Correctly the price for pi coin is crashing which is not a good sign for a project that has been in the market for a very long time. The earlier price was good with was more than $1 and now it is less than $1 which is happening because of higher selling transactions in the market. I was thinking that it's price will dump after they exchange listing however that did not have an immediately but as of now we can see how things are getting shaky for the project.
It looks like the height is over for this project in the market and that is why all the token holders are selling of the coin and booking profit which is why the price is crashing. I believe that one of the reasons why it is happening because there is no use case for this coin in the market and without use case things can be difficult for any project to survive.
Pi Coin of PI Network continued to trade in deep red, with its weekly performance down by nearly 17%. In 14 days, PI Coin tumbled by around 47% on CoinMarketCap. In the past few days, due to relentless profit booking from investors, Pi Coin's rank dropped from 11th to 24th at CoinMarketCap
The rank has gone down from 11th to 24 which is more than double and if they stand continuous like these then probably we will see its rank slipping down for there and it is obvious to happen.
There are so many Crypto projects in the market and if any project is not able to build innovative product that works insert way that it salt some problems and also make things easy for the people then it will not be able to survive for two long because people will move away soon or later and that is going to affect the token economy.
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