Pi Community worth remained below stress this weekend, even because the builders introduced main bulletins, together with a technique to compete with Worldcoin and Humanity Protocol.
Abstract
- Pi Community worth retreated to $0.167 because the current momentum light.
- The builders celebrated the primary anniversary by asserting future priorities.
- The priorities embody KYC-as-a-Service, which is able to see it compete with Worldcoin.
Pi Coin (PI) token was buying and selling at $0.1677 on Sunday, down barely from the best level this month. It stays 35% above its lowest degree this yr.
In an announcement marking the primary anniversary of its mainnet launch, Nicolas Kokkalis and Chengdiao Fan defined the important thing priorities to observe going ahead.
The highest priorities embody options like native token technology, decentralized trade, and launching developer instruments. Their purpose is to create an lively community the place creators can launch apps and their accompanying tokens.
Most notably, the builders are aiming to speed up the Know Your Buyer (KYC) course of. They lately launched an AI-powered improve that has boosted the variety of verified people.
With this expertise, the builders at the moment are engaged on rolling out KYC-as-a-Service. Their purpose is to have Pi Community present these companies to firms from world wide.
The service will compete with WorldCoin (WORLD) and Humanity Protocol. World, which was launched by Sam Altman, goals to offer these companies by means of the World ID and World App. It has already enrolled tens of millions of individuals globally.
Humanity Protocol additionally goals to resolve this problem by leveraging the proof of humanity mechanism utilizing palm recognition expertise. The information is then transformed into cryptographic hashes utilizing zero-knowledge proofs.
Nonetheless, Pi Community worth stays below stress because the builders didn’t handle key components which have contributed to its underperformance. For instance, they didn’t handle the tokenomics, together with the continuing unlocks and potential token burns. Additionally, they didn’t handle methods to make sure extra trade listings.
Pi Community worth technical evaluation
The every day chart exhibits that the PI worth has remained below stress prior to now few days. It retreated from this month’s excessive of $0.2050 to the present $0.1677.
The coin has remained under all transferring averages, whereas the Relative Power Index has rotated and moved under the impartial degree at 50.
The probably situation is the place the Pi Community worth continues falling, doubtlessly to the psychological degree at $0.1500. A transfer under that degree will level to extra draw back, doubtlessly to $0.1300.
