The cryptocurrency market has had difficulties in recent times and Pi Network is no exception. The Pi Coin price recently dropped by $ 0.50, even testing $ 0.47 before making a slight recovery. At the time of writing the editorial staff, Pi tries to maintain more than $ 0.50, which has become a significant level of support.
But it’s not just a PI in the face of difficult times. The main cryptocurrencies like Bitcoin and Ethereum have also taken a hit as tensions between the United States and Iran have increased. Bitcoin even fell below $ 100,000 for the first time in months.
The founder intervenes to calm supporters
While the PI price continued to drop, the founder of the PI network, Dr. Nicolas Kokkalis went to social networks to contact worried investors, called pioneers. He assured them that this is a temporary market phase, not a permanent accident.
However, not everyone was convinced. A frustrated user commented: “Are you a crook or fraud?” Does Pi fall every day? Support Pi and lift it. “
To this, Dr. Kokkalis replied: “Do you know the crypto?” Why are the other cryptos falling? ”
But the user was not satisfied and said: “Since I bought Pi, he fell. I saw 3 UPS and 5 Downs. I no longer trust PI. I will reduce my losses and I will not invest in companies like yours.”
Is Pi below $ 0.40?
Currently, Pi Coin is under pressure. Experts say that it will take a positive change of market to exceed $ 0.60. Crypto analyst, Dr. Altcoin predicted that PI was now firmly in the range of $ 0.40 and could stay there until the end of August. He also said that the next PI Day 2 event will probably not push the higher price.
