Key Points
- •The PI Network price decreases due to low demand and poor on-chain activity.
- •Trading volume was approximately $35.19 million in the past 24 hours.
- •The market cap is around $1.95 billion, near historical lows.
The Pi Network's cryptocurrency, PI, experienced a significant price drop today, trading around $0.237 amid weak market demand and minimal on-chain activity.
Investor sentiment remains negative, affecting market recovery, as hopes hinge on future protocol upgrades to boost adoption.
PI Network (PI) price has decreased, with poor market demand and minimal on-chain activity cited as primary causes. The cryptocurrency trades at approximately $0.237, nearing historical lows, with investors showing persistent negative sentiment. Expert discussions emphasize protocol upgrades for potential recovery.
Founders Dr. Nicolas Kokkalis and Chengdiao Fan lead the PI project. Dr. Pi, a community member, noted on social media that demand and usage are extremely down. “Demand is extremely down, and the on-chain usage of Pi is poor.” No recent official statements have been issued on market or development updates.
Low demand and on-chain usage are affecting PI Network's performance in the cryptocurrency market. Trading volumes and liquidity remain weak, with the market cap maintaining low levels. Community frustration grows over stalled development and centralized control narratives.
Potential shifts in market or investor sentiment hinge on upcoming platform improvements. Financial impacts include a significant drawdown from previous peak values. Future upgrades are anticipated as possible catalysts for renewed interest, yet uncertainty continues.
Investors and community members express caution amid ongoing downturns. The PI Network's recovery depends largely on tangible advances in the protocol and clearer roadmap highlights from its leadership. Transparent communication will play a critical role in shaping market expectations.
Previous trends highlight the network's 90% decline from historic highs, pointing to protocol upgrades—like Protocol 23—as potential game changers. Analyst opinions suggest renewed developer activity may stimulate growth if sustained and effectively implemented.