The Pi2Day event scheduled for June 28 is generating increased interest and speculation among the Pi network users. Despite the project's struggles, the community hopes for positive changes.
Overall Expectations for Pi2Day
Millions of users in the Pi network are eagerly anticipating June 28 for the biggest event of the year, Pi2Day. This date has become particularly significant amidst recent network issues, such as outages and KYC concerns. Nevertheless, the date is seen as a potential turning point for the project. At the time of press, Pi is trading at $0.5313, having surged 5.9% in the past 24 hours.
Speculation on AI Integration
The buzz around the event heightened after hints from the Pi Core Team about a potential integration with generative AI. Co-founder Nicolas Kokkalis' recent appearance at an AI panel fueled discussions about new features that might be unveiled at Pi2Day. Some community members believe this could revolutionize the Pi ecosystem, enhancing app functionality and security. Additionally, the recent launch of a long-awaited KYC sync feature further raises expectations for the upcoming event.
Current Situation with Pi Coin Price
Despite the growing excitement, the market for Pi Coin (Pi) paints a different picture. In the past month, Pi has lost over 35% of its value, currently hovering around $0.50, just 24% above its all-time low. Various factors, including overall market weakness and increased Pi supply on centralized exchanges, have placed downward pressure on investors. Data from Piscan indicates that major exchanges Gate.io and Bitget hold substantial amounts of Pi tokens, contributing to additional selling pressure on the asset.
The celebration of Pi2Day presents a unique opportunity for the project, but analysts remain cautious, warning of potential price declines unless positive market conditions arise.
