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Cryptocurrency News Articles

You Can Love It, You Can Hate It, But You Simply Cannot Ignore Pi Coin

May 09, 2025 at 07:20 pm

Pi cryptocurrency, the native token of Pi Network, has been in the news ever since the buzz started about its mainnet launch in 2024

You Can Love It, You Can Hate It, But You Simply Cannot Ignore Pi Coin

You can love it, you can hate it, but you simply cannot ignore Pi coin (PI). The cryptocurrency, native to the Pi Network, has been in the news ever since the buzz started about its mainnet launch in 2024.

By the time the mainnet was launched on February 20 of this year, with Pi coins getting listed on decentralized exchanges (DEX), the network had already amassed over 60 million active users worldwide.

The network’s cult-like following among “pioneers” has turned Pi coin into one of the most watched tokens on coin aggregator platforms. Hardcore Pi fans hold a deep belief that the token will one day transform their fortunes. Some speculate its price will touch $100 in 2025, while some believe that it will reach the astronomical heights of $314,159, the “true potential” of the coin, also known as “global consensus value” (GCV).

Is Pi Coin’s $314,159 GCV Value A Real Possibility Or Just Hype?

Pi coin is currently trading at $0.74 with a 20% surge in the last 24 hours.

But the million-dollar question remains: does the Pi coin really hold potential, or is it just another daydreamer’s coin?

Well, if you have the same doubts, then you are in the right place. In this article, we will explore the possibilities and potential of PI coin in 2025 and beyond.

Note that cryptocurrencies are highly volatile, and this article does not provide financial advice. You should only invest in cryptocurrencies after conducting thorough due diligence and research.

Now, let’s take a glimpse of its rollercoaster journey of Pi coin, where it rose with extraordinary support, but its price failed to keep up. So, let’s dive right in.

Pi Coin Recap

Launched in 2019 by a team of Stanford graduates, Pi Network set out to democratize cryptocurrency by enabling users to mine Pi Coins using a mobile app without needing energy-intensive hardware. This user-friendly approach drew in millions of users globally, forming a community of over 35 million “Pioneers.” The network moved to its open mainnet in February 2025, a significant step allowing Pi Coins to be traded on exchanges like BitMart and HTX.

However, the journey wasn’t smooth sailing. As the mainnet launched, the hype reached new highs, and the Pi price peaked at $3. But with the mainnet rolling out, the hype began to cool down. It faced enormous selling pressure from early miners cashing out and a lack of immediate utility, leading to a sharp decline in the token’s price.

Its price crashed dramatically and broke below the $1 level as it experienced an 80% decline from its peak.

Nevertheless, the Pi team managed to turn the tables around by introducing an impressive buyback strategy, which halted the token’s downtrend. According to reports, the foundation has been countering the influx of unlocked tokens entering exchanges to stabilize the price.

This action led the token’s price to enter a consolidation phase for 33 days before witnessing a substantial surge. The strategy successfully attracted buyers and enabled the price to break above the 50-day ($0.6119) and 200-day ($0.6881) EMA levels on the 4-hour time frame.

At the time of writing, the Pi coin price was at $0.7663 with an intraday surge of 22.82%. Its daily trading volume increased by 102.86%, showing more buying and selling activity.

Moreover, the current circulating supply stands at 7.04 billion Pi, and its market cap is $5.41 billion.

Despite these bullish moves, Pi will need more buyer support and a good catalyst to break its all-time-high price. According to CMC data, the token is currently 74% below its ATH price of $2.98.

The Possibility Of Pi Price In 2025 And Beyond

The hype surrounding Pi Network reached new highs during the mainnet launch. Due to the immense hype, the Pi price reached a high of approximately $3.00.

However, as the mainnet launch concluded, the hype faded away. It faced heavy selling pressure from early miners cashing out and a lack of immediate utility, leading to a sharp decline. Its price crashed dramatically and broke below the $1 level. It experienced an 80% decline from its peak.

Nevertheless, the Pi team managed to turn the tables around by introducing an impressive buyback strategy, which halted the token’s downtrend. According to reports, the foundation has been countering the influx of unlocked tokens entering exchanges to stabilize the price

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on May 10, 2025