The world of cryptocurrency never stays quiet for long, and Pi Network is proving that right now. Recently, Pi Network has become the talk of the crypto space after getting listed on MEXC, one of the popular crypto exchanges. But while the listing was big news, the coin’s price has been on a wild roller coaster, leaving investors unsure about what comes next.
Right now, Pi Network’s price is stuck around $0.64. Even with all the recent excitement, it hasn’t managed to break past the strong resistance level at $1. Many experts believe that until it crosses this barrier, it’ll be tough for the coin to attract fresh investor confidence. But if it manages to stay above that mark and climb past $0.85, there’s a chance it could rally toward $1 or even $1.15.
Wil Pi Network Price Hit $0.40?
According to analyst Dr Altcoin, the price of Pi is likely to keep dropping until the end of August. The analyst believes that unless the Pi Core Team changes its approach and becomes more transparent, things may get worse before they get better.
Dr Altcoin has been warning about Pi Network’s price situation for a while. In his latest comment, he mentioned that the token could possibly fall as low as $0.40 in the coming weeks. He said that one of the biggest problems holding Pi Network back is the lack of openness from the team behind the project. “No investor wants to put their money into something where the founders refuse to be transparent,” said Dr Altcoin.
Despite these short-term struggles, Pi Network seems focused on building for the future. The project recently launched a $100 million Pi Network Ventures Fund aimed at supporting startups in AI, gaming, fintech, and e-commerce. The goal is to create real-world applications that use Pi cryptocurrency, which could eventually increase the coin’s value if it gains traction.
