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 venture 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.
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.
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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.
