*Pi Network Future*

Pi Network's native cryptocurrency, Pi Coin, has experienced a significant decline recently, dropping over 20% today and falling below the $1.00 mark. This downturn extends its weekly losses to more than 43%, causing it to slip from the 11th spot to outside the top 20 cryptocurrencies by market capitalization.

Several factors have contributed to this decline:

Delayed Exchange Listings: The anticipated listing of Pi Coin on major exchanges like Binance has faced delays, dampening investor sentiment.

Unclear Mainnet Launch Roadmap: The Pi Network has not provided a clear timeline for its mainnet launch, leading to uncertainty among investors.

Recent Token Unlocks: A significant number of Pi Coins have been unlocked recently, increasing the circulating supply and exerting downward pressure on the price.

Currently, Pi Coin is trading around $1.16, just below a critical resistance level at $1.20. If it fails to maintain its current position, the price could decline further to around $1.05–$1.02.

Despite these challenges, some analysts remain optimistic about Pi Coin's long-term potential, citing its growing adoption and recent developments within the Pi Network ecosystem.