The price of Pi has broken through the $1.39 price level and has now dipped further with the price now trading at $1.12. This continued decline has raised concerns among community members about the future of the cryptocurrency. Pi has also fallen to #13 in the CoinMarketCap ranking as its price continues to slide, indicating a troubling trend for the digital asset.
According to Dr Altcoin, the price drop is directly correlated with public sentiment. Despite overwhelming community support, with over 86% voting in favor of listing Pi on Binance, the exchange ultimately decided against listing the token. This decision has triggered backlash from the Pi community, with many expressing their frustration through negative reviews on app stores.
The absence of a Binance listing has severely eroded trust in the project, as it suggests that major exchanges remain cautious about the project’s legitimacy or potential.
Pi Day, celebrated on March 14, was anticipated to be a significant event for the Pi community. However, it failed to deliver any major announcements or updates that could have boosted investor confidence.
Instead, the event merely highlighted the expansion of the Pi ecosystem, which, while positive, did not address the core concerns of investors. The absence of groundbreaking updates has left many feeling that the project is not progressing as expected after six years of development.
Pi has dropped to #13 in the CMC ranking as its price falls below $1.3. The price drop is directly correlated with public sentiment. The failure to get listed on Binance, despite 86% of the community voting in favor, raises serious concerns about public trust in the project. This… pic.twitter.com/3488BffUEc
— Dr Altcoin (@Dr_Picoin) March 18, 2025
Early miners and supporters of Pi Network have begun to publicly criticize the Pi Core Team for the lack of tangible progress. This criticism stems from unfulfilled expectations and the perception that the project is not moving forward as promised.
Many early miners have now begun to publicly denounce the Pi Core Team for failing to show real progress in a project that has been in development for six years. The community’s frustration is compounded by the project’s long development period and the recent price declines.
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Some Actions to Restore Public Trust in Pi Network
To address these concerns and prevent a major collapse, Dr Altcoin suggests that the Pi Core Team must take several key actions:
A clear roadmap would provide transparency and help investors understand the project’s future plans and timelines. It would reassure the community that the project is moving forward with a structured plan, potentially boosting confidence and trust.
The launch of decentralized applications is crucial for demonstrating the utility and potential of the Pi Network. Successful DApps would showcase the project’s capabilities, attract more users, and increase the token’s value by providing real-world use cases.
Transparency about investors and partners can help establish credibility and trust within the community. Knowing who is backing the project can alleviate concerns about its legitimacy and future prospects, potentially attracting more investors and supporters.
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Additional Solutions for Long-Term Growth
The Pi Core Team should provide regular updates on the project’s progress, milestones achieved, and future plans. This can help maintain community engagement and trust. They should also engage more actively with the community through social media, forums, and live sessions to address concerns and gather feedback.
Forming strategic alliances with other blockchain projects or companies would expand Pi’s ecosystem and demonstrate its utility. Participating in major blockchain and cryptocurrency events could increase visibility and credibility in the wider crypto community.
Developing and promoting real-world applications of Pi, such as payment systems, gaming, or social media platforms, would increase its utility and adoption. The team could also offer incentives for users to adopt and use Pi in their daily transactions, such as discounts or rewards.
By taking these steps, the Pi Core Team can work towards restoring public trust and ensuring the project’s long-term viability, potentially reversing the current downward price trend and strengthening Pi’s position in the cryptocurrency market.
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