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Once hailed as a groundbreaking project allowing users to mine cryptocurrency directly from their phones, Pi Network now faces mounting pressure. Pi Coin, the network’s native cryptocurrency, has seen a significant decline, slipping below $0.30 as doubts intensify among the community. Despite this, some loyal users hold onto hope, believing a rebound could be on the horizon.
Pi Coin Experiences a Sharp Drop
Pi Coin’s value has plummeted by over 13%, falling to $0.58 in recent days. This sharp decline has left many users concerned, particularly as the long-awaited mainnet launch remains in limbo. The delay in Know Your Business (KYB) approvals for community projects has also contributed to rising frustration. In response, platforms like PiDaoSwap have begun launching NFTs on Binance Smart Chain to bypass Pi Network’s sluggish internal systems.
A Call for Patience
Amid the turmoil, some members, including Pi Network node runner John Lang, are defending the project. On social media, Lang urged the community to remain patient, emphasizing that the PiCoreTeam (PCT) is working diligently behind the scenes. He reminded users that building a global cryptocurrency platform is no easy feat, encouraging them to trust the process and avoid selling their Pi Coins at a loss.
Guys, be patient with the $Pi core team. They keep working, building meticulously behind the scene. Their task is not easy and there are so much things to do.
— John Lang π (@johndelulu247) April 7, 2025
Just trust the process and whatever the market condition is, never sell your Pi cheap.#PiNetwork pic.twitter.com/BThB6ecCPw
PiCoreTeam Introduces New Developer Rules
In an effort to showcase ongoing development, the PiCoreTeam recently announced new technical requirements for developers. These include mobile-first design standards, mandatory KYC certification, and clear value exchange models. The updated Pi SDK now supports apps focused on virtual goods, mini-games, and decentralized services, aimed at enhancing Pi Network’s real-world utility.
Despite the challenges, Pi Network’s community remains active. Over 200,000 domain name bids have been placed on the platform, signaling continued engagement. However, some analysts argue that this activity is insufficient to address deeper issues, such as inflation concerns. Dr. Altcoin, a prominent crypto analyst, has suggested that PiCoreTeam consider burning a significant portion of Pi Coins to curb inflation and stabilize the market.
This week is crucial for the price of Pi, ahead of the upcoming influx of unlocked Pi coins to CEXs. If the Core Team does not make significant changes to its tokenomics and fails to announce major developments or partnerships by the end of this week, Pi is likely to plunge to… pic.twitter.com/XYovpjNYSU
— Dr Altcoin (@Dr_Picoin) April 7, 2025
Some in the community propose creating a Community-Driven Liquidity Pool (CDLP) to help stabilize Pi Coin’s price by encouraging users to purchase Pi regularly. While there are concerns, some, like crypto analyst Moon Jeff, still hold a positive outlook. Jeff believes Pi Coin could reach $3 by June, with market conditions improving and the project overcoming current hurdles.
$PI to $3 by June.
— MOON JEFF 🪐 (@CRYPTOAD00) April 7, 2025
The whole market is collapsing and so is $PI.
When all these trade wars are over then i expect it to start breaking all the resistance until new ATH. $PI possibilities are endless. #PiNetwork pic.twitter.com/1Of8N9YDBy
As Pi Network navigates this turbulent phase, only time will tell if it can regain its former momentum and deliver on its ambitious promises.
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 Price Stabilization: Expert Reveals Decentralized Strategy to Prevent Sharp Drops
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!
