Pi Coin experienced a significant drop in price, falling below $0.60 before rebounding by 6% in the last 24 hours, reaching $0.61. This rebound followed unmet expectations for major updates and ecosystem progress from Pi Core Team promises. Despite its recovery, the coin’s long-term potential remains a topic of discussion within the community, with some envisioning it reaching $10. 70 million users have joined the Pi Network, creating an extensive base that could fuel demand for the cryptocurrency. Analysts suggest this could drive price increases if even a fraction of users engage in daily payments or utilize services within the Pi ecosystem. However, Pi’s price remains below $1, despite its vast user base and potential. The coin is also influenced by broader market trends, including geopolitical events like tensions between Israel and Iran that have impacted the cryptocurrency market. While analysts predict a bullish movement for June, some community members criticize the lack of capitalizing on market upswings. The Pi Coin community awaits updates from the Core Team in anticipation of further developments.