Pi Network (PI) Price Prediction & Analysis: Community Calls for New Leadership as Token Slides Further

Pi Network (PI) Price Prediction & Analysis: Community Calls for New Leadership as Token Slides Further

TLDR

• Pi Coin price has dropped by approximately 4%, falling below $0.70
• Community members are frustrated with Pi Core Team’s lack of transparent communication
• Pi Network’s base mining rate decreased by 1.18% to 0.0029030 π per hour
• Despite PiFest announcement highlighting participation, trading activity in the ecosystem is at its lowest
• Technical analysis shows Pi forming a falling wedge pattern with next crucial support at $0.60

Pi Network’s native cryptocurrency PI continues to face selling pressure as community backlash grows over perceived lack of transparency from the project’s leadership team. The token recently slipped below the $0.70 mark amid declining trading volumes and growing skepticism from community members.

The PI token has experienced a 20% price decline over the past seven days. This downward trend comes despite the Pi Core Team’s announcement about record participation in their inaugural PiFest on the Open Network.

According to the team’s announcement, over 125,000 registered sellers participated in the event. This included more than 58,000 active sellers and 1.8 million Pioneers utilizing Map of Pi.

However, community reaction to this news has been largely negative. One community member known as Dr. Altcoin noted that trading activity in the ecosystem has reached its lowest point since PiFest began.

“The only trade was selling Pi for Cash,” Dr. Altcoin commented, adding that the Pi co-founders “seem out of touch with the realities of the everyday Pi Community.”

Communication Challenges

Other community members have criticized the Pi Core Team’s communication approach. Critics argue that monthly updates are too predictable and insufficient for maintaining an engaged community.

Some members are now calling for a more transparent communication strategy. There are even suggestions for new leadership with deeper cryptocurrency expertise.

This communication gap appears to be widening at a critical time for the project. The community’s frustration comes as Pi Network implements a reduction in its base mining rate.

The network’s base mining rate dropped by 1.18% this month to 0.0029030 π per hour. This continues the project’s trend of gradual mining rate reductions.

Some community members believe the declining interest in mining may be connected to Pi’s current low trading value on exchanges.

Market Performance

Pi Coin’s market performance has been concerning for investors. Trading volumes have fallen sharply, with daily trading dropping 52% to $148 million.

The cryptocurrency is now trading approximately 77% below its all-time high. If current trends continue, the token is only about 14.9% away from its all-time low of $0.6152, which was recorded on February 20.

Technical analysis shows Pi Network is forming a classic falling wedge pattern. The token is currently testing the lower boundary near $0.687.

Analysts suggest that a confirmed breakout with volume above the $0.71–$0.72 range could signal a bullish move. This could potentially push the price toward resistance levels at $0.75–$0.78.

KYC Controversies

Adding to Pi Network’s challenges are controversies around its Know Your Customer (KYC) protocols. The project recently announced it would request email addresses to activate two-factor authentication (2FA) in its mobile application.

The developer explained that SMS authentication was no longer suitable due to the global distribution of Pi users and telecommunications limitations in certain countries.

However, this move has drawn criticism from the crypto community. Many see it as an unnecessary breach of user privacy in an industry where anonymity is highly valued.

Pi Network is adding email-based two-factor authentication to the overall account management and verification. https://t.co/UeoJ0F8H17

This change addresses challenges with current SMS (text message) account verification, improves security, and lays the groundwork for future…

— Pi Network (@PiCoreTeam) March 29, 2025

Pi was already under scrutiny for requiring holders to complete a strict KYC process to migrate their tokens to the public mainnet.

These privacy concerns, combined with allegations from industry figures claiming Pi is a scam, have contributed to downward pressure on the token’s price.

Despite these challenges, some market analysts maintain hope that PI cryptocurrency could reverse its downward trajectory. Optimistic predictions suggest it could potentially reach highs of $3 and above.

However, current Pi Coin predictions indicate it will likely trade under $0.60 for the month of April.

The next few hours and days will be critical for determining Pi’s market direction. Current price consolidation remains between $0.7200 and $0.7250.

For any bullish movement, the price needs to break above $0.7300. If bears take control and push the price below $0.7100, further declines toward $0.6900 may follow.

As the Pi Network continues its transition from testnet to mainnet, investors will be watching closely for signs of recovery or further decline.

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