Will Pi Network hit $10 on the price charts?

Key Points

1. Pi Network's price has fallen significantly, with the altcoin valued at $0.41 at the time of writing, far from the $10 target.

2. The project's massive supply of 100 billion coins, with 80% allocated to the community, makes a $10 valuation unlikely as it would require a $74 billion market cap.

3. The mainnet launch did not bring expected gains, with reports of an 84% price crash as early investors exited.

4. Pi Network faces criticism for its referral system, which resembles multi-level marketing, and privacy concerns over mandatory KYC processes.

5. Regulatory threats from entities like the SEC and the need to prove real-world utility beyond speculation are major hurdles for Pi Network's success.