- Pi Coin’s price dropped below $0.60, losing 3% in a day and 15% over the past month.
- The coin is stuck between $0.59 and $0.67, and falling below $0.58 could mean more price drops.
- Positive news like BitMart resuming trading, Banxa’s new accounts, and a big speech by Pi Network’s founder could help the price go up.
Pi Coin (PI) has been losing value lately. It dropped below $0.60, falling more than 3% in the last day. Over the past month, Pi Network’s coin has gone down by 15%, which is unusual since most other major cryptocurrencies are doing good or going up.
This drop has made some Pi Network users uneasy, but others think it might be a good time to buy the coin at a cheaper price.
Why the Price Is Dropping
Since the middle of April, Pi Coin’s price has been stuck between $0.59 and $0.67. Right now, it’s very close to the lower end at $0.58.
If it goes below this, Pi Network could see even lower prices. A lot of people in the community are wondering if Pi Coin can bounce back and reach $3 again, like it did before.
Positive News for Pi Network
Even as the price declines, there are some positive things that are occurring for Pi Network. BitMart, where individuals exchange cryptocurrencies, has begun allowing individuals to trade Pi Coin once more. This should facilitate easier buying and selling.
Banxa, an exchange that allows individuals to pay using normal money to purchase crypto, is experiencing a lot of new accounts being created, and this indicates that more and more individuals are interested in Pi Network.
Also, HTX, which used to be called Huobi, is dropping hints that it might support Pi Coin soon. Plus, Dr. Nicolas Kokkalis, who created Pi Network, is going to speak at a big crypto event called the Consensus Summit in Toronto in May 2025. Some people, like a crypto influencer named Dr. Altcoin, think these things could help the price go up.
Right now, everyone is watching to see if Pi Coin can stay above $0.58. If it does, and if these good updates keep coming, Pi Network might get the boost it needs to start climbing again. The community is keeping a close eye on what happens next.
Also Read: Trump Controversy Grows as Questions Rise Over Crypto Connections
