While the broader cryptocurrency market enjoyed significant gains in the past 24 hours, driven by a surge of Bitcoin above $85,000, the price of Pi Network’s PI token has experienced a decline. Notably, PI is nearing breaking below $0.7 after experiencing yet another minor daily drop. Despite these challenging circumstances, the token saw a significant peak in late February but has now tumbled by over 75% since then, dropping even further after hitting its all-time high of $3 earlier this year. đź“Š While recent updates to the Pi Network’s verification process have shown promise, the native cryptocurrency hasn’t managed to regain momentum and is down 3.5% in the past day compared to the positive performance of other crypto assets like Bitcoin surpassing $85,000 for the first time since Friday, ETH above $1,900, DOGE and ADA also experiencing a more than 4% daily increase. However, Pi Network’s community remains steadfast, with many users anticipating a price rebound, particularly as “market volume returns” to support a potential jump back towards $2. Several X users even predicted PI could hit $2.73 by the end of the month. This suggests that despite the ongoing downturn, confidence remains high within the Pi Network community.