Is This the Best Time to Buy Pi Coin? Expert Reveals Why

The recent drop in Pi coin price has raised questions about whether this could be the right time to buy the emerging cryptocurrency.

A market watcher known as Dr Altcoin has shared his views, pointing to the long-term growth potential of the coin.

Meanwhile, others have pointed out issues the Pi Network must still work through in order for it to reclaim its lost valuation.

Long-Term Thinking Could Shape Pi Coin Decisions

It is worth noting that the current price of Pi Coin has caught the attention of some investors.

Dr Altcoin, a well-known voice in the Pi community, shared his thoughts online, urging people to look at the bigger picture.

He said that five years may pass quickly, and that those who wait and build now could benefit later.

In his latest post on X, Dr Altcoin made a comparison with Bitcoin and Ethereum. He said many people sold these coins early, only to regret it later when the value went up.

In his view, Pi Coin may be at a similar stage now. However, he did not make any promises.

He said the current low price might be a good entry point for those thinking long-term.

He explained that he follows a five-year plan and adds to his PI holdings when prices fall.

Even if he only buys $25 worth at a time, he sees it as a way to prepare for the future.

Notably, his advice was clear. He believes that anyone thinking about Pi Coin should make a plan and avoid rushing in or out based on short-term changes.

Market Watchers Track Key Support Level

In another post on X, a Pi-focused news account, The Times of PiNetwork, shared a brief update on the coin’s recent price activity.

According to the post, the account noted that PI had touched a new low and could bounce back if it holds its current level.

The account explained that the price may recover in the short term if traders see the drop as a chance to buy at a discount.

However, the team also warned that if the price falls below the current line of support, it could lead to a more drastic decline.

More importantly, the post also noted that the team behind Pi Coin has not shared much news lately.

Without any updates or action from the developers, the confidence in the coin could drop even further.

Concerns About Locked Coins and Inactive Apps

In a separate development, Kim H Wong, another follower of the Pi Network, shared a different concern.

Writing in Chinese and which was translated via Grok, he said the platform has two main problems.

First, he said there are not enough useful dApps built on PI. Second, most users cannot use their coins yet because they are locked.

He suggested two steps that might help the network grow, including the launch of more apps for users to trade or interact with.

The second tip hinges on allowing another round of coin migration. This would let more users move their coins to wallets where they can use them.

Without these changes, Wong said the network might not see real growth. His comments added to the ongoing conversation around Pi Coin and how ready it is for wider use.

While some people see Pi Coin’s low price as a good chance to buy, others believe key steps still need to be taken.

It is important to add that presently, the debate continues as users, traders, and watchers wait to see what happens next.