Ahead of Consensus 2025, the Pi Core Team (PCT) Has Made Progress in Stabilizing the Pi Network Ecosystem

Dr. Altcoin recently highlighted the progress that the Pi Core Team (PCT) has made in stabilizing the Pi Network ecosystem ahead of the Consensus 2025 conference.

Crypto expert Dr. Altcoin has provided an update on the progress that the Pi Core Team (PCT) is making in stabilizing the Pi Network ecosystem ahead of the Consensus 2025 conference.

In a post on X, Dr. Altcoin stated that the team recently approved the Fruity Pi decentralized app, which has since earned a purple checkmark as verification.

"The Fruity Pi app has been approved by the PCT and it already got the purple checkmark for verification. Great news for the ecosystem!," he wrote.

The expert added that the PCT is expected to be quickly launching and approving other decentralized applications (dApps) in the ecosystem and complete the pending Know Your Business (KYB) verification process.

"The good news keeps coming. The PCT is also quickly launching and approving dApps in the ecosystem. They are also expected to complete the KYB process," he noted.

According to Dr. Altcoin, the Pi Network team has also been purchasing Pi coins from centralized exchanges to help stabilize the token's price.

The core team has created a special sub-wallet that has purchased a total of 48.5 million Pi coins at an average price of $0.64, which amounts to $31 million in total.

This purchase aims to prevent a price drop due to the recent token unlocking.

"The PCT has been buying Pi coins from centralized exchanges to stabilize the token price. They created a special sub-wallet that has purchased a total of 48.5 million Pi coins at an average price of $0.64, which amounts to $31 million in total," he said.

Interestingly, Dr. Altcoin predicts that the price of the Pi coin could reach triple digits in the next five years.

He advised market participants to buy coins when the price is still cheap, rather than panic.

"If the price goes up to triple digits in the next 5 years, it will be interesting to see what happens. My advice: buy coins while the price is still cheap and don't panic," he concluded.

In terms of what the Pi Core Team can do better, the expert believes that they can utilize the Consensus 2025 conference as a venue to showcase the Pi ecosystem to the world. He states that this conference will be a pivotal moment for the future of the Pi Network.

"The upcoming Consensus 2025 conference in Toronto will be a crucial event for the Pi Network as the world's leading blockchain and cryptocurrency researchers gather to discuss the latest trends and technologies," said Dr. Altcoin.

"At this conference, the Pi Core Team can introduce the Pi Network ecosystem to a wider audience and potentially secure partnerships that can propel the network to new heights."

The significance of this moment cannot be overstated as it may determine whether the Pi Network can flourish or flounder in the competitive cryptocurrency landscape.

Earlier this year, rumors swirled among crypto enthusiasts as HTX, a cryptocurrency exchange, teased the possibility of listing Pi Network tokens on its platform.

In a post on X, formerly known as Twitter, Dr. Altcoin highlighted a post by HTX where the exchange displayed the logo of the Pi Network.

"Is this a hint that HTX will be listing Pi tokens on its exchange?" asked Dr. Altcoin.

The exchange had previously given mysterious hints regarding the listing of Pi coins on their platform. Community members speculated that the exchange could have listed the Pi coin through a verified onboarding process.

If this listing does happen, it is believed that it will provide a positive boost to the price of the Pi token. Moreover, a number of other major crypto exchanges such as Binance and Bybit have yet to make a statement regarding the possibility of listing the altcoin.