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Analysts warn that the price of Pi Coin may fall to $0.16
Recently, the PI token of Pi Network – one of the most anticipated cryptocurrencies – has gradually faded into obscurity in the retail investor community. Although there was initially a strong wave of hype about the potential of Pi Network, the bearish performance of this coin has caused many investors to be skeptical. The clearest evidence is the continuous fall of Pi Coin
However, although the value of this currency has somewhat stagnated, the Pi Network community continues to research and assess the potential for development within its ecosystem. In addition, the speculation surrounding whether Pi Coin can recover and return to its peak in the near future still has no clear answer
In the current context, some market experts have also commented on the changes in Pi Coin. One of them predicts that the value of Pi Coin could fall further, down to 1.6 dollars, based on technical trends. However, there is also the view that if buying power increases and the market turns positive, Pi Coin could witness significant price increases in the near future