Crucial Reminder for Pi Network Pioneers: Get the Details
The Pi Network team has issued an important update for its users amidst varying market expectations.
The team behind the controversial project Pi Network has issued a key reminder to all users, known as Pioneers.
Since the start of the year, PI has seen a slight increase in price, but opinions on its future vary; some analysts expect a significant rally while others express skepticism.
Providing Clarity
Pi Network is a widely discussed topic in the cryptocurrency realm, often leading to a rise in unofficial social media accounts that may spread misleading information or scams.
Earlier today, the Pi Network team clarified that the only official social media account is the one named Pi Network (PiCoreTeam), which has 4.2 million followers, surpassing that of well-known altcoins like Ripple and Ethereum. Users seeking guidance or having questions are encouraged to consult the official Pi Safety Center that features various communication channels.
The community’s response to the reminder has been mixed; while some praised the clarification, others suggested that the team focus on larger issues to rebuild trust with investors.
PI Price Outlook
The native token of Pi Network is experiencing a resurgence alongside the overall crypto market, albeit with a less significant uptrend compared to leading digital assets. Its value has risen by 3.2% over the past week, currently trading at approximately $0.21 according to CoinGecko.
User Aman indicated that PI is “consolidating tight” beneath key resistance levels, hinting that it might be ready for new highs if it surpasses $0.215. Another user speculated that a potential PI listing on Binance could significantly boost the asset.
“If PI gets listed on Binance, can it escape sell pressure? There’s only one answer: Not just escape – it comes back to life and enters an N-x breakout.”
In contrast, critics have voiced strong objections; one user, Honey, described the Pi Network as “a straight-up scam” with the following account:
“I joined Pi Network 5 years ago, completed KYC, and to this day, there’s no migration, no clear deadline, nothing. They keep changing narratives and lying nonstop. Since the mainnet launch, the token has lost 88% of its value, wiping out billions in market capitalization and somehow no one is talking about it.”
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