Can Pi Network Price Hit $10?
The Pi Network community is facing difficult times as the price of its native token recently dropped below $0.50, even touching $0.40. This sudden fall created panic among holders, with many unsure whether to sell or wait for a possible recovery. However, the price has now bounced back, gaining 6% in the last 24 hours. Pi Coin is now trading at $0.61. The price dip follows weeks of little progress from the Pi Core Team. Despite earlier promises of significant upgrades and ecosystem development, no substantial updates have been provided. This has frustrated investors and caused the token’s price to stagnate.
Can Pi Price Hit $10? Even though Pi Network’s price recently fell below $1, many in the community still believe it might reach $10 one day. Pi Network currently has more than 70 million registered users (called Leaders). This is a significant number for any cryptocurrency. If even a small part of this community starts using Pi for daily payments, online shopping, or services within the Pi ecosystem, demand for the token could increase– and when demand rises, prices often follow. Now, most of the mined Pi tokens are still locked or waiting for migration. This means there aren’t many tokens freely available for trading. If the supply remains limited while demand increases through new apps or business partnerships, the price could naturally climb higher over time.
Expert Dr Altcoin stated, ‘For Pi to be functional within the Pi Ecosystem, its price would need to reach at least $10.’
Geopolitical Factors Add Pressure: Part of the recent crypto market decline can also be attributed to growing geopolitical tensions, notably the conflict between Israel and Iran. The escalating situation, which has included military strikes and leadership losses, has injected uncertainty across global markets, including crypto. Like other altcoins, Pi followed the broader market trend– but some community members have criticized the token for mirroring negative movements without benefiting from bullish ones.
