Is Pi Coin Completely Worthless After Dip Below $1?

The post Is Pi Coin Completely Worthless After Dip Below $1? appeared first on Coinpedia Fintech News

Pi Coin has experienced some volatility over the past week after dropping over 5%. Pi Coin surged to $0.62 before hitting a reverse and continuing the bearish trend.  However, a recent MACD crossover shows that things could soon change for Pi Network.

Pi Shows Recovery Signs

Pi network is showing signs of recovery, suggesting that the accumulation is slowly returning. The market cap crossing $4 billion suggests that investor interest is still strong.

However, token unlock pressure remains, with 8.9 million tokens set to be released today. Analyst Andrew Griffiths says that if Pi breaks above $0.75–$0.78, it could head toward $1. But if it falls below $0.55, it might drop further to around $0.288. The next few weeks will be crucial. 

Recently, Banxa received the KYB approval, a key milestone for Pi Network. This approval will now allow people in over 100 countries to buy Pi instantly with cash through Banxa, which improves the accessibility and boosts Pi Network adoption.

Pi Network Teams Up with BNP Paribas

Pi Network has partnered with major European bank BNP Paribas to bring faster, cheaper, and more secure payments using Open Banking and Instant SEPA transfers. It has also made it easier for users to activate their Mainnet wallets. With support from third-party KYC providers like Banxa, more people around the world can now join and use the Pi blockchain.

Analysts point out that PI is facing major challenges, including weak real-world utility and poor liquidity, which is making it harder to attract or retain users. However, Dr Altcoin believes that the Pi Network is not worthless and is misunderstood by many. He compares it to a buried treasure waiting to be discovered. He believes that Pi Coin is a part of the revolution and could reshape the future of digital currencies.