Following the launch of its network and token, PI Network's pricing is under discussion as it marks a recent low.
Current Situation with PI Token
The PI Network project, after years of development and delays, finally launched its network and token on February 20. Initially, the PI token saw high interest among users, which reflected in its price changes. However, recent weeks have seen the price drop below $1, reaching $0.8, more than 72% below its peak a month ago.
Analysts Discuss Future Price Movements
Despite support from the community, analysts predict further declines. Analyst MOON JEFF believes the price could drop to $0.6 but expects a possible rebound to $5. Another expert, Andrew Griffiths, is more optimistic, suggesting the price could fall to $0.75 and create buying opportunities due to the formation of a 'falling wedge' pattern.
Hope or Desperation? Community Reaction
The Pi News channel continues to update on the project's developments, claiming a potential price increase. Some users see hope in this, while others perceive it as desperation.
The current situation with PI Network's token is met with mixed opinions among market participants and analysts. While the price continues to fluctuate, further updates in the project and its ecosystem are anticipated.
