While the broader crypto market has moved into the green zone, Pi Network is facing downward pressure, with Pi coin trading around $0.2297, down more than 2% in 24 hours. The token failed to hold above the important $0.25 resistance, which also aligned with the 0.618 Fibonacci level.
Pi’s market cap has slipped to $1.91 billion, and trading volume has dipped more than 16%.
Crypto commentator Dr. Altcoin recently said that Pi Network continues to behave like a “Sleeping Giant” because progress from the core team remains slow. He pointed out that Protocol 23 is still stuck in the testnet phase.
“Protocol 23 remains stuck in the testnet phase, and at this rate, major updates like the PiDEX upgrade are unlikely to be realised before Q2/Q3 2026,” Dr Altcoin wrote.
Despite internal delays, Pi Network has announced a strategic partnership with CiDi Games, a developer focused on Web3 gaming. The deal includes an investment from Pi Network Ventures, which has now made its second major funding move after backing the AI robotics firm OpenMind AGI.
The partnership will bring more real-world applications into the Pi ecosystem, especially in gaming and user engagement.
Not everyone is discouraged. One Pi community commentator argued that Pi Network is actually solving the real problems the crypto industry faces today. The wider market expected prices to surge once ETFs launched, regulations improved and institutions like Wall Street entered the space. But this cycle proved otherwise.
According to them, the market is now realizing a hard truth that crypto valuations are disconnected from reality. Most blockchains have big narratives but no real users. Pi Network is the opposite. It has real users, real needs and real usage.”
The commentator said that this makes Pi one of the most undervalued and misunderstood projects in the industry.
For now, Pi Network faces a mix of pressure and potential. Price weakness and slow development continue to weigh on sentiment, but growing partnerships and strong user activity still give supporters hope that the “Sleeping Giant” may eventually wake up.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Canton network price today is trading near $0.189 as fresh institutional infrastructure developments reshape its…
Despite the recent bounce, Bitcoin (BTC) price action continues to show clear signs of pressure…
Arbitrum DAO has confirmed that its official X account has been compromised. The team warned…
Dogecoin price jumped after a fresh comment from Elon Musk renewed interest in the meme…
Remittix Wallet adoption is accelerating as crypto users increasingly look for products that offer real…
With BTC around $78K (down 11% this week), investors are rethinking their views on major…
