#Pi why plummet, where are we going in the future?

Considering the recent plummet of Pi coins, everyone is actively discussing its causes. At the forefront is the imbalance between supply and demand in the market: a large number of early coin holders are selling their assets for profit, while there are very few new participants in the market, leading to a significant oversupply over demand. Project investors spent a lot in the beginning, but in the short term, their actions may look like asset liquidation, and technical shortcomings have also become an obstacle: low performance of the main network and transaction processing delays cannot meet users' needs, causing a crisis of trust. At the same time, increased regulation and policy uncertainty are causing concerns among investors and undermining their confidence.

Facing the plummet of Pi coins, the project team is constantly taking action, actively optimizing the node program, and has also launched a social networking application in an attempt to improve the ecosystem. However, these efforts seem to have not achieved the expected results, and the price still remains low.

The future of Pi coin is fraught with uncertainty. If the project team accelerates technological innovations, expands applications, and gains recognition from regulators, it may have a chance again. However, given the current situation, it has already plummeted below one, and a clear downward trend is observed on the daily chart, with no structure or shape to stop the plummet, resulting in a panic sell-off. I expect it to drop to around 0.6~0.7 very soon, so I recommend the brothers not to rush into purchases; it is not the bottom yet. Where is the bottom? When the plummet stops, I will inform everyone to act. For now, it's better to watch cautiously, and those with short positions can continue to hold.
The above is solely a personal opinion for your consideration, wishing everyone successful investments and a lot of earnings!
Where do you think the share will plummet? Does it have a future?