The Pi Network, once praised for letting users mine cryptocurrency right from their phones, is now under serious pressure. Pi Coin’s price is slipping toward the $0.30 mark, and the community is growing restless. As doubts build and frustration rises, criticism toward the PiCoreTeam (PCT) is getting louder. But despite the chaos, some loyal users still believe there’s light at the end of the tunnel.
So what’s really going on behind the scenes? Why is Pi Coin crashing – and is there still hope for a comeback? Let’s break it down.
In recent days, Pi Coin has dropped more than 13%, falling to $0.58 and continuing to trend downward. This drop has sparked concern among users, especially as many are still waiting for the long-anticipated open mainnet launch. Frustration has also increased due to delays in KYB (Know Your Business) approvals for community projects.
As a result, platforms like PiDaoSwap have started launching NFTs on the Binance Smart Chain to get around Pi’s slow internal systems.
Despite the negativity, Pi Network node runner John Lang spoke out on X in defense of the project. He said the PiCoreTeam is working carefully behind the scenes and reminded users that building a global crypto platform takes time and effort.
“Their task is not easy,” Lang wrote. “Just trust the process, and whatever the market condition is, never sell your Pi cheap.”
To show ongoing progress, the PiCoreTeam recently introduced new technical requirements for developers. These include a mobile-first design, mandatory KYC certification, and clear value exchange models. The updated Pi SDK now supports apps focused on virtual goods, mini-games, and decentralized services—designed to bring more real-world utility to the Pi ecosystem.
Community Still Active, But Concerns Remain
One positive sign is that domain name auctions on the Pi Network have crossed 200,000 bids, showing that some users remain active on-chain. But not everyone is convinced this is enough. Analyst Dr Altcoin warned that activity like domain bidding won’t solve the bigger issues. He has called on the PiCoreTeam to burn a large portion of Pi Coins held in foundation wallets to reduce inflation.
A pseudonymous user named Satoshi Nakamoto has suggested creating a Community-Driven Liquidity Pool (CDLP), where users commit to buying Pi each month to help stabilize the price.
Meanwhile, crypto analyst Moon Jeff believes that Pi Coin could reach $3 by June. Despite the recent price drop, he thinks that once trade tensions ease, Pi could break resistance and climb to new highs.
So, the Pi saga continues, a real-time experiment meeting market reality, playing out right before our eyes.
The Pi Network has not set a confirmed open mainnet launch date, causing uncertainty and concern among users.
Pi Coin’s future depends on open mainnet launch, adoption, and utility; current delays raise doubts, but development continues.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
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