70% Monthly Drop in Pi Network (PI) Value: Could This Be Its Saving Grace?

The Pi Network's native token, PI, recently experienced a significant drop in value, falling below $0.70 for the first time since February. This drop represents an 11% daily decrease and a massive 70% crash in the past month.

Some of the project's community members have criticized the team for their handling of issues following the launch of Open Network. Suggestions for recovery include hiring more personnel, decentralizing the native token, and allowing developers more freedom to build on the network.

Additional support from major cryptocurrency exchanges could also bolster PI's valuation. Despite the current downturn, there is potential for a resurgence if PI's price drops to around $0.60, which one analyst has indicated could trigger a massive upswing.