Pi Network Under Fire: Is Pi Coin Stuck at $0.60 for the Rest of April?

Jakarta, Pintu News – Pi Network (PI) seems to be losing momentum as the price of Pi Coin continues to fall, pressured again by the sell-off and now slipping to below $0.70. PI trading activity within its ecosystem has also decreased, signaling that investor enthusiasm is starting to fade.

In addition, the PI token unlocking process that has taken place in recent weeks has also worsened market sentiment towards the project.

Pi Network Faces Criticism Despite Announcing PiFest

As of April 2, 2025, the Pi Network core team announced that the inaugural PiFest on the Open Network set participation records, with more than 125,000 registered sellers-including 58,000 active sellers-and 1.8 million Pioneers using the Map of Pi feature, while highlighting how Pi is starting to show real-world utility.

Read also: Pi Network Price Analysis and Prediction: Can Pi Coin Recover and Rise to $3?

However, the reaction from the community was the opposite. Responding to the reality of PiFest, community leader Dr. Altcoin said,

“Since PiFest started, Pi trading activity in the ecosystem has hit rock bottom. The only trading that happens is buying and selling Pi for cash.”

He also criticized Pi’s core team, saying that the co-founders seemed to “not understand the real conditions that the community experiences on a daily basis.”

Other criticisms have also come regarding the Pi Core team’s communication style, which has been stagnant since the enclosed mainnet phase. Accounts such as Dao World felt that the monthly updates were too predictable and not strong enough to keep a large community engaged.

Now, many community members are calling for more transparency in communication, and some are even pushing for a new leader who truly understands the crypto world.

On the other hand, concerns over fraud allegations directed at the Pi team still persist. In fact, Ben Zhou, founder of Bybit, once stated that the reason his exchange does not plan to list Pi Coin is because of the negative issues related to this project.

Pi Network Lowered Base Mining Rate by 1.18% This Month

Pi Network’s base mining rate has decreased by 1.18% again this month, and now stands at 0.0029030 π per hour. This adjustment continues the gradual downward trend in mining rates that has been part of the Pi network’s mechanics since its inception.

Some community members speculate that the declining interest in mining activities could be related to Pi Coin’s low trading value in the current market.

Although rumors of Pi Network listing on major exchanges such as Binance and Coinbase continue to circulate, until now there has been no real realization.

Meanwhile, the BTCC exchange did announce the addition of Pi for spot trading, but the move was unable to push the price of Pi Coin up significantly.

Read also: 4 Cryptos that Traders are Eyeing in April 2025!

Where is Pi Coin Price Headed Next?

In the last seven days, Pi Coin’s price has plummeted by 20%, with the next crucial support level at $0.60. This sharp correction below $0.70 was also accompanied by heavy selling pressure, reflected by daily trading volumes that fell 52% to $148 million.

As of April 2, 2025, Pi Network is forming a classic technical pattern known as a falling wedge, and is testing its lower limit around $0.687.

If there is a confirmed breakout with volume above the $0.71-$0.72 range, this could be a bullish signal pushing the price up towards the resistance area at $0.75 to $0.78.

Some market analysts still hold out hope that the Pi price could reverse course and reach $3 or more in the long term. However, Pi’s price predictions for April expect its exchange rate to remain below $0.60.

On the other hand, developments related to Donald Trump’s trade tariff plans could also have an impact on Pi Coin’s price, especially if the overall crypto market – led by Bitcoin – experiences a major correction.

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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:

• Coingape. Is Pi Coin Price Heading to Zero As Pi Network Faces Community Backlash? Accessed on April 4, 2025