Pi Coin’s price has recently dipped below significant levels, like $1. Despite ongoing concerns about its long-term viability, some analysts remain optimistic. However, the Pi Network continues to show resilience, according to longtime analyst and early supporter Dr Altcoin. Known for his unwavering support and insightful analysis of the Pi project, Dr Altcoin believes he’s never been more confident in its future than today. Dr Altcoin explains that despite recent price drops and community frustration over the coin’s current performance, Pi has demonstrated surprising strength. This resilience was seen recently when Pi faced a significant token unlock event that many feared would cause a sharp price drop. The anticipated crash to $0.30 did not materialize as Pi stabilized instead after a brief dip from $0.70 to around $0.60 following the unlocks. The reason for this stability lies in the Pi Core Team’s timely intervention with a supply-absorbing strategy that allowed them to manage the influx of tokens into centralized exchanges. This move proved successful, preventing a price collapse and showcasing Pi’s resilience. 1 While the community remains disappointed with its current low price and lack of updates from the Core Team, its continued ranking among the top 30 cryptocurrencies by market cap speaks volumes about its long-term potential. Dr Altcoin, whose Pi-related posts have garnered over 40 million views globally, forecasts a further increase in value, predicting Pi reaching $314 within the next five years.