Pi Network (PI) Price Plunges 40% in a Week, Could a Coinbase Listing Be Its Saving Grace?

Jakarta, Pintu News—The Pi Network (PI) cryptocurrency is facing tremendous pressure after losing more than 15% of its value in just a day. This correction extends the weekly decline to more than 40%, making the current price hover around $0.55 or 9,196 IDR.

With the community now reaching 60 million users, panic was widespread, and one hope that was still clung to was the possibility of listing on Coinbase. But is that hope realistic in the near future?

Listing on Coinbase is the last hope?

Pi Network captured the cryptocurrency world’s attention earlier this year, and its popularity exploded worldwide. However, the reality is not as sweet as the hype. Pi Coin (PI) has yet to make it onto major crypto exchanges like Binance, much to the dismay of many investors.

Now, the community’s eyes are turning to Coinbase, especially after Coinbase’s Chief Legal Officer, Paul Grewal, posted the Pi logo on Pi Day, March 14.

Coinbase is known to select crypto assets based on strong community support. With over 60 million users, Pi Network has the potential to be on their radar.

According to Coinpedia, if the listing does happen, the domino effect could include increased trading volume and a price push back to the $1 level. Unfortunately, there has been no official confirmation yet, and the market is still uncertain.

Read also: National Cryptocurrency Association Survey: 21% of US Citizens Now Use Crypto!

Another Strategy: Is Burning Tokens a Solution?

In addition to hoping for a listing on Coinbase, some community members voiced the option of burning tokens to reduce supply and stabilize prices.

Token burning is the process of removing some coins from circulation, which usually positively impacts the price in the long run. Other crypto projects have used this strategy to spark market interest again.

With the price of PI falling drastically, many users are starting to lose faith and are considering leaving the ecosystem. Without concrete action from the development team, Pi Network risks losing the momentum and community base it has built over the years. Token burning could be a strong signal that the team is serious about keeping the project sustainable.

Read also: Pay for Franchise with Bitcoin (BTC)? FAT Brands Officially Accepts Crypto Payments!

Price Analysis: Potential Deeper or Rebound?

Since its initial launch, the price of Pi Coin has plummeted by around 72%, from $2 (33,440 IDR) to its current level of around $0.51 (8,527 IDR).

Technically, the RSI indicator shows PI in the oversold zone with a value of 29, signaling that the selling pressure has been extreme. Even so, the MACD indicator is still in negative territory, indicating that sellers still control the market.

If PI fails to break the resistance level at $0.60 (10,032 IDR) again, analysts predict the next closest support will be $0.40 (6,688 IDR).

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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:

• Coinpedia. Pi Network Panic: Can a Coinbase Listing Save PI Coin from More Losses? Accessed April 6, 2025.
• Featured Image: Ebizmba