Pi Network’s coin clawed back to about $0.61 after a flash crash took it below $0.50 and even briefly to $0.40, unsettling holders already frustrated by months of silence from the core team.
Promised ecosystem upgrades remain stuck in neutral, leaving price action to drift until the sharp drop jolted the community.
Supporters still float a $10 long-term target, pointing to Pi’s 70 million-plus user base and the fact that most mined coins remain locked.
Limited circulating supply, they argue, could magnify any future demand once apps or merchant ties finally materialize. Analyst “Dr Altcoin” recently claimed Pi would need double-digit pricing to function smoothly inside its own economy.
External headwinds complicate the outlook. Rising tensions between Israel and Iran have shaken global risk markets, and Pi has followed broader crypto weakness without sharing much in the upside.
Unless the project delivers tangible progress—and the geopolitical backdrop calms—talk of a rapid march toward $10 looks premature.
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