Pi Network's growth is fueled by optimism in the overall cryptocurrency market following the US Federal Reserve's decision to keep interest rates unchanged.
PiCoreTeam said that the Pi Network project will have an important announcement on May 14 (Photo: PiCoreTeam).
In addition, in a recent post on social network X, the PiCoreTeam team said that they will announce the Pi ecosystem on May 14. This is also considered positive information to help attract users, thereby boosting the price of Pi Network.
BeInCrypto assessed that the Pi Network project is gradually losing interest from investors. Market indifference has caused the Pi Network project to gradually lose its appeal and lack growth momentum over the past few months .
Despite a significant increase from its low of $0.45 in early April, Pi Network's current price is still five times lower than the $3 peak the cryptocurrency reached on February 27.
According to experts, there are many reasons why the price of Pi Network has almost not recovered in recent months. One of the main factors comes from the intrinsic value of Pi.
Pi is considered to have no specific applications and no infrastructure. The Pi Network team only advertises Pi as a means of payment. This makes the project not create much value and only operate like a series of meme coins (joke cryptocurrencies) on the market.
Authorities recommend that people should be cautious and carefully research information before investing in Pi coins (Photo: The Anh).
Previously, Hanoi City Police issued a warning to people about investing in Pi Network cryptocurrency. Authorities said that according to Vietnamese law, virtual currencies in general and Pi coins in particular are not considered assets.
Therefore, incidents, problems, and disputes related to Pi coin transactions are very risky and difficult to be protected and handled by law. At the same time, according to the State Bank's regulations, virtual currency is not a means of payment.
Therefore, any individual or organization that uses virtual currency in general and Pi coin in particular for payment activities will be punished or may be prosecuted.
According to Hanoi City Police, Pi has no practical application. Its current value is self-determined and many people are confused about the true value of this virtual currency.
Source: https://dantri.com.vn/cong-nghe/gia-pi-network-bat-ngo-dung-cot-20250508222845557.htm
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