Pi Network’s $10 Vision Dims as Remittix Emerges as Analyst Favorite

Pi Network's ambitious $10 valuation target for its Pi Coin is facing growing skepticism as the project marks its sixth year without a full public launch. Grey-market prices have declined to $0.45 from previous highs of $3, with users experiencing prolonged KYC verification delays and stalled wallet migrations.

Financial analysts are increasingly favoring Remittix as a functional alternative, highlighting its practical utility and established crypto-fiat bridges. 'Successful projects require operational products, not just theoretical whitepapers,' commented one market participant, contrasting Remittix's adoption trajectory with Pi's ongoing 'enclosed mainnet' phase.

Industry experts speculate that Pi's Core Team may be manipulating supply dynamics to create artificial scarcity. 'They're constructing precarious tokenomics,' observed Dr. Altcoin, referencing potential staking protocols and token burns designed to support the $10 price target. Notably, major exchanges continue to avoid listing PI trading pairs.