Pi Network Crashes 32%, But Is Mass Adoption Still Coming?
The post Pi Network Crashes 32%, But Is Mass Adoption Still Coming? appeared first on Coinpedia Fintech News
Despite a 32.8% crash in two weeks, Pi Network’s long-term vision remains strong. Here’s why top analysts still believe in PI’s future.
Pi Coin Price Nosedives: What’s Going On?
Over the past 14 days, Pi Network (PI) has seen a significant price drop of 32.8% . In just the last 24 hours, it slipped another 5.3% , signaling continued bearish momentum.
Yet, top crypto analyst Kim H Wong isn’t alarmed. He believes the project is still in its early development phase , and investors should focus on the ecosystem, not the price .
Flashback: Mainnet Launch Sparked Massive Hype
On the day of its mainnet launch , PI skyrocketed by 770.20% .
Within just six days , the token recorded a jaw-dropping 2,713.40% surge — a clear sign of strong market excitement.
However, this rally was short-lived.
-
February 26:
PI hit an all-time high of
$2.99
-
February 27–April 4:
The price collapsed by
81.92%
Currently, PI trades at $0.7433 , down 73.9% from its peak.
Development Never Stopped: 100+ Dapps and $100M Fund
Despite the sell-off, the Pi ecosystem is booming :
-
100+
decentralized apps
(Dapps)
:
-
25 on
Mainnet
-
50 on
Testnet
- 25 in Brainstorm phase
The ongoing Pi Hackathon is helping developers build real-world use cases, with rewards and visibility for innovative apps.
To boost adoption, Pi Network has launched a $100 million ven t ure fund focused on Dapps with real-world utility—a bold step toward mass adoption.
70 Million Users and a Regulatory Advantage
The Pi Network community is one of the largest in crypto , with:
-
Over 70 million users globally
-
20 million+ KYC-verified
members
This not only strengthens its regulatory position , but also signals trust and potential for scalability .
The network still offers free mining , keeping it attractive for new users entering the crypto space.
- Also Read :
- Pi Network Faces Biggest Token Unlock of Next 30 Days: Is a Drop to $0.65 Coming?
- ,
Will Pi Become the Most Used Cryptocurrency?
With a current market cap of $5.38 billion and a 24-hour trading volume of $137.7 million , PI stands as the 25th largest crypto .
Kim H Wong believes Pi Network has the potential to become the most used and traded cryptocurrency , thanks to:
-
A massive global user base
-
A rapidly growing Dapp ecosystem
-
Strategic funding for adoption
- Regulatory readiness via KYC compliance
Final Thoughts
Yes, PI’s price is down—but its adoption curve is climbing .If the network continues to evolve with meaningful Dapps and strong community support, a price rebound may just be a matter of time .
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
While Pi Network is not a proven scam , skepticism exists due to its prolonged development phase , lack of clear roadmap updates, and limited token utility. However, it has millions of users and real developers building Dapps , suggesting legitimacy.
The $100 million fund supports developers building Dapps that drive real-world adoption of Pi Coin. Project teams can apply through hackathons and Pi ecosystem initiatives .
Yes, mining is still open . But rewards have gradually decreased , and users must complete KYC to transfer mined Pi to the mainnet balance.
The mainnet is launched in enclosed mode , meaning tokens can’t yet be traded or withdrawn freely. The team has promised an open mainnet launch , but an exact date hasn’t been confirmed.
Crypto Liquidations Nearly $1B Today: Time to Exit and Take Profits?
The post Crypto Liquidations Nearly $1B Today: Time to Exit and Take Profits? appeared first on Coin...
Bitcoin Price Displays a Similar Deviation: Is it Time for a Deeper Correction?
The post Bitcoin Price Displays a Similar Deviation: Is it Time for a Deeper Correction? appeared fi...
Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch
The post Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch appeared firs...