Pi Coin Plunges 9%, How Much is Pi Network Worth in Rupiah Today? (3/18)

Jakarta, Pintu News – The Pi Network (PI) Coin has taken a sharp 9% hit in the past 24 hours, mirroring the broader downturn in the crypto market. Currently, Pi Coin is trading at $1.26, sliding down from today’s high of $1.41.

The sell-off pressure is evident, with trading volume remaining high, signaling a wave of liquidations. As market volatility continues, how much is Pi Coin worth in Rupiah today, March 18, 2025? Find out the latest updates below!

Pi Network Price Drops 9.8% in 24 Hours

On March 18, 2025, the price of Pi Network (PI) recorded a decrease of 9.8% in the last 24 hours, with the price of PI coin around $1.26. If converted to rupiah at the current rate, which is $1 = IDR 16,406, the price of Pi Network to rupiah is around IDR 20,671.

Read also: 3 Cryptos that Traders Are Watching in the Third Week of March: Big Trend on the Horizon?

Despite the significant correction, Pi Network’s market cap still stands at $8.68 billion, with a fully diluted valuation of $13.36 billion. Trading volume in the last 24 hours was recorded at $340 million, indicating that despite the price decline, market activity remains high.

In terms of supply, Pi Network has a circulation of 6.89 billion coins, with a total supply of 10.6 billion and a maximum planned supply of 100 billion coins.

KYC Migration Issues Affecting Pi Network Market

According to Brave New Coin (3/17/25), the recent Pi Network coin price drop coincided with the KYC verification deadline on March 14, 2025. Pi miners who failed to complete the KYC process lost their tokens, which impacted the value of the Pi crypto and caused the Pi Network price to drop 8.5% today.

Social media posts indicate that the forfeited portion of the token is starting to take effect, with many Pioneers losing large amounts of Pi, including one user who lost 10,000 Pi.

Some see the burning of unverified tokens as a deflationary measure that could support the value of Pi Coin in the long run. However, there are also those who argue that the handling of the migration to the Pi mainnet has caused market uncertainty.

According to Pi Network’s latest news, users who successfully completed the KYC process can now transfer their tokens to the Pi wallet and participate in Pi Network trading.

Pi Network (PI) Coin Price Analysis: Key Support and Resistance Levels

On March 17, 2025, the price of Pi Coin was hovering around $1.46, still below the psychologically important $1.50 level. Experts state that sustained trading above this level is essential to trigger a rally towards $2.

Read also: Potential Pi Network Price Recovery to $2: .pi Domain Buzz a Catalyst?

If Pi Coin fails to hold this support, the price could continue to decline with a key support level around $1.20.

Technical signals show mixed indications. The Relative Strength Index (RSI) stands at 40, reflecting weak bearish momentum. In addition, Pi Coin’s 1-hour chart shows a symmetrical triangle pattern, indicating a consolidation phase.

If buying pressure increases, Pi Coin purchase orders could push the price towards the resistance level at $2, and even up to $3.

However, if the price drops below the lower trendline, there will most likely be a massive sell-off that could drag the value of Pi Coin to $1.20 or lower.

Speculation of Pi Network Listing on Binance Adds to Volatility

One of the main factors causing Pi Coin’s price volatility is speculation regarding the possible listing of Pi Network on Binance.

Although there are rumors that Pi Coin will be listed on major exchanges such as Binance and Coinbase, as of now there is no official confirmation from Pi Network’s exchange partners.

Speculation about listing on Binance is fueled by strong support from the community, but mixed market sentiment and Binance’s cautious approach are still deciding factors.

If Pi Coin is officially listed on Binance, this could trigger a significant price spike, potentially pushing the Pi price above $2.

However, in the absence of official news, market sentiment towards Pi Network remains uncertain, causing some investors to choose to sell Pi Coin to avoid further losses.

Increased Adoption and Real-World Use Boosts Trust

Although the price of Pi Coin had experienced a drop, its value is starting to show growth in the real world.

Read also: Pi Network Price Prediction March 2025: Can Pi Coin Rebound from $1.50 or Fall Further?

In China, businesses, ranging from restaurants to retail stores, are increasingly accepting Pi Coin as a payment method. This trend highlights the usefulness of Pi Network as a decentralized payment system and has the potential to sustain Pi Coin’s market momentum in the long run.

In addition, Pi mining remains in demand by new users, while millions continue to be active in the Pi Network ecosystem through the Pi Network Wallet.

This growing user base could increase demand for Pi Coin on crypto exchanges in the future and contribute to price increases.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Brave New Coin. Pi Network Price Prediction: Will Pi Rebound from $1.50 Slump or Face Further Decline? Accessed on March 18, 2025