In This Article
- Pi Coin Price Trends
- Valuation Based On The Underlying Technology
- Inflationary Concerns and Ecosystem Development
- Global Consensus Value (GCV) Hypothesis
- Impact of Mainnet Launch
- Pi Coin's Listing on Major Exchanges
- Pi Network (PI) Token Recovers From The Fall: Next Target is $2
- PI is up 173% after falling
- PI Forecast: New Highs Ahead
Pi Coin Price Trends
Pi Network is similar to projects such as Hamster Kombat (HMSTR). It utilizes a tap-to-earn model, relies on mass appeal, and attracts mostly newcomers to cryptocurrency who want to make a quick buck.
However, historical experience shows that the tokens of such projects plummet in value almost immediately after launch. DeFi Crypto King analyst recently warned investors against inflated expectations, emphasizing that Pi's listing price is unlikely to reach even $5, let alone $30-40.
According to CoinMarketCap, the token has indeed started trading at $2.
“I'd love to see people get rich and change their lives with Pi, but I can't stand fake prices. I still remember someone taking out a huge loan to buy a car, thinking of the HMSTR they would get through airdrop, ended up disappointed and sold the car,” the analyst shared.
He predicted that the PI coin may stay at the $1 level for a while, but then the rate will go down. At the time of writing, PI was trading at $0.668 on the OKX exchange, marking a drop of nearly 60% since trading began on Friday.
Valuation Based On The Underlying Technology
Pi Network is built on top of the Stellar blockchain and is virtually indistinguishable from it technically. Meanwhile, Stellar's native token (XLM) has a market capitalization of $17 billion, while Pi is valued at $65 billion.
Such a difference in valuation, given the almost identical technological base of the projects, raises reasonable doubts. Analysts assume that in order to match the real value, the price of Pi may decrease by 70%, approaching the indicators of XLM.
Inflationary Concerns and Ecosystem Development
According to the Pi Network white paper, token issuance may not be limited to the announced volume of 100 billion.
“To maintain the health of the network and ecosystem, there may be a need for inflation after the distribution of 100 billion Pi,” the paper said.
The token value is also pressured by the lack of in-demand applications in the project's ecosystem. This is a critical factor, as it is practical utility and real demand that determine the long-term value of any cryptocurrency.
Global Consensus Value (GCV) Hypothesis
Some enthusiasts promote the concept of Global Consensus Value (GCV), suggesting that the price of Pi should be fixed at $314,159. The number was chosen for a reason - it refers to the mathematical constant π (approximately 3.14159). However, critics are calling for the price to be allowed to form naturally, as has happened with bitcoin and Ethereum.
“GCV is more of a concept than an actual market price. Pi will probably start at normal exchange rates and grow gradually as it grows in popularity,” noted one user at X.
The concern is the current price of Pi on centralized exchanges (CEX), which could be the result of speculation and manipulation. According to analysts, it is possible that the rate may drop after the launch of the core network. That said, the Pi Core team may take strict action against violators.
“The core team will monitor speculative market manipulation and may destroy (confiscate) any Pi that trades in violation of the rules,” explained a user on X.
Impact of Mainnet Launch
The launch of the main Pi Network mainnet launch on February 20, 2025 was a notable event in the crypto market. According to Coinpaper, the project conducted the largest cryptocurrency airdrop in history at $12.6 billion. However, market performance remains weak - initial excitement has been replaced by caution.
The skeptical sentiment intensified after Bybit exchange CEO Ben Zhou recalled a warning from Chinese authorities. In 2023, Chinese law enforcement authorities characterized the project as a “financial pyramid scheme” targeting vulnerable groups.
“If you plan to visit mainland China, I advise you not to mention Pi or do business with it,” warned crypto analyst Colin Wu.
These statements reflect the ongoing debate in the crypto community about the reliability and prospects of Pi Network.
Pi Coin's Listing on Major Exchanges
Some cryptocurrency exchanges have added the Pi Network (PI) blockchain token to their listings without any authorization. This was reported by the project developers on their official website. The creators of the project did not specify which exchanges they are talking about.
As emphasized by the developers, the PI token is not officially traded anywhere and is not placed on cryptocurrency exchanges. Users cannot buy or sell the token, and PI is distributed only through mining. The developers of Pi Network recommend users not to interact with any of the cryptocurrency exchanges, as their actions “have no relation to the PI network and may lead to significant losses”.
The Pi Network has already called on trading platforms to remove the token from the listing. Amid the announcement, the PI exchange rate collapsed more than 15%, according to Nomics data.
According to CoinMarketCap, the PI token is listed on Huobi, BitMart, Hotcoin Global, Biconomy Exchange, XT.com and SuperEx.
Pi Network (PI) Token Recovers From The Fall: Next Target is $2
PI is up 173% after falling
At the time of writing, the Pi Network token is trading 173% above its post-launch low. This impressive growth is due to the renewed interest in the altcoin that has been seen in recent days.
This positive momentum is reflected in the rising Relative Strength Index (RSI). The indicator is at 63.40, indicating strong upward momentum.
Such values signal that the buyers' activity exceeds the sellers' pressure. If this trend continues, the PI price is likely to continue rising.
In addition, the Balance of Power (BoP) indicator shows a positive value of 0.41 and supports an optimistic outlook.
This indicator compares the strength of buyers and sellers in the cryptocurrency market by analyzing price movements over a certain period. Positive BoP values indicate bullish dominance and strong upward momentum, which may hint at further price growth.
PI Forecast: New Highs Ahead
At the time of writing this analysis, PI is trading at $1.52. Over the past 24 hours, the token has fallen in price by 4.4%.'
Meanwhile, the chart below shows that the cryptocurrency has been trading above the ascending trendline since February 20, which confirms renewed interest in the altcoin. This configuration indicates a sustained uptrend.
Under a positive scenario, with buyers' support, PI will have a chance to overcome the $2 mark and return to its previous all-time high (ATH) at $2.20.
However, in case of falling demand or too active profit taking, the bullish forecast may be canceled. Then Pi Network token will face a drawdown below $1.60 - probably to $1.34.
