17 hours ago
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TLDR
- Pi Network price recently surged 2% to $1.17, with experts predicting a potential rally
- Pi has gained significant social media presence, nearing Dogecoin’s follower count
- Upcoming March 21 token unlock of 21.2 million PI ($42.39 million) may impact price
- Pi Network community alleges bot manipulation of sentiment polls on CoinMarketCap
- Despite optimism, the token has lost 31% in the weekly chart with mixed price predictions
Pi Network’s cryptocurrency has been on a rollercoaster ride recently. The token is currently trading at around $1.17, up 2% in daily trading. This comes as part of a broader crypto market recovery that has helped boost many digital assets.
The cryptocurrency launched on exchanges last month. Since then, it has traded between $0.6 and $3, showing high volatility in its early market days.
Analyst Kim H. Wong believes several factors could drive Pi’s price higher in the near future. He points to potential exchange listings and merchant partnerships as possible catalysts for growth.
After listed for trading on February 20,2025, Pi coin has been trading between $0.60 and $3 and is now trading around $1.15 with support at $1.05. After this initial boom and bust, Pi coin is going to trade as a regular crypto and is now waiting for news to drive its price. Of… pic.twitter.com/FNz70GuSoO
— Kim H Wong (@Time_and_Trade) March 19, 2025
A notable development is a US real estate firm accepting Pi as payment. This type of adoption could help drive mainstream use of the token beyond speculation.
Pi Network has also launched domain auctions within its ecosystem. These .Pi domains can serve as digital addresses for Pi-based websites and services.
The domain auction process has an added benefit for token holders. It reduces Pi’s circulating supply, which could potentially increase its value over time.
Security improvements have also been announced recently. The Pi Network team introduced two-factor authentication (2FA) for users, which should provide better security during the migration to mainnet.
Community Growth and Exchange Challenges
Despite these positive developments, some investors remain cautious. A major token unlock is scheduled for March 21, when 21.2 million Pi tokens (worth about $42.39 million) will be released.
This unlock might put downward pressure on Pi’s price. When more tokens enter circulation, prices often drop if demand doesn’t keep pace with the increased supply.
Pi Network Price on CoinGeckoLooking further ahead, a total of 1.6 billion Pi tokens are scheduled to unlock over the next 12 months. This represents approximately $1.88 billion at current prices.
The Pi Network community has grown impressively. The project now boasts nearly 70 million registered users, with 20 million identity-verified participants called “Pioneers.”
Pi’s social media presence has also expanded rapidly. The project’s X (formerly Twitter) account has reached 4.3 million followers, approaching the follower count of Dogecoin, one of the most popular cryptocurrencies.
Community sentiment about Pi shows mixed signals across platforms. While some rating sites show strong positive sentiment, others display more negative views.
A recent controversy emerged when Pi Network’s community sentiment poll on CoinMarketCap dropped by 90% in a single day. This led to allegations of bot manipulation from Pi supporters.
The poll attracted over 1.94 million votes, more than Bitcoin’s poll on the same platform. This unusual activity raised suspicions within the Pi community.
Pi supporters noted that other platforms with similar voting systems maintained positive ratings for Pi. This discrepancy fueled theories about targeted manipulation on CoinMarketCap.
Something is very wrong with this @CoinMarketCap's $PI community sentiment.
In just one day it dropped from 90$ to below 10%.
There is no way that can happen organically.
We will attack tomorrow. $PI community is too big to mess with. #PiNetwork pic.twitter.com/jt9zsltX34
— MOON JEFF 🪐 (@CRYPTOAD00) March 19, 2025
The Pi community has previously engaged in coordinated voting activities. After criticism from Bybit’s CEO, Pi supporters left negative reviews for the Bybit app in retaliation.
Pi Network was recently excluded from Binance’s “Vote to List” program. The exclusion disappointed many Pi enthusiasts who had hoped for a listing on the world’s largest crypto exchange.
Binance’s program requires tokens to be hosted on the BNB Smart Chain network. Pi Network operates on its own blockchain, making it ineligible for this particular listing initiative.
Despite this setback, Pi has performed well on other exchanges. The token has shown strong trading volume on platforms like OKX, Bitget, and Gate.io.
Since February 20, Pi has seen an impressive price rise of over 1,120%. However, it still trades about 157% below its all-time high.
Experts suggest that a potential Binance listing could drive Pi to new price heights. Many in the Pi community remain hopeful that such a listing will happen in the future.
Recent price analysis suggests Pi could potentially rally to $3.14 if certain conditions are met. These include a token burn mechanism, new exchange listings, and the launch of a Pi ETF.
However, without major catalysts, the upcoming token unlocks may continue to put pressure on Pi’s price. The increased supply could outweigh demand in the short term.
The token has moved between $1.20 and $1.12 over the past 24 hours. This relatively narrow range suggests some price stabilization despite the weekly decline of 31%.
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