The post Pi Network News: Struggling at $0.36, Can Pi Coin Prove Critics Wrong? appeared first on Coinpedia Fintech News
Pi Coin is now trading at $0.3615, close to its all-time low of $0.33. Many investors have sold during the drop, losing hope. Still, some Pi users remain confident and believe it will succeed in the future.
However, Dr Altcoin believes in a positive future for Pi. He says that Pi has built one of the strongest communities in crypto, with millions of people engaged across over 230 countries and regions. He indicates that, unlike many cryptos, Pi’s strong community can drive its adoption, liquidity, and utility.
The analyst defends his position on Pi by describing its Stanford roots, eco-friendliness, regulatory readiness, robust blockchain design, and innovation. He says that Pi is backed by the same investors as SpaceX, Uber, Airbnb, and Spotify, showing that institutional funds can also support liquidity.
Additionally, the expert says that Pi is built on Stellar Core, meaning it inherits fast transactions and global remittance-ready infrastructure. He explains that Pi reached a peak market capitalization of $15B, ranking 11th globally, and now, it maintains a strong position with around a $3B market cap.
Dr Altcoin wrote, “With 400,000+ nodes contributing over 1 million CPU cores, Pi Network operates one of the largest distributed computing systems in the world.”
“Pi Network has both the infrastructure and financial support to foster a thriving ecosystem,” he added.
What Are the Challenges for Pi?
- Unlike many other blockchains, Pi’s codebase is not fully open-sourced, which shows its lack of transparency. It has previously faced significant criticism, raising concerns about its trustworthiness and decentralization.
- It also lacks clarity in the regulatory framework, which led to its lack of listing on major exchanges like Coinbase and Binance.
- Despite its compliance with KYC/KYB, it is often urged to adapt global standards and align with international regulators like the SEC in the U.S., MiCA in the EU, and others.
Moreover, if the regulators consider Pi as a “security” or impose restrictions, it could block exchange listings and mainstream business adoption. If Pi succeeds in bridging the gap between real-world utility and safety compliance, it can thrive in the future.
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FAQs
Pi lacks transparency, full open-source code, and major exchange listings.
Regulatory uncertainty and security concerns hinder Pi’s major exchange listings.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
