BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Pi Network Aims for Comeback Following $13 Billion Market Cap Crash
Pi Network Aims for Comeback Following $13 Billion Market Cap Crash
21
1
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Coin’s value plummeted to $0.8115 this week, reflecting a 70% drop from its all-time high. The project’s market cap shrank from $19 billion to $6.31 billion in just three months, driven by underwhelming ecosystem progress.
Investors expressed skepticism toward PI Ventures’ $100 million startup fund initiative, seeing it as a diversion from Core blockchain priorities. The fund focuses on fintech, AI, and e-commerce—sectors perceived as straying from Pi Network’s crypto-centric mission.
Decentralization emerges as the critical recovery strategy. Shifting from semi-centralized operations to a fully distributed network could rebuild trust. The market now watches for concrete developments in this pivotal transition.
By:
Previous
Fed Grapples with Economic Crosscurrents as Cryptocurrency Outlook Gains Attention
Next
Berachain Aims to Decouple from Crypto Volatility Through Web2 Integration
