Pi Network Upgrades Fail to Boost Coin Price

Pi Network Reveals Desktop Update and Domain App

Pi Network’s Core Team rolled out a host of new enhancements, including a Pi Desktop update and a .pi Domains app launch. These are designed to improve user experience and developer utility.

Though Pi Coin’s market presence shows promise, it suffers from low liquidity caused by its exclusion from major exchanges such as Binance. Instead, it remains traded on smaller platforms like OKX and Gate.io.

16% PI Coin Drop Amidst Market Reaction

The upgrades, despite their potential for developer engagement, haven’t reversed the negative market reaction. Pi Coin’s value dropped due to P2P miner selling, with no new institutional interest evident.

Investor trust has waned, as demonstrated by the reduced traded volumes on available exchanges. This results from both insufficient liquidity and the nonparticipation of significant capital markets.

Past Pi Network Upgrades Show Volatility

Historically, Pi Network upgrades, such as its Testnet launches, have not sustained long-term price increases. Similar situations have led to continued volatility and price reductions in prior instances.

Experts suggest that significant capital inflow is necessary to stabilize prices. The coin’s dependency on small-scale miner trades and speculation is a recurring challenge for consistent market growth.

“Trading in Pi is disappointing as pioneers keep selling and buy orders are small (highest 1K Pi, on average a few hundred Pi). No big capital is in sight. However, this can also be looked at as positive, as sellers exhaust, and buyers jump in, price should go back up again.” — Kim H Wong, Digital Currency Analyst