Pi Network (PI) has suffered a sharp 16% drop in the past 24 hours, falling to $0.5128 as broader market fears around tariffs and recession continue to pressure cryptocurrencies. The token has now lost 38% of its value in just one week and a staggering 74% over the past month, sparking concerns that PI may be entering a full-fledged death spiral.
Since hitting an all-time high of $2.99 on February 26, PI has shed 82% of its value. The persistent downtrend has left traders questioning the long-term viability of the project, especially as major exchanges like Coinbase, Binance, and Kraken continue to steer clear of listing the token.
Technical indicators paint a grim picture. PI’s RSI has collapsed below 25, signaling extreme overselling, while its 30-day moving average continues to trail significantly below the 200-day, suggesting long-term bearish momentum. Under normal market conditions, such weak metrics might precede a rebound—but PI has shown no signs of recovery.
Market sentiment hasn’t helped. Some critics continue to label Pi Network as a data-harvesting operation or even a Ponzi scheme. This growing skepticism, combined with a lack of exchange support, is driving liquidity and investor confidence away from the token.
I watched @SonOfATech video on Pi Network (link in second post) and I had legit never even heard of Pi Network, so I checked it out.
— MeanHash ₿ ✪ (@MeanHash) April 3, 2025
One look at the app and it is clear this is a data aggregator app and shady af. 100% agree with him here. If you mined this coin you should get… pic.twitter.com/weMNZwfOAj
If bearish pressure persists, PI could soon break below the $0.50 mark, with analysts warning of a potential slide toward $0.40 by June.
In contrast, emerging altcoins like MIND of Pepe (MIND) are gaining traction. The ERC-20 token has already raised $7.8 million in its ongoing presale. MIND aims to combine AI and crypto by offering real-time trading insights and launching its own AI-generated meme coins. Early investors will gain exclusive access to these new tokens, enhancing their profit potential.
Real-Time Market Awareness – The RAG Revolution
— MIND of Pepe (@MINDofPepe) March 20, 2025
MIND of Pepe is now contextually aware with live market data.
◉ Tracks market conditions & sentiment shifts
◉ Pulls the latest crypto trends, news, and price action
◉ Enhances decision-making for token holders
Next-level…
As PI flounders, the shift toward newer tokens with innovative use cases and stronger fundamentals may become the safer bet for crypto investors navigating uncertain markets.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Pi Network (PI) Hits Monthly Low of $0.5376—Can the 69% April Drop Be Reversed?
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
