The post Why Pi Coin Could Be in Trouble appeared on BitcoinEthereumNews.com.

Pi Network (Pi) members argue that the introduction of PiFest on the Open Network has negatively affected trading activities.  Investors who acquired the asset from exchanges accuse the Pi Network team of failing to support the price.  Pi Network (Pi) continues to struggle amidst the fading euphoria and broad market liquidation. According to our market data, the asset has declined by 4.5% in the last 24 hours and 17% in the last seven days to trade at $0.68. Meanwhile, our recent analysis suggests that a potential Binance listing could force a rebound. Prior to its recent decline, the Pi Core Team had announced that its PiFest on the Open Network had recorded an impressive participation of 125,000 registered sellers. According to the team, the active sellers were more than 58,000 while 1.8 million Pioneers utilized the Map of Pi. Unfortunately, the Pi community has strongly criticized the PiFest, claiming its introduction has significantly reduced trading activities. According to a user identified as Dr. Altcoin, the co-founders seem to be unaware of the grievances of the community members. Since the PiFest started, Pi trading activity in the Eco-system has been at its lowest. The only trade was selling Pi for Cash…seem out of touch with the realities of the everyday Pi Community. The Pi’s communication approach has also been criticized by a user identified as DAO World. According to him, the usual monthly updates have been too predictable since the enclosed mainnet period. The Pi Core Team’s communication style has not changed at all from the enclosed mainnet period to now. We only hear the same predictable updates once a month. It’s difficult to maintain a large community with this approach. We need a new communication method, a new community leader who understands cryptocurrency well, and we want to hear transparent…

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Filed under: News - @ April 2, 2025 9:20 pm