Pi Network’s Mainnet Launch and Price Crash

Pi Network, a mobile mining project running for over six years, officially launched its mainnet on major exchanges like OKX and Biget. However, despite this milestone, Pi token price saw a near-total collapse within hours of its debut. Initially trading at $35 before listing, PI Coin briefly spiked to $200 before crashing to $0.90 due to massive sell-offs by early investors. Will Binance listing spark the price?

This sudden price decline has left many investors panicked, questioning the token’s sustainability and future growth potential. Data from CoinMarketCap indicates that PI is now trading at $0.90 with a trading volume of $35.75 million.

Challenges Facing Pi Network

Despite its record-breaking airdrop, Pi Network faces multiple challenges:

• Regulatory scrutiny: Authorities continue to assess Pi Network’s compliance with financial laws.
• Mining model skepticism: Some experts doubt the long-term viability of its mobile mining approach.
• Market volatility: Many Pi holders are new to crypto, making price stability uncertain.
• Comparison to failed projects: Similar projects like Hamster Kombat collapsed, raising concerns about Pi’s future.

PI Coin Price Analysis

Massive Sell-Off and RSI Indicator

A 4-hour price chart of PI/USDT on BitMart confirms a significant drop from $200 to $0.90. The Relative Strength Index (RSI) is currently at 20.52, indicating an oversold condition. If buyers step in, PI may see a short-term rebound.

MACD Shows Bearish Momentum

The MACD (Moving Average Convergence Divergence) indicator reveals a deepening bearish crossover. The MACD line remains below the signal line, suggesting continued selling pressure.

Binance Community Vote: Will PI Coin Get Listed?

Binance has opened a community vote to decide if Pi Coin should be listed. To take part, users need to have at least $5 in their accounts. If Pi Coin gets listed, it could greatly improve its liquidity and credibility, giving it a major boost.

Pi Coin Price Prediction: Can It Recover?

With Pi Network’s future uncertain, three possible scenarios could play out:

Bullish Scenario

If Binance lists PI and demand surges, its price could rise to $50-$100 in the short term. In an extreme bullish cycle, it might even reach $500.

Bearish Scenario

If selling pressure continues, PI could fall below $1. A lack of positive catalysts and fading interest may drive further declines.

Neutral Scenario

PI may stabilize between $5-$10 as market conditions adjust and new investors enter the ecosystem.

Final Thoughts

Pi Network’s mainnet launch was a significant step forward, but its price crash has raised serious concerns. While a Binance listing could trigger a price recovery, sustainability depends on real-world adoption and investor confidence. The next few months will be crucial in determining whether Pi Network can fulfill its long-term vision or fade