While talking on the Consensus 2025 occasion on Friday, founder and CTO of Pi Network Dr. Nicholas Kokkalis, delivered a keynote deal with talking about tips on how to leverage AI and blockchain infrastructure collectively to drive mainstream adoption. However, the Pi Coin value crashed one other 16% in a couple of hours, exhibiting sturdy disappointment throughout the Pi group. Market analysts consider that the altcoin can drop all the best way to the April lows of $0.4.
Pi Network Plans Face Criticism
Earlier this week, Pi Core crew introduced Pi Network Ventures, a $100 million VC fund initiative to construct Dapps on the platform. However, the Pi group showered main criticism on realizing that the adoption of the platform is nowhere near what was hyped by the Pi Core crew. This implies that the community would simply begin from scratch and would don’t have anything a lot to draw DApp builders to the platform.
At the Consensus 2025, Dr. Nicholas Kokkalis spoke of additional plans for a worldwide adoption of the community in addition to the native Pi Coin. He spoke on three completely different verticals:
- AI and Blockchain Synergy: Dr. Kokkalis confused the mixed energy of AI and blockchain in enabling sensible, real-world functions, providing options that bridge technical improvements with on a regular basis use.
- Global Solutions in DeFi and Digital ID: Pi Network is making ready decentralized finance (DeFi) and digital identification programs for worldwide adoption, aiming to create accessible instruments that meet world wants.
- Decentralization Milestone: The transition to a totally decentralized ecosystem has been achieved, with Pi platform disabling its central node to make sure larger community autonomy.
Dr. Kokkalis additionally highlighted upcoming use instances for Pi cryptocurrency in key industries, together with e-commerce, schooling, and healthcare.
However, the group feels that these are Dr. Kokkalis failed to present a timeline for the above roadmap. Furthermore, with a steady delay within the Open mainnet launch, the group is losing trust in the Pi Core team.
Dr. Atlcoin Talks About the Future of Pi
Dr. Altcoin, a well-liked voice throughout the Pi group, has shared his expectations about the way forward for Pi. Below is what he expects to revive the undertaking:
- Pi Network Ventures ought to set up inside 6-12 months with a totally purposeful crew.
- Selection and vetting of high quality initiatives and DApp builders within the subsequent 6-12 months.
- Disbursing funds to builders and startups in 3-6 months.
- Building high-quality, standard-compliant DApps inside subsequent 1-2 years.
- A serious change itemizing can be a bonus, serving to Pi Coin value surge forward.
Pi Coin Price Crash to $0.4 Coming Soon
Pi Coin price has come crashing down one other 16% to $0.71, now dropping greater than 50% from the May peak of $1.5. Additionally, the each day buying and selling quantity has surged 30% to $552 million, exhibiting a powerful promoting strain. Dr. Altcoin noted that within the absence of any main announcement like a Binance itemizing, the altcoin can as soon as once more go to its April lows of $0.4.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of monetary markets. His curiosity in economics and finance has led him to give attention to rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the information he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and sometimes explores his culinary abilities.
Disclaimer: The offered content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
