🔥 #Pi# 🔥 Why did it fall, and where is the future?

🔥The price of Pi coin has been continuously falling recently, and there has been much discussion about it. The primary reason for this is the imbalance of supply and demand in the market, with a large number of early holders selling off for profits, while new entrants are few and far between, leading to supply far exceeding demand. The project team had invested so much in the early stages, but there are short-term cashing out behaviors. Additionally, technical shortcomings have held it back, with poor mainnet performance and slow transaction processing, making it difficult to meet user needs, which has triggered a crisis of trust. At the same time, stricter regulations and unclear policies have left investors worried and their confidence shaken.
🔥In the face of the fall of Pi coin, the project team has been taking continuous actions, actively optimizing the node program, and also launching social network applications in an attempt to improve the ecosystem. However, these efforts seem to have not met expectations, and the price remains sluggish.
🔥The future of Pi coin is full of uncertainty. If the project team accelerates technological innovation, expands application scenarios, and seeks regulatory recognition, it may regain vitality. However, in terms of the current situation, it has already fallen below one unit, showing a clear downward trend on the daily chart, and there is no structure or pattern indicating a stop in the decline. Panic selling has formed, and I expect it to drop to around 0.6 to 0.7 soon, so I advise my brothers not to rush to bottom-fish; it is not the bottom yet. Where will it bottom out? We will inform everyone to act once it stops falling. For now, it is advisable to be cautious and observe, and those with short positions can continue to hold.
The above is purely personal opinion, for your reference. I wish everyone a smooth investment and lots of profits!
Where do you think the token will fall to? Is there still a future?