The event at Consensus 2025 for Pi Network didn’t turn out as planned. Despite the Founder and Chief Technology Officer of Pi Network, pointing out that AI and blockchain together could help Pi Coin be widely used, the coin dropped by 21% within hours.
At the moment, the price is $0.68 which is more than 62% lower than its May high of $1.50. Market experts believe the price could fall as low as the $0.40 level seen in April.
Dr. Kokkalis revealed that the network is now completely decentralized and also shared plans to use blockchain for DeFi and digital identity. He also mentioned that Pi could be used in the future for healthcare, education and e-commerce.
The lack of specific timeframes caused frustration among the community, mainly because the mainnet was not launched as expected. This week, the Pi Core team also revealed they are launching a $100 million VC fund, called Pi Network Ventures, to encourage more DApp developers to join.
However, some people point out that the platform is not mature enough and isn’t widely used yet. Dr. Altcoin, a well-known voice in the community, outlined a plan for recovery. forming a workable VC team in 6-12 months, supporting developers in 3-6 months and releasing top DApps in 1-2 years.
He pointed out that a major exchange listing such as Binance, might boost the price of Pi Coin. At the same time, the trading volume has increased by 40% to $561 million, suggesting that people are selling more.
As long as Pi’s results are not seen, investor confidence will remain low and the trend may keep going down.
Also Read: Fact Check: Is Binance Hinting at Pi Network Crypto Listing?
