Before Pi Network community insults us about a new content where we will explain a few reasons on why Pi Coin should be avoided for now, hear us out – we are, as crypto analysts and journalists, writing about what we see about the project right now and market sentiment.
We’ll also offer a potential Pi Coin alternative as top cryptos to buy now, but let’s first focus on what we see around one of the hottest topics in crypto for the last month or so.
Pi Coin price is down 7% in the last 24 hours underperforming major cryptos like BTC or ETH and it’s now trading around $1.39.
Here are 3 reasons why Pi Coin could potentially be off your radar for the time being.
What you'll learn 👉
Technical Indicators Point to Bearish Momentum
Reason 1 – technicals ‘scream’ bearish sign:
RSI is 37 on a daily chart – This is below the midpoint of 50, indicating that Pi Coin is losing momentum. When the Relative Strength Index falls below 40, it suggests bearish sentiment is growing among traders. However, it’s not yet in oversold territory (below 30), which means there could be more downside ahead.
STOCHRSI(14) is 99 – The Stochastic RSI is extremely overbought at 99. This indicates that despite the general downtrend, Pi Coin may be experiencing a temporary bounce that’s likely unsustainable. When this indicator is this high, a reversal to the downside often follows.
ROC is -15.655 – The Rate of Change indicator is deeply negative, showing that Pi Coin’s momentum is falling sharply. This measures the percentage change in price over a specific period, and a negative value of this magnitude indicates strong selling pressure over recent trading sessions.
CCI(14) is -94.26 – The Commodity Channel Index is approaching oversold territory. When CCI falls below -100, it suggests the asset is oversold. At -94.26, Pi Coin is very close to this threshold, indicating bearish momentum is strong but a temporary bounce could happen soon.
Major Catalysts Now Behind Us
Reason 2 – all major events now behind us
Pi Coin has shown very slow price action for the past few days as the price dipped from $1.75 to below $1.40 last week.
The challenge here is that all major developments for Pi Coin such as post-launch hype in late February when the price hit ATH of almost $3 and final deadline for the mainnet merge was on March 14th when it was also Pi Coin’s 6th birthday are now behind us.
🚨 Is Pi Network on the Downturn? 🚨
— Wolf (@CryptoDenLive) March 11, 2025
The Open Mainnet is here, but things aren’t looking great… 😬
❌ Migration issues
❌ No major exchange listings
❌ User activity dropping
Is this the beginning of the end for Pi? Or can it still recover? 🤔
📺 Watch the full breakdown:… pic.twitter.com/O9uPPf8Obp
Of course, Pi Network’s team has serious plans for the rest of 2025 such as pi.domain utility that they just released a few days ago, but we’ll see if this or other events can have positive impact on the price. For now, it looks like Pi Coin hype is fading, and in crypto, if you want prices to pump, you need hype.
Reason 3 – Only for those chasing 10x or more
People forget that Pi Coin actually has around $10 billion market cap right now which makes it one of the biggest coins globally. This means that 10x from here would put it roughly at around $100 billion market cap, and this is almost the market cap of XRP now for instance that’s been one of the major players in the industry for almost a decade.
Of course, this doesn’t mean that Pi Coin can’t do 10x from here; anything is possible in crypto, but it’s hard to imagine such a scenario this year, especially in these sluggish market conditions.
Beyond Pi Coin: What’s the Best Crypto to Buy Now?
One of the hottest early-stage projects right now in the market is Solaxy, which has raised over $26.7 million in presale. The SOLX token is currently priced at just $0.001666, with the price increasing every 48 hours.
Solaxy is a Layer 2 solution that helps the Solana blockchain work better when it gets crowded. It does this by moving some transactions to a second network, which makes everything faster and cheaper.
The project connects Solana and Ethereum with means users work with both blockchains at once. When Solana gets busy, Solaxy takes some of the work and processes it elsewhere, which keeps things running smoothly. This setup helps transactions happen almost instantly compared to regular Solana speeds.
Solaxy can handle many transactions at once by using Solana’s already fast system while avoiding slowdowns. It also has tools that can predict when the network will get busy and adjust things ahead of time.
Users can move their assets between Solana and Ethereum easily with Solaxy’s bridge. This means they can use apps and NFTs on both chains without hassle. The project supports all kinds of blockchain activities, from trading to collecting digital art.
Security is a priority for Solaxy, with all smart contracts checked by Coinsult to make sure they’re safe. Users can stake their SOLX tokens to help keep the network secure and earn rewards at the same time.
All in all, Pi Coin is here to stay, but the current momentum seems to be fading. Of course, we can be wrong here. For now, SOLX could be a strong alternative to buy at a discounted price in presale.
Read also: $1,000 in Pi Coin or Solaxy (SOLX): AI Picks the Altcoin With Better Return Potential
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
