As Pi Coin’s price hovers near recent lows, drawing concern from its expansive community, Dr. Nicolas Kokkalis, co-founder of Pi Network, has stepped forward to explain the current market conditions and reassure “Pioneers” about the project’s long-term vision.
His insights clarify why Pi’s price might be low right now and offer a perspective on its future trajectory.
According to Dr. Kokkalis, the primary reason for Pi’s current price dip is the broader global crypto correction impacting the entire market. He emphasized that this downturn is “hitting all major coins — not just Pi.”
He specifically noted that giants like Bitcoin, Ethereum, and Solana have recently experienced significant dips, dragging overall market sentiment down and affecting even projects like Pi Network.
However, Dr. Kokkalis highlighted several unique aspects that differentiate Pi Network’s situation:
- Enclosed Mainnet Status: Pi is currently still operating within its Enclosed Mainnet phase, meaning its full potential and liquidity are yet to be realized on open markets.
- Utility-Based Growth: Despite the price, real utility-based growth is actively happening within the ecosystem.
- Strong User Base: The project boasts over 50 million users who remain committed.
- Ecosystem Development: Genuine applications are continuously being built on the Pi ecosystem.
Dr. Kokkalis firmly stated that the current situation is “a temporary phase — not a crash.” He reiterated that Pi’s “real market value will be discovered” once the Open Mainnet is unlocked and the coin gets listed on major exchanges.
He concluded his message with a call for resilience: “Stay strong, #Pioneers — accumulation phase never looks like victory.” This outlook aims to reinforce the community’s resolve, focusing on the long-term potential and the foundational work being done, rather than short-term price fluctuations.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/pi-coin-project-founder-explains-the-price-drop/