Pi's $100 Dream Fades Amid Technical Woes and Weak Demand

Pi Network, a once-celebrated cryptocurrency project that promised a decentralized alternative to traditional mining, has been struggling to maintain relevance and investor confidence amid significant price declines. As of late August 2025, the price of Pi had fallen to a historic low of $0.33, with only marginal recovery since then, trading around $0.34 as of mid-September [1]. This decline is particularly striking when compared to its peak in May 2025, when it was trading above $1.20 [1], and its high of $2.90 per coin in previous years [1]. The coin’s market capitalization, which once reached $11.65 billion and placed it in the global top 11 cryptocurrencies, has since dwindled, raising concerns about its long-term viability [1].

Despite the price drop, Pi Network continues to make technical advancements. Notably, the Pi Core Team recently introduced Linux Node support, expanding the platform’s accessibility to developers and open-source contributors [2]. This update is seen as a significant step toward decentralizing the network further and improving its technical infrastructure. Additionally, Pi is in the process of upgrading its protocol from version 19 to 23, a move that draws inspiration from the Stellar blockchain and aims to enhance scalability, cross-chain compatibility, and decentralized identity features [2]. The rollout of this upgrade is being staged to minimize disruption, with Testnet1 already active and Mainnet updates expected in the coming weeks [2].

However, these developments have yet to translate into meaningful price appreciation. The PI token remains below its 20-day exponential moving average of $0.36, a critical technical resistance level [3]. The token’s performance has also been hampered by a negative capital flow indicator, with the Chaikin Money Flow (CMF) at -0.11, signaling strong selling pressure [3]. Analysts suggest that unless Pi can break through the $0.36 threshold and sustain it, the risk of a further decline toward $0.32 remains real [3]. Conversely, if the token can overcome this resistance and climb to $0.40, it may regain some momentum. Yet, with nearly 8 billion tokens already in circulation, reaching even $10 would require an unrealistic 2,800 percent increase from current levels, and hitting $100 would necessitate an almost 29,000 percent gain [1]. Prediction platforms such as CoinCodex have not factored in such a scenario, expecting Pi to remain under $10 even by 2050 [1].

Despite the bearish price action, Pi still possesses a large and active user base, with 65 million users across 200+ countries [1]. This substantial community, combined with the project’s compliance-focused strategy and KYC measures, positions it as a project with long-term potential, albeit one that is not yet delivering the returns that many investors had hoped for. Dr. Altcoin, a prominent analyst in the crypto space, argues that Pi should be judged on a five-year horizon rather than short-term price movements [1]. He emphasizes the project’s commitment to regulatory compliance and its ongoing technical development as key indicators of future potential.

Looking ahead, Pi’s future will largely depend on its ability to convert user base into real-world utility and investor confidence. A proposed Valour Pi ETP (exchange-traded product) could offer traditional investors a regulated way to gain exposure to Pi, potentially broadening its appeal beyond the current "Pioneer" community [1]. If Pi can successfully launch this product and continue its protocol upgrades, it may yet find a path toward increased adoption. However, with current market sentiment and technical indicators pointing to further bearish conditions, Pi’s journey remains uncertain, and its dream of becoming a $100 coin appears to be a distant one at best.

Source:

[1] Can Pi Network Price Hit $100? (https://coinpedia.org/news/can-pi-network-price-hit-100-2/)

[2] Pi Network's Latest Update Explained - And Why It's a Big Deal (https://cryptopotato.com/pi-networks-latest-update-explained-and-why-its-a-big-deal/)

[3] Pi Network Adopts Stellar 23 With Little Market Impact (https://www.cointribune.com/en/pi-network-adopts-stellar-23-with-little-market-impact/)