Pi Network: A Huge Project... Was It Worth the Wait?
First: Fundamental analysis
Pi Network is not just a digital currency, but an integrated socio-technical project that aims to:
• Provide easy mining via mobile phones
• Building a truly decentralized economy based on community interaction and participation.
• Launching an integrated ecosystem that enables the purchase of products and services using Pi in stores and applications
Project strengths:
• More than 27,000 active merchants and 28,000 test stores in more than 160 countries
• Founders with a strong academic background from Stanford University
• Adopting an innovative KYC verification mechanism that balances privacy and credibility
• A clear vision for building an inclusive economy that enables individuals to participate, produce and earn.
⸻
Second: Technical analysis
• Current price: about $0.81
• Market value: $5.55 billion
• Circulating supply: 6.76 billion PI
• Previous high price: $2.98
• Decrease over 30 days: -48.9%
• World ranking: #24
Artistic direction:
• The chart shows a clear downward trend for weeks.
• The price is close to the support level at $0.62-$0.81
• Moving averages indicate continued selling pressure.
• If this support does not hold, we may see further declines.
⸻
Conclusion:
Pi Network has a strong project in terms of concept, execution, and community support, but the price is still under strong corrective pressure.
It is important not to rush into buying now unless you see clear technical signals of a trend reversal or strong support formation.
The currency is worth watching, but investment decisions should be based on technical analysis and waiting for a real breakout.
⸻
Do you think Pi will lead the mass adoption revolution of cryptocurrencies?
Share your opinion in the comments.
