The price of the cryptocurrency PI recently dropped below $0.70, raising concerns among crypto community members and drawing criticism towards the Pi Network team.
Overview of Events
In recent weeks, the cryptocurrency market has been experiencing significant fluctuations, with PI being one of the hardest hit. Over the past 30 days, its price has fallen by 70%, reaching below $0.70.
Community Reaction
Some community members believe that the Pi Network team is unprepared for managing an open network. One user suggested hiring more experts and promoting token decentralization to give developers more freedom.
Outlook and Predictions
Some analysts see potential exchange support as a positive factor for improvement. Binance recently conducted a vote among its users about listing PI on the platform. Additionally, some experts expect a price recovery after reaching the $0.60 bottom.
The PI price drop has caused concern and criticism towards the project team. Exchange support and further decentralization may be key for price recovery.
