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The significant event of Pi Network, Pi2Day, ended on June 28. Although the core team introduced some innovations, it seems that Pi Network is still far from achieving its true Decentralization goal by 2025. As we enter the second half of the year, the price movement of Pi coin has become the focus of investors' attention.
From the market reaction, the prospects for Pi coin are not optimistic. Its price continues to show a slow downward trend, constantly hitting new lows. According to the current price movement, it may need to drop to around 0.45 dollars to find support. More worrisome is that the upcoming Pi coin unlocking wave at the beginning of July may exacerbate selling pressure, further impacting the price.
In the face of this situation, the development strategy of the Pi Network is worth reflecting on. Relying solely on the efforts of grassroots communities to build the ecosystem seems to be progressing too slowly. To promote the sustained increase in the price movement of Pi coin, the core team may need to accelerate the pace of establishing strategic partnerships with large enterprises. Currently, even when positive news emerges, its impact is often difficult to sustain, usually dissipating within 24 hours.
The future development path of Pi Network is still full of challenges. How to accelerate the construction of the ecosystem and value creation while maintaining the principle of Decentralization will be a question that the core team needs to seriously consider and solve. At the same time, investors also need to remain rational and closely follow the substantive progress of the project, rather than just the short-term price movement.
Once it starts rising, the ain't no falling back