The native token of the crypto project Pi Network, PI, has experienced a 70% crash in the past 30 days, with its price falling below $0.70.
Some community members believe that Pi Network's team is unprepared for the challenges brought by the Open Mainnet and suggests hiring more people and decentralizing the native token to address the issues.
Additional support from leading cryptocurrency exchanges like Binance could positively impact PI's valuation, although there has been no confirmation from the exchange.
An analyst predicts that if the price of PI reaches a bottom at around $0.60, it could experience a significant resurgence, potentially reaching a new all-time high of $5.