Is the Pi Network Finally Poised for a Comeback?
The Pi Network has been through quite the rollercoaster this year. After its long-awaited mainnet launch, Pi Coin briefly touched a high of around $2.98 back in February. But that excitement didn’t last long. By October, it had plunged all the way down to about $0.1465 — a staggering drop of over 90%. For a project once hailed as the “people’s crypto,” that’s a dramatic fall. But now, with some new developments in play, many are wondering — is this the end of the Pi Network’s price freefall?
So, what exactly happened to Pi? Several things went wrong at once. First, the project struggled with centralization concerns and the lack of listings on major crypto exchanges, which limited liquidity. Many early miners, or “pioneers,” rushed to sell their tokens once the mainnet went live, adding even more pressure on the price. Combine that with a broader market downturn across the crypto world, and Pi’s decline became almost inevitable.
However, the story might not be over yet. Recently, the Pi Core Team announced a few key moves that could help rebuild investor confidence. One of the most talked-about updates is their investment in a project called OpenMind. Together, they’ve completed a proof-of-concept that allows Pi node operators to run AI models for third-party companies. That’s a big deal because it shows Pi isn’t just another token — it’s building real-world use cases.
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The network has also introduced a testnet version for decentralized exchange (DEX) functionalities like automated market makers (AMMs) and liquidity pools. Essentially, this opens the door for Pi to support its own DeFi ecosystem, similar to what platforms like PancakeSwap or Raydium have done for other blockchains.
Another significant step has been the rollout of a new KYC verification system, which is allowing millions of users to get verified and move their mined Pi to the mainnet. This boost in verified users strengthens the foundation of the network and helps improve token circulation in a controlled way.
From a technical perspective, Pi’s chart is also starting to look interesting. Analysts have pointed out a “falling wedge” pattern — a typically bullish setup that often signals an upcoming breakout. If this pattern plays out, Pi’s price could potentially rebound toward the $0.50 level, which would represent more than a 100% increase from where it stands now.
Of course, there’s still a long way to go. For Pi Network to truly recover, it will need to secure listings on major exchanges, improve liquidity, and expand its real-world utility. But if these recent steps are any indication, the groundwork for a comeback is being quietly laid.
So, while the Pi Network’s journey has been turbulent, it might just be entering a new chapter — one that could finally bring the “people’s crypto” back into focus.
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