{"id":55672,"date":"2025-03-31T10:32:29","date_gmt":"2025-03-31T10:32:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=55672"},"modified":"2025-03-31T10:32:29","modified_gmt":"2025-03-31T10:32:29","slug":"pi-network-pi-plummets-by-70-monthly-will-this-be-the-lifeline-that-saves-it","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=55672","title":{"rendered":"Pi Network (PI) Plummets by 70% Monthly: Will This Be the Lifeline That Saves It?"},"content":{"rendered":"

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

PI crashed below $0.70 for the first time since late February.<\/span>
\nOne community member believes Pi Network\u2019s team has done a poor job after the launch of Open Network, recommending hiring more people to solve some of the issues.<\/p>\n

<\/a><\/span><\/h2>\n

What Can Put the Brakes on the Collapse?<\/h2>\n

The cryptocurrency market witnessed substantial volatility in the past month, with numerous leading digital assets registering significant declines. Among the biggest losers is PI \u2013 the native token of the controversial crypto project Pi Network.<\/span><\/p>\n

A few hours ago, its price tumbled below $0.70, representing an 11% daily decrease and a whopping 70% crash in the past 30 days.
\n<\/span><\/p>\n

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

The freefall has triggered some frustration across the community, with some industry participants criticizing the team behind the project and giving some ideas on what could provide the price its much-needed boost.\u00a0<\/span><\/p>\n

One X user with over 130,000 followers on X <\/span>opined<\/span><\/a> that Pi Network \u201cis probably in its most difficult situation since the start of the project in 2019.\u201d They claimed the Core Team seems unprepared for the amount of work, responsibility, and tasks that an Open Mainnet brings <\/span>with it<\/span>.\u00a0<\/span><\/p>\n

\u201cThat\u2019s why their announcements are <\/span>totally<\/span> off, don\u2019t represent the real situation, new features don\u2019t work as planned, and the community feels let down,\u201d the X user added.<\/span><\/p>\n

They suggested that Pi Network\u2019s team needs to hire more people, decentralize the native token, and give developers more freedom to develop on the network \u201cas they wish.\u201d\u00a0<\/span><\/p>\n

Another essential factor that may positively impact PI\u2019s valuation is additional support from leading cryptocurrency exchanges. Over the past several weeks, rumors have increased that Binance would allow trading services with the asset. <\/span><\/p>\n

The company <\/span>issued<\/span><\/a> a vote <\/span>last month<\/span> to check whether its users want to see the PI listed on the platform.<\/span> Over 86% of the voters clicked the \u201cyes\u201d option, but the exchange <\/span>remains<\/span> silent <\/span>on the matter<\/span>.<\/span><\/p>\n

The well-known trading venues <\/span>that have<\/span> already embraced PI include Bitget, Gate.io, OKX, MEXC Global, <\/span>CoinEx<\/span><\/a>, and others.\u00a0<\/span><\/p>\n

Pump After This Level?<\/span><\/h2>\n

Not long ago, the X user MOON JEFF <\/span>predicted<\/span><\/a> that PI\u2019s price could continue its plunge to as low as $0.60, labeling it as \u201cthe only support left.\u201d However, the analyst expects a massive resurgence to a new all-time high of $5 should this bottom be indeed reached.\u00a0<\/span><\/p>\n

Most recently, MOON JEFF urged people to buy PI at the $0.50-$0.60 range, describing it as the \u201caccumulation zone.\u201d<\/span><\/p>\n

Buy $PI<\/a> at $0.5-0.6 range.<\/p>\n

Many people have their orders around the range ready to buy.
\nThis will be the $PI<\/a> accumulation zone. .
\nIf you have coins don\u2019t sell cheap. #PiNetwork<\/a> pic.twitter.com\/RAfGv5DK4O<\/a><\/p>\n

\u2014 MOON JEFF (@CRYPTOAD00) March 31, 2025<\/a><\/p>\n\n

The post Pi Network (PI) Plummets by 70% Monthly: Will This Be the Lifeline That Saves It?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI crashed below $0.70 for the first time since late February. One community member believes Pi Network\u2019s team has done a poor job after the launch of Open Network, recommending hiring more people to solve some of the issues. What Can Put the Brakes on the Collapse? The cryptocurrency market witnessed substantial volatility in […]<\/p>\n","protected":false},"author":0,"featured_media":55673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55672","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\/55672"}],"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=55672"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/55672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/55673"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}