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Cryptocurrency News Articles

The Pi Network Has Been a Unique Presence in Crypto

Apr 12, 2025 at 06:00 pm

It started with mobile mining accessibility, building a massive user base. But for all the early hype, Pi Coin has struggled to translate

The Pi Network Has Been a Unique Presence in Crypto

The Pi Network has been a unique presence in crypto, starting with mobile mining accessibility and building a massive user base. But for all the early hype, Pi Coin has struggled to translate attention into sustained value.

Now, a token burn strategy could offer hope as investors and traders are debating whether this move will finally push the PI price toward long-term gains—or if excitement will fizzle once again. And as the market shifts its focus to tokens with utility, projects like Remittix are gaining momentum for their real-world use in crypto-to-fiat payments.

Price Action: What The Charts Say About Pi Coin

According to CoinMarketCap, PI is currently trading at $0.6002, with a 24-hour trading volume of $158,035,555. On the 1-hour chart, analysts have observed a sharp decline followed by tight consolidation.

The price bounced off the $0.43–$0.46 support range before a quick spike above $0.75, only to pull back again. The immediate resistance is at $0.60, while the support is at $0.55. The Relative Strength Index (RSI) stands at 57.06, indicating mild bullish momentum. However, the DE MACD (12, 26, 9) shows conflicting signals, suggesting short-term indecision.

As noted in Coinfomania’s analysis, the Pi Network price is juggling between bullish potential and persistent hesitation. The question remains: will the coin break above $0.60, signaling a continuation of the upward trend, or will it fall below $0.55, indicating a continuation of the downward trend?

If the price breaks above $0.60, it may continue towards the next resistance levels at $0.65 and $0.70. However, if the price breaks below $0.55, it may continue towards the next support levels at $0.50 and $0.45.

However, with no major exchange listings, these technical patterns might be fragile.

Burning tokens is a common way to create scarcity, and the Pi Network is hoping to tap into that trend. Billions of tokens were minted early on, and this oversupply has been one of Pi’s biggest challenges. By reducing the total supply, the team hopes to regain momentum and restore faith in the coin’s long-term potential.

Some proposals include periodic burns based on transaction volume or community participation. If executed well, these could embed deflationary pressure into the system. But with Pi still lacking major listings and liquidity, the impact may be limited in the short run.

Remittix Is Outpacing Pi With Real-World Use

In the broader crypto scene, investors are showing a preference for projects that offer immediate utility, especially as meme coins and AI tokens are seeing billions wiped off their valuations.

One such project that is quickly gaining momentum is Remittix, a payment-focused solution designed to simplify cross-border transactions by making crypto-to-fiat conversion seamless and instant. This utility is now proving especially valuable in a market where hype isn’t enough to sustain long-term interest.

Remittix is currently priced at $0.0734 and has already raised over $14.4 million in presale funds, with more than 527 million tokens sold. Unlike projects stuck in concept stages, Remittix has real traction thanks to its practical PayFi framework.

This project has grown largely on the back of retail support, which has helped it thrive while others have faltered.

What makes Remittix different is its focus on real-world payments. Instead of relying on speculation or hype, Remittix addresses one of the crypto industry’s biggest bottlenecks—converting digital assets into usable, spendable fiat in seconds. This is the kind of innovation investors are increasingly seeking as the market matures.

For example, consider the scenario of an Eastern Europe tour operator selling custom tour packages to foreign buyers, accepting payment in crypto. In the past, this would involve undue delays, high costs and volatile exchange rates when converting crypto to fiat for paying suppliers, vendors and workers.

Remittix makes it possible for payments to be received in crypto form and immediately converted into local currency so that the tour operator can make payments to suppliers, vendors and workers without any hassle.

This kind of streamlined financial flow is what positions Remittix ahead of other altcoins stuck in speculative limbo. In an environment where meme coins and AI tokens are seeing billions wiped off their valuations, Remittix is drawing praise for staying grounded in usability and simplicity. Its steady rise proves there’s still strong demand for tokens that offer everyday functionality.

Could Pi Still Surprise The Market?

Pi's loyal community remains a key strength. If the token burn succeeds and the project finally secures major listings, Pi

Original source:coincentral

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