125,000 sellers participated in the PiFest 2025 event, but the price of Pi Coin continues to decline, approaching historic lows.
At this moment, the cryptocurrency market has recorded a new positive trend as Bitcoin surpasses $85,000 and Ethereum holds above $1,850. However, Pi Coin is going against the tide, continuing to witness significant declines.
The price of Pi has dropped below $0.6682 at the time of writing, just a small distance from the all-time low of $0.6152. Since the peak of $2.98 in February, this token has lost nearly 80% of its value, leaving investors bewildered about its future.
This sharp decline raises the question: Is the developing Pi ecosystem enough to save the value of this token?
PiFest 2025: A Historic Event but Not Enough to Drive Prices
PiFest 2025, held from March 14 to March 21, made a significant mark by becoming the first global trade event operating on the Pi Open Network. Over 125,000 sellers registered to participate, with 58,000 active stores, indicating strong growth of the Pi ecosystem.
According to reports from Pi Network, from coffee shops, fashion stores, car garages to freelance services, millions of transactions have been made using Pi Wallet, reflecting the real-world usage potential of this currency.
More than 1.8 million pioneer users have used the Pi Map to locate stores accepting payments in Pi, with over 45,000 reviews submitted, helping to strengthen trust within the community.
However, despite the surge in usage, the price of Pi continues to fall. This indicates that merely expanding the ecosystem is not enough to support the token's value, as the market remains concerned about liquidity and the long-term potential of Pi outside its own ecosystem.
What is happening with Pi Coin?
Analysts suggest that the decline of Pi Coin may stem from investors' concerns, despite the success of PiFest. While Pi Network is scaling up usage, many remain skeptical about the liquidity of this currency as well as its trading ability on major exchanges.
Additionally, the lack of a clear strategic roadmap and no updates on Pi Network's financial plan also increases caution among investors.
Although PiFest has demonstrated that Pi can be widely used in local commerce, turning this into a price growth driver remains a major challenge.
The Future of Pi Coin: Recovery or Continued Decline?
Despite the current downturn, the leadership of Pi Network remains confident in the potential of this token. The PiFest event highlighted that Pi is not just a cryptocurrency but can also become a practical means of transaction, accepted by businesses globally.
However, the question remains open: Can Pi recover strongly amid a robustly growing market, or is this just the beginning of a deeper correction phase? The future of Pi Coin will depend on how this ecosystem develops and whether it can break through current barriers to gain the trust of the investment community.