
Following a more than 20 percent drop in the price of Pi last week, analysts have proposed solutions to prevent further falls.
Dr. Altcoin, an activist on the network, believes that the development team can help improve its price by burning a large part of the tokens.
With the threat of a fall in the price of Pi to 0.3 following the recent releases of PI tokens, Dr. altcoin has stressed that investors should accept the current reality of the project.
He has warned that further price cuts may delay reaching a new historic ceiling. According to him, the removal of excess coins from circulation will cause scarcity of tokens and thus increase its price.
In an analysis published on Platform X, Dr altcoin said the pie team should burn billions of tokens contained in more than 20,000 pie Foundation wallets. The team now controls more than 80 billion tokens.
Dr. altcoin also stressed the need for transparency in the process of burning and releasing tokens, believing that this could pave the way for the listing of pies on exchanges such as Binance and BYB.
However, the analyst did not provide a specific solution for the long term, only stating that it was necessary to wait and hope that the path of the foot would become similar to bitcoin, not like Ripple.
Despite the recent fall in the price of Pi network, the token has started to recover some of its value since yesterday and has continued to grow ever since. After reaching its lowest price level (ATL) of 0.40 recorded yesterday, the asset has recovered more than 60 percent of its value and is now trading in the 0.65 range
At the same time as this price growth, the volume of pie network transactions has also surpassed 1.3 billion by 56 percent. Now, the next resistance that the network foot should test is the 0.9 level.