Pi Network surpassed XRP in a recent poll on cryptocurrency usage for topping up Zypto VISA Cards, with DASH and USD1 following closely behind.
Pi Network's market price has dropped by 22% to $0.65 amidst a significant market sell-off that saw over $170 billion wiped from the crypto market.
Despite the price plunge, Pi Network demonstrated strong real-world usage, leading VISA Card transactions, while facing challenges due to the lack of major updates and exchange listings.
Analysts caution that Pi's price could drop further to $0.40 if selling pressure persists, highlighting the project's struggle to maintain investor confidence despite practical utility.