Pi Network Breaks Records, But Experts Warn of Future Hurdles
With more than 12,000 apps developed on its recently released Pi App Studio platform in less than two weeks, the Pi Network has reached a noteworthy milestone. This accomplishment comes as the price of Pi Coin (PI) has increased by about 4.21% in the last day. An expert cautions that unless the team makes some significant adjustments, the PI may encounter difficulties in the future.
Dr. Altcoin: Pi Network Could Become the Biggest Crypto Project Ever
On Pi2Day, the Pi Core Team released the no-code app development tool. Regardless of technical proficiency, users can create decentralized applications (dApps) with Pi App Studio’s artificial intelligence (AI) by merely entering prompts. Due to its simplicity of use, it has gained popularity among users, as Dr. Altcoin, a well-known pioneer, recently noted.
The new Pi App submissions for the AI App Studio have surpassed 12,000!
Even if just half of the dApps that were submitted are completely functional and approved, Dr. Altcoin stated that Pi Network has the potential to grow into the biggest cryptocurrency project in history. He cited a number of causes for this possibility. These include the sizable number of KYC-verified users on Pi Network, its extensive global reach across more than 200 nations and regions, and its unique demand for KYB approval from centralized exchanges and Pi-using companies.
Can Pi Coin Recover? Expert Warns of Drop Below $0.40 Without Key Changes
PI has begun to show indications of improvement. The market-wide surge fueled by Bitcoin‘s recent record high, rather than Pi App Studio’s popularity, is what is behind the increase. Moreover, it appears that the modest advances are insufficient to lift PI out of its nearly two-month-long decline.
Historically, the price has not been able to get out of its downward trend in spite of multiple ecosystem developments. The basis for a bullish rally has been further undermined by growing exchange reserves, user dissatisfaction, and false claims. An expert said that Pi Coin’s price is destined to plummet below $0.40, and its price is only 16% above its lowest point ever. To save this sinking ship, however, the Pioneer listed a number of steps the team may take.
If PCT (Pi Core Team) implements just 2 of the following 11 actions, the community can regain confidence, and the price can steadily rise again,
Pi Barter Mall
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