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BlockNews
Home CRYPTO

Pi Network Technical Overview: Is $PI a Hidden Gem or Just Another Scam?

Gary Ponce by Gary Ponce
March 19, 2025
in CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
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  • Fluctuating Price Action – $PI has seen notable volatility since launch, hitting a high of nearly $3 before retreating to its current price of $1.13, with resistance at $1.20.
  • Uncertain Market Sentiment – While speculation about major exchange listings is fueling optimism, concerns over weak use cases and broader market conditions are keeping some investors cautious.
  • Future Growth Hinges on Adoption – The long-term success of Pi Network depends on increased adoption by developers and users, alongside potential listings on Tier 1 exchanges to improve liquidity and market visibility.

Pi Network

Pi Network ($PI) is a cryptocurrency that can be mined through the Pi Network mobile app. It employs a distinct consensus algorithm and aims to make mining more accessible without the need for costly hardware.

Price Movements

Currently trading at $1.13 and with a market cap of $7.81 billion, $PI ranks among the top 20 largest cryptocurrencies. Notably, since its launch nearly a month ago, its price has fluctuated, reaching a low of $0.67 and a high near $3 before settling back at its current level.

Credit: CoinGecko

Price Predictions

$PI is in a downtrend at the moment, facing resistance at the $1.20 mark, which has already rejected the price once. Looking ahead, analysts anticipate the price may drop to the $1 psychological level. A further decline could push the price into the $0.85-$0.95 range. However, if a reversal happens at this point, the price could rise again to around $1.50.

Market Sentiment and Developments

Market sentiment for Pi Network is mixed. On the positive side, there is growing speculation about major exchange listings, which has fueled optimism. However, concerns about broader market weakness and some uncertainty regarding the network’s use cases have led to some bearish sentiment.

This Power of Three (PO3) pattern could drive $PI to new highs very soon! 🚀 pic.twitter.com/J8Nhm1sZja

— Coinvo (@ByCoinvo) March 18, 2025

Future Outlook

Looking ahead, Pi Network’s success and ability to gain traction will largely depend on the adoption of its network by developers and users. Moreover, Tier 1 exchange listings will also be crucial to increasing liquidity and visibility, helping to maintain momentum and drive further growth.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: $PIBlockchaincryptoPi Network
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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