Pi Coin Surpasses the $0.60 Threshold: Community Stays True to the $10 Target

Although Pi Coin, the native token of Pi Network, has caused concern among investors with its recent decline, the price has risen above the $0.60 level again with a brief recovery. After dropping to $0.54, the price reached $0.61 with a 6% increase. This fluctuation is attributed to delays in project developments and increasing geopolitical uncertainties in global markets.

Despite this, there is still a strong belief in the community that the $10 target will be reached in the long term. Especially the user base of Pi Network, which has surpassed 70 million, is seen as one of the key foundations of this target.

70 Million Users and Limited Supply: Strong Fundamentals for Price

Although Pi Coin is still trading below $1, analysts believe that the large user base gives serious potential to the project. It is thought that if even a small portion of these users starts actively using Pi Coin in applications within the ecosystem or in digital payments, a significant increase in demand could occur.

Crypto analyst Dr. Altcoin argues that for Pi Coin to be sustainable in real-world use, its price should be at least $10, while analyst Fururawa points out that user adoption surpassed a significant threshold in 2021 and that decentralized applications will further strengthen this trend.

The Scarcity of Circulating Supply Can Support the Price

Considering that a large portion of Pi tokens obtained through mining are still not transferable, the supply available for trading in the free market is quite limited. This situation may allow any potential increase in demand to reflect on the price more quickly. Analyst Woody Lightyear has stated that he expects a potential bull movement within June, maintaining his optimism in the short term.

Geopolitical Effects and General Market Outlook

The recent price movement of Pi Coin is not limited to internal dynamics. In particular, the rising tensions along the Iran-Israel line have caused general uncertainty in the crypto markets. Pi Coin, along with Bitcoin and major altcoins, has been affected by this negative trend.

However, there are some criticisms within the community. Some users argue that Pi Coin has experienced declines in line with the market; however, it has failed to show similar performance during periods of increase. Therefore, eyes are once again on the new roadmap and updates to be announced by the Pi Core Team.


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