Expert Says ‘Sleeping Giant’ Fails to Wake As Stalled Protocol 23 Raises Doubts
Pi Network Price Analysis: Can Pi Coin Hit $10 in the Next Two Months?
As the broader crypto market experiences a positive trend, Pi Network is currently facing downward pressure. Pi coin is trading at around $0.2297, down by more than 2% in the last 24 hours. The token failed to maintain its position above the crucial $0.25 resistance level, which also coincides with the 0.618 Fibonacci level.
The market cap of Pi has dropped to $1.91 billion, and trading volume has seen a decline of more than 16%.
Experts Criticize Pi Network’s Slow Progress
Crypto commentator Dr. Altcoin recently expressed his concerns about Pi Network’s sluggish development pace. He referred to Pi Network as a “Sleeping Giant” due to the slow progress from the core team. Dr. Altcoin highlighted that Protocol 23 is still stuck in the testnet phase, indicating delays in major updates like the PiDEX upgrade, which may not be implemented until Q2/Q3 of 2026.
New Partnership Brings Hope
Despite the internal challenges, Pi Network has announced a strategic partnership with CiDi Games, a Web3 gaming developer. This collaboration includes an investment from Pi Network Ventures, marking the second significant funding move after supporting the AI robotics firm OpenMind AGI. The partnership aims to introduce more real-world applications into the Pi ecosystem, particularly in gaming and user engagement.
Supporters Remain Optimistic
While some critics are skeptical about Pi Network’s future, there are still supporters who believe in the project. One community commentator argued that Pi Network is addressing the real issues faced by the crypto industry. Unlike other projects that rely on narratives without substantial user bases, Pi Network boasts real users, real needs, and real usage, making it one of the most undervalued and misunderstood projects in the industry.
The Road Ahead for Pi Network
Despite facing challenges such as price weakness and slow development, Pi Network continues to garner support through growing partnerships and active user engagement. While the project is currently perceived as a “Sleeping Giant,” there is hope among supporters that Pi Network will eventually realize its full potential.
In conclusion, Pi Network’s journey ahead is a mix of obstacles and opportunities. While the project faces criticism for its slow progress, the strategic partnerships and strong user base provide a glimmer of hope for a brighter future. As the crypto industry evolves, only time will tell if Pi Network can achieve its long-term goals and potentially reach a price of $10 in the next two months.
