What Does Pi Coin Need to Recover After the Retreat and Slow Growth?

The Pi Network continues to face difficulties as many predict that this chaotic scenario will persist. Notably, many have expressed disappointment over the lack of transparency from the Pi Core Team. Additionally, concerns about the centralization of Pi Coin further affect the mindset of investors. In this context, a market expert and leading trader has revealed that cryptocurrency may experience growth in the near future. At the same time, the expert also disclosed the relationship between Pi Network and Pi Coin. Simply put, the expert emphasized how this coin is used within the network. Additionally, he remains optimistic about the future trajectory of this asset. Analysts Emphasize the Catalyst for the Development of the Pi Network In a recent post on X, cryptocurrency analyst Kim H Wong highlighted the key challenges and upcoming opportunities for Pi Network. Wong noted that Pi Coin has a solid infrastructure and a huge user base. However, he stated that its recovery depends on two factors: widespread adoption and DApp development. He emphasized that Pi Network is ahead in vision and scope of operation. This platform provides a peer-to-peer ecosystem where users can trade goods and services using Pi Coin via mobile phones. Moreover, it proudly has over 65 million users in more than 200 countries, making it one of the largest cryptocurrency communities worldwide. Meanwhile, Wong added that the unique ecosystem of Pi supports decentralized applications (DApp) and operates with the .pi domain environment. He cited these as something that no other cryptocurrency project is currently doing. In other words, he believes this puts Pi in a leading position to drive Web3 adoption. However, he warned that this ecosystem still lacks practical DApps that people can use on a daily basis. To bridge this gap, Wong mentioned the $100 million Pi venture capital fund and the Pi App Studio, both aimed at accelerating the development of DApps using AI tools. KYC and the Movement of Electronic Money Must Be Accelerated Despite having millions of users, Pi Network is still facing a significant obstacle. To clarify, Wong emphasized that only about 14 million users have completed KYC. Even fewer, around 12 million people, have successfully converted their money to the mainnet. Wong explained that without proper KYC processes and currency conversion, most users cannot actively participate in the ecosystem. Migrants often have only 10% of their funds unlocked, with the remaining amount locked for up to three years. The limitation on access to this currency is affecting trading activities and negatively impacting overall adoption. Wong warns that if this issue is not addressed promptly, the ecosystem risks stagnation, no matter how advanced the technology may be. Pi Coin Decrease, Can It Recover? The price of Pi Network has decreased by more than 1.5% and is trading at $0.4412, while the trading volume has dropped by 52% to $52 million. Notably, this cryptocurrency has fluctuated between $0.4548 and $0.4408 in the past 24 hours. This disappointing downward trend is further highlighted by a decline of over 5% in the weekly price of Pi Coin. At the same time, this currency has lost more than 16% in the past 30 days, indicating that traders' appetite for risk is gradually decreasing. However, despite the decline, experts remain optimistic about the long-term trajectory of this currency. In context, Wong remains optimistic, urging traders to be patient and focus on long-term profits. Citing historical data, Wong compared Bitcoin, Ethereum, BNB, and Solana. All of these coins started modestly, trading at prices of less than one dollar, and have since witnessed remarkable growth. For example, the price of Bitcoin has skyrocketed from $0.05 to over $118,000 in 15 years. In other words, this expert believes that Pi Network could see a strong recovery in the future.