Pi Network has surpassed XRP in a recent poll on cryptocurrency usage for Zypto VISA Cards, with DASH coming in a close second.
Despite its strong usage, Pi Network's market price has plummeted by 22% in just one week to $0.65 amidst a broader market sell-off.
Concerns about Pi Network's future linger due to the lack of major updates, unavailability on major exchanges, and reduced institutional investor interest.
Analysts suggest Pi's price could drop further below $0.55 and touch $0.40 unless there is a significant buying response, highlighting the project's challenges amidst its utility growth.