Why Is the Pi Coin Price Crashing?

Pi Network managed to create one of the strongest communities in crypto right now, but unfortunately, the Pi Coin price is one of the biggest disappointments since March.

Pi Coin is now over 80% away from its all-time high at $2.98 hit on February 28th. In fact, the Pi Coin price hit an all-time low yesterday at around $0.53.

Our today’s Pi Coin price prediction notes that the price might even revisit the $0.50 range if this downtrend continues.

Also, we checked Pi Network’s official X account and the last post was made 3 days ago which is not a good sign. Social media activity is one of the crucial factors you should look at when deciding where to invest since this means the team is active and investing in marketing.

However, there’s another concerning factor for the Pi Network community. Binance released the 2nd batch of their ‘Vote to List‘ campaign with 12 new tokens and surprisingly – Pi Coin is not there.

Why This Is Bad News for Pi Coin

The huge drop from $2.98 to $0.53 shows that many people are selling their coins. When a coin loses more than 80% of its value this quickly, it scares investors. People see the price falling and want to sell before it drops even more.

The Pi Network team not posting on social media for three days is a red flag. When crypto teams go quiet during a price crash, it makes people nervous. Investors want to see the team talking about their plans and calming the market.

Binance not including Pi Coin in their new listing vote is a big problem. Getting listed on major exchanges helps coins reach more buyers. Being left out means fewer new investors will discover Pi Coin.

Another thing is that there will be over 135 million Pi Coins unlocked in the next 30 days which could put even more downside pressure on the price.

Read also: Pi Network Community, Bear With Us: 3 Reasons to Sell Your Pi Coins Now

What This Means for Pi Network

The lack of good news is making the price fall faster. Without any positive announcements or updates, there’s nothing to stop the downward trend.

Trading volume is also down, which means fewer people are buying and selling Pi Coin. Low trading volume makes the price more unstable.

The community is getting worried. Even though Pi Network has many supporters, they need reasons to stay hopeful. Without clear messages from the team, more people might give up and sell.

If the team doesn’t start communicating again soon and share some positive news, the price might drop below $0.50. For the price to recover, Pi Network needs to show they’re still working hard on the project and making progress.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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