation wallets to regulated partners, such as Onramp, Banxa, and TransFi. These platforms collectively support over 170 payment methods, ensuring access to tokens while maintaining regulatory compliance. Analysts note that this strategy is aimed at real-world use of tokens for apps, commerce, and P2P transactions.
Current Market Situation and Forecasts
Currently, however, the market dynamics remain unfavorable. Pi slid 4.5% in the last 24 hours to $0.344 and failed to hold above $0.35 after the Onramp announcement. Attempts at recovery quickly fizzled, indicating declining demand. The Pi Core Team frames this as part of a broader strategy of real-world integration before price appreciation.
Pi Network's approach to integration and token distribution could have lasting effects on their market value. The question of whether investors can wait for fundamentals to improve remains unanswered.
