Convert 5 PI to USDT today

Pi Network is trading at 0.70 USD, just above its all-time low (ATL) of 0.62 USD, following a 12.8% decline in 24 hours. If the bearish trend continues, it may drop to 0.50 USD, threatening a new ATL.

Telegram’s new crypto wallet integration with Pi Network allows access to a potential user base of over 1 billion. However, the network struggles with decreasing demand and a lack of listings on major exchanges, impacting its market credibility.

Despite the integration, Pi Network’s future success depends on transforming Telegram’s vast user base into active investors. Market conditions and dwindling interest remain significant challenges for sustaining its growth.

SuperNodes in the Pi Network are fully managed by the Pi Core Team, which has led to a lack of transparency in their selection process. Community members express frustration over not receiving rewards while running nodes, questioning the fairness of the SuperNode access.

Investment professionals criticize the centralization of Pi Network, labeling it a scam due to technical flaws. SuperNodes are vital for transaction validation, yet their centralized management contradicts the project’s promise of decentralization.

PI trading volume is $61.37m. Market capitalization reaches $6.57b.