Despite the recent drop in the price of the Pi Coin cryptocurrency, Pi Network programmer and node operator John Lang expressed confidence in the future of the project. Lang stresses that the PiCoreTeam (PCT) is working hard to develop and implement new features that should strengthen the Pi Network ecosystem.
Lang urges community members to keep their Pi Coins and not succumb to the panic caused by the current price drop. He stresses that the current price fluctuations are common in the early stages of cryptocurrency projects and should not be seen as a sign of failure.
Pi Network has seen significant growth in its user base, with the number of members exceeding 60 million. This growth is attributed to the mobile approach to mining, which allows users to acquire Pi Coins through a simple app.
The recent launch of the mainnet Pi Network led to an initial spike in the price of Pi Coin, followed by a sharp decline. This price trend is partly due to profit taking by early miners and the general downturn in the cryptocurrency market.
Despite these challenges, Lang believes that the dedication and work of the PCT team, along with a growing user base, will lay the foundation for the future success of the Pi Network. He encourages community members to remain patient and monitor the project’s further development.