Pi Network Validators Face Potential AI Replacement Amid Pi Coin Price Decline
The Pi Network faces challenges as its validators may be replaced by AI for KYC validations. The Pi Core team has not confirmed this shift, but Dr. Altcoin suggests a reduction in human validator roles.
Concerns have arisen among validators regarding:
- Non-receipt of dues and rewards after six years
- Incomplete migration processes
- Zero balances in wallets despite successful migration steps
- Confusion over multiple wallet instances post-migration
Dr. Altcoin emphasizes the need for the Pi Core Team to address these issues.
Pi Coin Price Decline
Pi Coin's price dropped 4% to $0.61, marking a weekly loss of over 10% ahead of an upcoming token unlock. Analysts predict potential retests of April lows at $0.40. If the price fails to maintain the $0.3953 support level, it could fall to $0.16.
For a bullish reversal, Pi Coin must reclaim $0.92, with a potential rally target of $3.04. The community anticipates a significant announcement from the Pi Core team on June 28, with concerns that a lack of updates could lead to further selling pressure.
Pi Coin Technical Chart | Source: Weslad