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Cryptocurrency News Articles
Pi Coin Price Has Slipped Nearly 15% Today to $0.6
Apr 16, 2025 at 08:11 pm
Pi Network's "slow" growth is a strategic move by the team. Besides, another expert has recently revealed key reasons behind the crypto's recent fall, while predicting when the crypto's price can start recovering.
Pi Coin (PI) price slipped nearly 15% today to $0.6 as the crypto faced strong selling pressure. However, the Pi Community appears to have remained optimistic about the future trajectory of the coin. A renowned figure from the community said that the Pi Network’s “slow” growth is a strategic move by the team.
Meanwhile, another expert has recently revealed key reasons behind the crypto’s recent fall, while predicting when the crypto’s price can start recovering.
Pi Coin Price Slips 15%: Here’s Why
Pi price slipped more than 14% in the past 24 hours and fell to $0.62, while its one-day volume rose more than 25% to $292.75 million.
The crypto fell from its 24-hour high of $0.736, reflecting the highly volatile scenario in the crypto market today.
The available circulating supply on centralized exchanges grew from 354 million Pi to 368 million Pi in a few days, while the overall circulating supply reached 6.88 billion Pi.
Dr Altcoin predicts the price may drop to $0.3 or lower in the coming months due to weaker demand. A recent Pi Network price prediction by him hints that the crypto might hover near the $0.63 level through April.
However, a healthy rebound is expected from August 2025 when the rate of Pi unlocking declines.
Factors that could stabilize or boost its price include more KYB-approved CEXs expanding into restricted markets, institutional buyers absorbing excess supply, and major updates from the Pi Core Team increasing demand. Companies like BANXA buying Pi Coin directly from CEXs could also help.
Community Lauds ‘Slow’ Network Growth
As said earlier, the Pi Coin enthusiasts remain optimistic despite the recent dip. Notably, the Pi community is rallying behind the project’s slow and deliberate growth.
Tanner, a well-known enthusiast and miner, highlights the strategic approach of the Pi Network, which is setting it up for long-term success. While some may view the project’s pace as a weakness, Tanner argues that it’s a sign of the project’s commitment to building a real economy, rather than just focusing on price charts.
With over 70 million users and 25 million KYC-verified individuals, the Pi Network has prioritized creating a robust ecosystem, including a mobile-first crypto layer, a fork of Stellar’s SCP protocol, and a full KYC framework. The project’s phased launch approach is designed to prevent early market manipulation, stabilize liquidity, and align demand with real utility.
Moreover, the project has launched several products and services, such as Pi Chain Mall for e-commerce, an NFT platform, and a decentralized finance (DeFi) service. These products and services are designed to provide users with new ways to use Pi and create value.
The project’s focus on utility and real-world adoption sets it apart from other projects in the crypto sphere.
Tanner adds that the Pi Economy is already live, and the project’s utility-first approach is expected to drive long-term growth.
In addition, the Pi community is encouraged to take action, such as running nodes, building with the SDK, and onboarding merchants, to contribute to the project’s momentum.
With its risk-managed innovation and focus on durable growth, the Pi Network is positioning itself for success in the long term.
Disclaimer:info@kdj.com
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