Pi Network has long caught the attention of cryptographic enthusiasts worldwide. However, despite the launch of its Netnet Main more than 100 days ago, the $ Pi Token has not experienced the price increase that many expected. Instead, the price has remained stagnant, leaving investors and followers wondering what is retaining Pi.
The cryptographic analyst @quencryptooo recently described three key reasons why $ Pi has not yet seen a significant demonstration. Let’s break these ideas and explore what Pi Network could do to change his career.
1. There are no strong DAPPS to feed the ecosystem
As @queencryptooo points out, “more than 100 days have passed from Mainnet, and we have no suitable DAPPs to keep the ecosystem alive.”
Decentralized applications (DAPPS) are the soul of any Red Blockchain. Without active and useful DAPPs, the network struggles to create usefulness for your native token, which in turn limits the interest of both developers and users.
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The lack of strong DAPPS on the PI network has led to:
To change this, PI Network needs to focus on supporting the creation of significant DAPPs, possibly through subsidies, associations or internal development of flagship applications.
2. Community focus on the price on profit
Pi Network has a large and passionate global community, often known as the “Pi Army”. However, according to @queencryptooo, much of this community focuses too much on the price of Token instead of building or supporting the usefulness of the ecosystem.
This pricing obsession can be counterproductive because:
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Eclipse efforts to develop real use cases.
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Conversations are dominated by speculation instead of innovation.
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Desallet to developers and companies to participate with the network.
A change in mentality is needed. The community must begin to emphasize the adoption, utility and use of real world if they expect to see sustained price growth.
3. The low activity of the central team on social networks
Communication is vital in cryptographic space. According to @queencryptooo, the low level of commitment of Pi team on social networks is another important problem.
When project equipment is not visible or receptive, it can:
The solution? The central team needs to actively update the community, interact with developers and answer users’ questions to rebuild impulse and trust.
What could cause a change?
The PI network still has a significant potential. Some key actions that could change their fortune include:
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DAPPS launching That highlights the strengths of the network and offers real value.
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Forming associations with companies to encourage the adoption of $ Pi in real world transactions.
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Communication improvement to build stronger ties between the team, developers and the community.
These steps could change the Pi network of being seen as a speculative token to a functional ecosystem with increasing value.
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| Source: Coinmarketcap |
Final thoughts
The current stagnation of the PI Network price does not mean that the project has failed. Instead, it reflects internal challenges that must be addressed. With the right approach in the creation of public services, improving communication and involving their community significantly, Pi Network still has the opportunity to fulfill its early promise.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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