The Pi Network cryptocurrency has garnered attention following its listing on MEXC. Price dynamics raise questions about its future.
Current Price Situation
Currently, the price of Pi Network hovers around $0.64. Despite recent events, the asset has failed to break through the strong resistance at $1. Experts believe that until Pi crosses this barrier, it will be difficult for the coin to attract new investors.
Analyst Predictions
According to analyst Dr Altcoin, the price of Pi is likely to keep dropping until the end of August. He claims that unless the Pi Core Team changes its approach, the situation may worsen. The analyst predicts that the token could fall as low as $0.40 in the coming weeks. "No investor wants to put their money into something where the founders refuse to be transparent," Dr Altcoin stated.
Future of Pi Network
Despite short-term struggles, Pi Network remains focused on its projects. Recently, it launched the $100 million Pi Network Ventures Fund aimed at supporting startups in AI, gaming, fintech, and e-commerce. The main goal is to create real-world applications that utilize Pi cryptocurrency, which could ultimately increase its value.
The situation with Pi Network evokes mixed feelings. Negative predictions from analysts, combined with long-term development plans, create uncertainty for investors.
