Will Pi Coin Bounce Back After 68% Drop? Price Prediction Analysis

The cryptocurrency market has been trending downward, impacting even the mid-cap altcoin, Pi Network (PI). The token, valued at approximately $7.5 billion with a 24-hour average trading volume of around $196 million, has witnessed a significant drop of over 68% in the past four weeks, currently trading around $0.723 on Monday, March 31st as Western markets opened. 2023 has been a turbulent period for Pi, facing headwinds and challenges from both the market downturn and exchange-related decisions. Pi Team Navigates Challenges,