The price of Pi Network has slipped 4% and is now around $0.48. However, one expert suggests that supporters have reasons to remain optimistic.
Current Situation in the Pi Network Market
Currently, Pi Network is trading at approximately $0.48 after a 4% drop. Despite this, the crypto community continues to discuss the project's prospects.
Expert Predictions and Opinions
Dr. Altcoin, a well-known analyst, predicts that Pi Network could eventually reach the long-awaited $10 price target. According to him, this milestone might be achieved once the AI App Studio can start building advanced applications on the Pi ecosystem, and the price stabilizes within a $10 ±10% range.
When a community member asked how long this might take, he responded honestly: "For the AI App Studio, 1-2 years."
Factors Influencing Pi's Price
Despite the challenges faced by Pi Network, including inflationary pressures and the daily influx of tokens into the market, technical indicators show early signs of recovery. Momentum indicators such as the MACD and RSI are improving, suggesting new buyer interest. If this trend continues, analysts say Pi’s price could rise towards $0.60, a 20% gain from current levels. Growing infrastructure and easier fiat access could push Pi prices higher in the long run.
While the $10 target for Pi Network is not around the corner yet, the growing infrastructure and positive community sentiment are steps in the right direction.
