Pi Network Price Drops, Time to Buy Pi Coin?

Bittime - Pi Network officially traded Pi Coin on February 20, six years after the project was first introduced to the public.

At the beginning of trading, the Pi Coin price showed high volatility, namely trading at $0.64 before surging to almost $3 on February 27. 

However, since then, the price of Pi Network has fallen gradually. So, is this the time to buy Pi Coin? Read this article to find out more!

Pi Network Price Drops

A few hours ago, Pi Network price dropped as low as $1.26 before climbing back to $1.4, down about 12% in the last 24 hours and 16% in the week. 

This negative trend is in line with the overall crypto market correction, Bitcoin (BTC) even fell to the $80,000 level, and many other altcoins also experienced sharp declines.

Read Also: How Much Does Pi Network Cost in the UK Today? Here's the Analysis!

Causes of Pi Network Price Drops

Several main factors caused the price of Pi Network to fall today, including the crypto market correction and listing on the exchange.

When Bitcoin and other crypto assets experience a decline, overall market sentiment usually weakens. This also has an impact on the price of Pi Coin which continues to decrease.

Additionally, last month, Binance held a vote regarding whether users wanted Pi Network to list on Binance. From the voting results announced on February 27, 86% of voters supported it. 

However, Binance has still not provided an official response regarding this decision. If Binance ultimately decides to list Pi Network, the liquidity and accessibility of Pi Coin could increase, which could also drive the price up.

Right Time to Buy Pi Coin?

When the price of Pi Network goes down, is this the right time to buy Pi Coin? For investors who believe in the long-term prospects of this asset, this price drop could be an opportunity to buy at a lower price. 

However, there are still several risks that need to be considered, such as Binance's decision which is still uncertain and crypto market conditions which are still volatile.

In conclusion, even though the Pi Network price is currently down, upside potential remains if Binance decides to list this token and if the overall crypto market returns to bullishness. 

Read Also: Pi Network Price Prediction 2025 After Mainnet Launch!

Pi Network FAQs

What is Pi Network?

Pi Network is a crypto project that allows users to mine tokens directly from their mobile phones. The project is designed to be user-friendly and energy efficient compared to traditional mining methods such as Bitcoin.

How Does the Pi Network Work?

Pi Network uses a consensus model based on the Stellar Consensus Protocol (SCP) so users only need to open the application every day to mine. This activity does not drain the battery or device resources.

Is Mining Pi Network Tokens Free?

Yes, mining Pi Network tokens on the Pi Network app is completely free. However, users need to be active every 24 hours to press the "mine" button and maintain active membership in the network.

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Cryptorank, Why is the Pi Network (PI) Price Down Today?, accessed March 11, 2025.

Author: IPR