The Pi project was moved into main net recently but this is not a new project in the market and this has been in a distance since last 5 + years. Generally project don't last that long but this one has done really well in terms of its presence in the market and its only to more time to be on the main net because that launch happen in the first quarter of 2025.
Token price was critic good in the beginning and people who had a good balance for also benefited because of the good prices available in the market. Now that open price is low as compared to what we have seen in the market just after the launch and of course the dump has also happened but still it was maintaining its price significantly. There was higher chances for the dumbbeak a lot of people did the mining for the coin without any cost and they were holding bigger backs so it is obvious that those people will be trying first to book the profit.
Now if we look at the chart which I have shared ball will figure out that something is not right on this project because in last 7 days you can see the continuous drop on its value that shows some concerning point and ask the question what is going on this project. To tell you that truth I don't know the reason behind and why this kind of fall is happening on its price in the market when we look at this 7 hours price window.
Now I still believe that if community stay with the project then they are chances that it will revive and value for this coin can also be above 1 dollar which is the expectation also. I have been one of the uses for the project but my tokens are locked so I cannot do anything and I also did not get the opportunity to book any profit but that's okay since I know that if project is stage in the market then at least I'll be getting some reward but no matter what since I don't know how much the value will be when my talking will be unlock but at the same time I also home it is stays above $1 and there should be some good use case for the coin in the ecosystem as well.
Wish you only need some use case for the coin in the market that can increase the demand for the token and if that happens then the price of this token velocity increase and appreciate or the period of time which is also the expectation.
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Upvoted! Thank you for supporting witness @jswit.
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It is a great post of What's going on with Pi network.
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Hopefully $PI will increasing soon.....
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For me personally, I still believe that the price of pi will still fall. Well there is actually nothing that is impossible
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Thanks for the update on the Pi network.
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