Crypto market analysts remain divided, with bearish sentiment prevailing as the Pi Network price dips below the $1.50 support.
By Bhushan Akolkar
Updated
3 mins read
The Pi Network price has come under strong selling pressure dropping another 8% today and slipping to $1.35 levels. The native cryptocurrency Pi Coin’s action over the past weekend has wiped off its weekly gains after dropping 20% from its peak of $1.70.
As Pi Network continues to draw significant attention, market analysts remain divided over the next trajectory for Pi Coin from here onwards. The altcoin has corrected a good 10% from its crucial support of $1.50 giving the bears an upper hand at the moment.
Source: bravenewcoin.com
On the downside, there’s a possibility that the Pi Network price could drop to $1.20 before resuming any uptrend.
Crypto market experts believe the volatility in Pi Coin’s price may continue, as an additional 129 million Pi Coin, valued at $175 million, will be released into the market this month, according to PiScan data. Plus, the excitement surrounding the Pi Network listing on Binance has been waning.
Previously, the community expected the Binance listing to happen on March 14, celebrated as “Pi Day.” However, there was no announcement from the exchange regarding this. The absence of confirmation from Binance has dampened investor sentiment, leaving the Pi community speculating about the token’s future listing prospects.
The future of Pi Network’s price hangs in the balance as the market sends mixed signals. While the upcoming token unlock raises concerns about a potential price decline, growing adoption and optimistic forecasts from analysts suggest the possibility of a recovery.
Over the last weekend, Pi Network launched Pi Domains with the goal of expanding its footprint in the market. Nicolas Kokkalis, Pi Founder and Head of Technology, compared .pi domains to the traditional internet domain system, highlighting their potential to revolutionize the digital landscape in a similar manner.
“Just as traditional domains shaped the internet, we know today .pi domains can transform how we connect, interact, and build within our digital space and beyond,” Kokkalis said.
Kokkalis added that the .pi domains provide an important infrastructure layer within the Pi ecosystem. The domains are offered exclusively via a blockchain-based auction, allowing users to bid with Pi Coin (PI) to claim their unique digital addresses. The auction is open from March 14, 2025, to June 28, 2025.
Some community members have expressed concerns regarding the practical application of the .pi domains that operate entirely within the Pi blockchain environment. This means users won’t be able to access them using conventional browsers and must rely on Pi browsers itself.
A user on Reddit raised concerns that .pi domains function more like an address or user account within a closed network. This raises significant questions around governance, security, access, routing, encryption, packet snooping, legal oversight, consumer rights, and autonomy.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.