Pi Network Faces Declining Investor Interest and Transparency Concerns
- Pi Network’s price rebounded to $0.60 from a low of $0.40, with a market cap exceeding $4.1 billion.
- Daily trading volumes for Pi Coin fell by 44% to $158 million, indicating waning investor interest.
- The Pi blockchain processes less than one transaction per second, contrary to earlier claims of higher capacity.
- Dr Altcoin highlights transparency issues with co-founders as a deterrent for major investors and exchanges.
- An influx of 134 million Pi tokens is expected monthly, potentially affecting the token’s market dynamics.
The Pi Network has seen its price recover slightly but continues to face challenges like declining trading volumes and concerns over transparency from its leadership team.
Source (2.6)https://coingape.com/why-pi-network-price-should-hit-10-or-its-over-for-pi-coin/?rand=24432
