The world of cryptocurrency never stays still for long and Pi Network is now proving that. PI Network recently became the conversation of the crypto space after he is mentioned on Mexc, one of the popular crypto fairs. But although the offer was big news, the price of the coin was for a wild roller coaster, so investors are not sure about what is coming.
At the moment the price of Pi Network is around $ 0.64. Even with all the recent excitement, it was not possible to break beyond the strong resistance level at $ 1. Many experts believe that until it crosses this barrier, it will be difficult for the coin to attract the confidence of new investors. But if it manages to stay above that brand and to climb past $ 0.85, there is a chance that it could gather to $ 1 or even $ 1.15.
Does Pi Network Price want $ 0.40?
According to analyst Dr. Altcoin will probably continue to fall the price of PI until the end of August. The analyst believes that unless the PI -Kerne team changes its approach and becomes more transparent, things can get worse before they get better.
Dr. Altcoin has been warning for the price situation of Pi Network for a while. In his last comment, he said that token could possibly fall to $ 0.40 in the coming weeks. He said that one of the biggest problems with Pi Network against the lack of openness of the team behind the project is. “No investor wants to put their money in something where the founders refuse to be transparent,” said Dr. Altcoin.
Despite these short struggles, the PI network is aimed at building up for the future. The project recently launched a PI Network Ventures Fund of $ 100 million, aimed at supporting startups in AI, Gaming, Fintech and E-commerce. The aim is to create Real-World applications that use Pi-Cryptocurrency, which could ultimately increase the value of the coin if it gets traction.