- •Pi Coin struggles at $0.26 while major cryptos hit highs.
- •Investors await Pi’s mainnet upgrade amid weak ecosystem growth.
- •Analysts see breakout potential if Pi surpasses key resistance level.
Pi Coin remains trapped around $0.26 even as the global cryptocurrency market crosses $4.28 trillion in value. Bitcoin has surged to $126,000 while Ethereum trades near $4,715, yet Pi continues to lag, showing little recovery after its sharp drop from February’s all-time high of $2.98.
The muted performance stands out amid a broad altcoin rally. According to Pi founder Dr. Chengdiao Fan, the project’s focus is on driving blockchain utility and advancing decentralized AI infrastructure that benefits humanity. Her remarks at TOKEN2049 highlighted the long-term vision for meaningful adoption, but market enthusiasm has yet to return.
Slow Rollout and Weak Ecosystem Activity Hurt Pi’s Momentum
Pi’s persistent weakness can be traced to slow network progress and limited on-chain activity. The gradual transition from testnet to mainnet has tested user patience, while the lack of active decentralized applications has curbed engagement.
Furthermore, the migration of millions of users to the mainnet continues to release tokens into circulation, adding selling pressure that drags on prices. The combination of low ecosystem utility and an expanding supply has kept Pi from joining the wider crypto rally.
Developers Eye Upgrade as Hope for Revival
Attention is now turning to the upcoming version 23 mainnet upgrade, which could mark a turning point for the network. The planned launch of a decentralized exchange and automated market maker integration aims to improve liquidity and stimulate real trading activity.
In addition, new hackathons are expected to attract developers and spark fresh innovation. The completion of user verification processes may also restore confidence, potentially reigniting community participation after months of stagnation.
Market Analysts See Key Price Levels Ahead
If Pi Coin closes above $0.2639, traders believe it could move toward the $0.30 to $0.32 range. However, a slide below $0.25 might push it lower to around $0.18.
Despite its current slump, optimism remains that once the network fully opens to global access, stronger demand could help Pi rebound and re‑enter the broader market momentum alongside leading digital assets.