{"id":49185,"date":"2025-03-03T14:37:15","date_gmt":"2025-03-03T14:37:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49185"},"modified":"2025-03-03T14:37:15","modified_gmt":"2025-03-03T14:37:15","slug":"why-is-the-pi-network-pi-price-down-40-in-the-past-4-days","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49185","title":{"rendered":"Why Is the Pi Network (PI) Price Down 40% in the Past 4 Days?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

PI dropped from nearly $3 to $1.72, possibly due to Binance\u2019s inaction despite 86% community support for a listing.<\/p>\n

Some predict a rally above $4, while extreme targets like $314.159 seem unrealistic given PI\u2019s massive required market cap.<\/p>\n

<\/a><\/p>\n

PI Heads South<\/h2>\n

The native token of Pi Network<\/span> saw<\/span> the light of day on February 20, almost six years after the <\/span>birth of the project<\/span>.<\/span> The asset was at the forefront of gains during its first trading days, <\/span>rising<\/span><\/a> to <\/span>almost<\/span> $3 on February 27.\u00a0<\/span><\/p>\n

Since then, though, PI has been <\/span>on a substantial decline<\/span>, reaching a local bottom of $1.52 on March 2 and currently standing at around $1.72 (per CoinMarketCap\u2019s data).
\n<\/span><\/p>\n

<\/a>PI Price, Source: CoinMarketCap<\/p>\n

One possible factor contributing to the asset\u2019s poor performance <\/span>lately<\/span> could be Binance\u2019s intervention, or more precisely, its lack of action. In February, the biggest crypto exchange <\/span>held a community vote<\/span><\/a> to determine whether its users would want to see PI available for trading. The results became official on February 27, with over 86% of the voters clicking the \u201cyes\u201d option.\u00a0<\/span><\/p>\n

Despite the overwhelming support, Binance has remained silent on the matter, and PI is not currently <\/span>available on the platform.<\/span>\u00a0<\/span><\/p>\n

A potential listing would increase the token\u2019s liquidity and accessibility and might create upward pressure on the valuation. Some <\/span>of the<\/span> leading crypto exchanges that have already <\/span>allowed<\/span><\/a> trading services with PI include Bitget, OKX, and MEXC.\u00a0<\/span><\/p>\n

What Might be Next?<\/span><\/h2>\n

Contrary to the recent price decrease, many industry participants remain optimistic that the coin\u2019s valuation could soar to impressive levels <\/span>in the near future<\/span>. The X user GEM HUNTER <\/span>assumed<\/span><\/a> that a breakout above $1.85 could trigger a price rally to above $4.\u00a0<\/span><\/p>\n

Prior to<\/span> that, some community members <\/span>envisioned<\/span><\/a> a spike to $3.14 and even $314.159 \u2013 numbers symbolically linked to \u03c0 (Pi) \u2248 3.14159.\u00a0<\/span><\/p>\n

It is worth mentioning that the second target would require PI\u2019s market cap to explode above $2 trillion (assuming the circulating supply is the 6.8 billion coins stated by CoinMarketCap). The current capitalization of the <\/span>entire<\/span> cryptocurrency market is roughly 3.15 trillion, making the forecast highly implausible.\u00a0<\/span><\/p>\n

The post Why Is the Pi Network (PI) Price Down 40% in the Past 4 Days?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI dropped from nearly $3 to $1.72, possibly due to Binance\u2019s inaction despite 86% community support for a listing. Some predict a rally above $4, while extreme targets like $314.159 seem unrealistic given PI\u2019s massive required market cap. PI Heads South The native token of Pi Network saw the light of day on February […]<\/p>\n","protected":false},"author":0,"featured_media":49186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49185"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49185"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49186"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}