Pi Network Price Prediction Falls Amidst Regulatory Hurdles
The proposed Pi Coin ETF and regulatory hurdles pose significant challenges, while the tokenomics and community growth priorities offer a promising outlook, leaving investors to carefully consider their pi network price prediction and the project's potential for future growth.
Pi Network's coin, PI, has experienced a significant decline in value, dropping 80% from its February peak of $3 to currently trade at $0.63, prompting analysts to reassess their pi network price prediction.
The coin's technical indicators suggest a potential further decline to $0.40, unless a double-bottom rebound at $0.6040 is confirmed, which could potentially push the price up to $1. A proposed Pi Coin ETF has been met with regulatory hurdles, as the SEC's strict criteria for ETF approval have not been met by Pi Network, leaving experts cautious about the project's future.
Pi Network has released its tokenomics, outlining a total supply of 100 billion tokens, with a structure designed to prioritize community growth and ensure fairness in token distribution. The allocated tokens are divided among community mining rewards, the foundation, liquidity needs, and the Core Team, with the usable supply growing as Pioneers migrate to the Mainnet.
As the pi network price prediction continues to be affected by regulatory uncertainties and technical indicators, the community remains focused on the token's potential for growth, with the token model designed to promote a fast, fair, and community-first migration to the Mainnet.