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Crypto expert Dr. Altcoin defends Pi Network’s slow progress, attributing the delay to its unexpected growth and infrastructure strain.
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Estimated reading time: 2 minutes
Highlights
- Dr. Altcoin attributes the Pi network's slow growth to an unexpected increase in user numbers from a few million to over 65 million in over 200 regions.
- He admitted that after postponing the launch of the Open Mainnet beyond December 2024, he almost canceled the project.
- The expert urged pioneers to be patient, saying that Pi Network milestones reinforce a broader long-term vision.
Update
Leading Pi expert Dr. Altcoin points out that the Pi Network's slow growth can be attributed to its unexpected surge after entering the open market.
Expert explains why the Pi network exceeded its original limits
Pi expert, Dr. Altcoin, recently shared , why he is still convinced that Pi Network is not a scam despite his earlier doubts. In his post, he explained that the team’s decision to delay the Open Mainnet launch beyond December 2024 almost led him to cancel the project.
Survey
After surveying nearly 5 community members, he decided to wait, as 900% of them supported the legitimacy of Pi Network. This confidence grew when Pi Network was listed on major exchanges in February 52.
Although the project’s communication has been slow at times, Dr. Altcoin emphasizes that its rapid growth from a few million early adopters to over 65 million pioneers in over 200 regions has pushed the infrastructure beyond its original plans. “It’s still a huge, ongoing development,” he noted.
The crypto expert further emphasized that Pioneers should celebrate the growth of the network.
While we wait for the full rewards from the project, let's not forget to celebrate the milestones that Pi Network has already achieved.
Pi Network Milestones Reinforce Optimistic Scenario
Recent upgrades and partnerships underscore Pi Network's growth:
- Node update : As previously reported by CoinGape, Pi CTO Nicolas Kokkalis has released a new version of Pi Node, v0.5.3. This update improves the functionality of the blockchain browser and simplifies the node setup process. It also introduces a feature that allows for automatic updates, which will be rolled out gradually.
- Integration with Banxa : A crucial step towards everyday usability is the addition of Banxy as a Pi buy and sell partner, allowing users to buy and sell directly using cards and wallets like Apple Pay and Google Pay.
- Stock exchange listing : In addition to listings on major exchanges such as OKX, Bitget, and MEXC, Pi Coin has been listed on Swapfone, a regulated US exchange focused primarily on mobile devices. These listings open up Pi Network to broader market participation.
Pi Network Maintains Development Despite Community Pressure
The Pi Network team continues its development with ongoing migration to mainnet The platform reminded users to complete the third step of the mainnet checklist: enabling two-factor authentication in the Pi Wallet. This security requirement is essential for transferring tokens from the testnet to the mainnet. Many also believe that it hints at significant changes to the ecosystem coming soon.
Pi-usd chart
Conclusion
Meanwhile, the price of Pi coin is stagnant, trading between $0,43 and $0,45. However, trading expert BOSSMD recently noted , that Pi coin broke through a descending trendline and tested resistance near $0,465 before consolidating around $0,445-$0,450. “A stable hold above the support could trigger a retest of $0,465,” he noted.
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