Pi Network has recorded a sharp decline this week. The altcoin lost over 20% in the past 24 hours, pulling the price down to $0.44. This marks an over 85% drop from its February high of $3.00.
The crash moved Pi Coin from the list of top 30 cryptocurrencies. Analysts now warn that the price could fall to $0.10 due to growing concerns over project development and broader market trends.
Pi Coin Price Drops as Sell Pressure Rises
The selling volume of Pi Coin continues to remain elevated throughout the current period. The market recorded extraordinary buying and selling activity that surpassed $500 million as many investors departed. Recent advancements have not reversed the negative general attitude that predominates for this coin. Multiple users remain dissatisfied due to the prolonged delays regarding the Pi Network’s mainnet launch followed by its Know Your Customer requirements.
The lack of official listings on trading exchanges serves as a major reason to forecast lower market performance. Pi Coin remains outside the trading platforms of Binance and Coinbase and other major exchanges. Since main exchanges ignore Pi, users maintain their activities on less secure platforms, OKX and Gate.io, which show reduced liquidity levels.
KYC Delays and Regulatory Uncertainty
The project has also experienced setbacks in Know Your Business (KYB) and KYC approvals. For example, PiDaoSwap, one of the Pi ecosystem’s platforms, reported delays in receiving KYB approval. In response, the team decided to launch NFTs on Binance Chain to maintain activity.
Banxa integration has also failed to shift sentiment positively. As these issues remain unresolved, investor confidence continues to weaken. The delays are seen as barriers to Pi Coin becoming fully tradable or scalable.
Lack of Exchange Listings and Utility Growth
User access to Pi Coin becomes limited because leading cryptocurrency exchanges currently do not support it. The price, along with liquidity levels, typically increases after coin listings on Binance and Coinbase. The absence of major exchanges listing Pi Coin prevents the market from discovering it.
Efforts to enhance the Pi Network through projects like PiFest and Zito Realty have not brought enough users into the ecosystem. The absence of utility growth will likely cause users to decrease their interest.
Macro Market Pressures Add to Decline
The crypto market has been under pressure due to macroeconomic events. A key development includes former U.S. President Donald Trump’s announcement of reciprocal tariffs. This caused volatility across global markets.
Bitcoin has also faced downward movement. Analysts at Matrixport suggest that if Bitcoin drops below $70,000, altcoins like Pi Coin could face further losses. As a speculative asset, Pi is highly vulnerable during such downturns.
Future Price Outlook and Market Risks for Pi Coin
Market analysts predict that Pi Coin will trade beneath the $0.40 mark throughout the next period. The experts predict that Pi Coin might decline to $0.10 in value unless mass sell-offs begin. The current circulation volume of Pi Network reaches 6.79 billion tokens, while it has set the total supply at 100 billion.
KYC completion and asset sales by a higher volume of users will likely cause an instantaneous surge in token supply. The price of Pi will suffer an additional decrease as a result. The Pi core team must implement rapid actions to rebuild trust, which will help support the token’s value.
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