Pi Coin is under growing pressure as both its price and community sentiment take a major hit. Currently trading at $0.8494, Pi has fallen by 29.10% in the past 24 hours and 3.53% in the last hour. This sharp decline follows the recent unlock of 5.2 million tokens, increasing short-term supply and sparking a 35% surge in trading volume, now at $906 million. As volatility increases, many investors are re-evaluating their Pi Coin price prediction, with uncertainty looming over its short-term recovery.
With a circulating supply of 7.1 billion Pi and a maximum supply of 100 billion, Pi Coin's volatility is becoming a key concern. The 50-day Simple Moving Average (SMA) sits at $0.6905, showing near-term support, while the 200-day SMA at $1.02 suggests a longer-term bearish trend. The coin’s market cap recently peaked above $11 billion, briefly surpassing Litecoin and Bitcoin Cash, but has since dropped by 45%.
Community frustration intensified after the Pi Core Team announced Pi Network Ventures, a $100 million fund to support DApp development. Instead of sparking excitement, the news triggered anger among users who feel neglected after six years of waiting for usable applications.
Many users, known as Pioneers, expressed disappointment:
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No live DApps have been launched
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The ecosystem is still underdeveloped despite massive user growth
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Critics argue that the team is prioritizing external investments over delivering on early promises. A well-known community voice, Dr Altcoin, pointed out that 94% of users hold fewer than 1,000 Pi, blaming weak incentives and limited referral rewards.
Though the Pi Network boasts over 70 million users across 200 countries, trust is fading. Many feel their efforts have not been rewarded, and communication from the team has been minimal.
The path forward depends on real product launches. Without working DApps, price recovery and user confidence may remain out of reach.
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