As of mid-July, the current price of Pi Network is $0.4710, which has dropped more than 40% compared to the peak at the end of 2024 (about $0.80). The daily trading volume remains stable at around $80 million, maintaining a relatively high level among secondary mainstream cryptocurrencies, indicating a decent level of trading activity.
The most significant event recently is the circulation of millions of PI coins in the market, resulting from the gradual unlocking of early nodes and miners. On one hand, this has brought pressure on the market supply side, while on the other hand, it reflects that the project is transitioning towards an âopen mainnetâ, with the ecosystem gradually evolving from a closed model to a circulating one.
From the daily chart, if Pi cannot rise above $0.50 within the next 5 trading days, the bears may take control of the market rhythm. The market is focusing on the Open Mainnet launch nodes and project collaboration dynamics, hoping for fundamental changes to alter the price logic.
If based on the current $0.47, Pi needs to rise by about 112% to reach $1. The path can be divided into three steps:
According to predictions by TradingView analysts, if Pi completes its mainnet launch in Q1 2025 and launches at least 3 practical DApps, combined with a BTC bull market, there is a possibility that the price could reach 1 dollar.
In addition, a medium to long-term holding strategy can be considered, such as participating in the staking mechanisms that may be launched in the future to obtain platform incentive earnings, compensating for the risks brought by short-term fluctuations.
Although Pi Network is currently facing challenges such as a weak technical outlook and significant unlocking pressure, its large community base, potential for ecological expansion, and expectations for the open mainnet still serve as core support for its value reassessment. If it can successfully launch the Open Mainnet and effectively control the token circulation rhythm, Pi is expected to have the actual ability to challenge the 1 dollar mark by 2025. New investors should closely monitor the projectâs progress and reasonably arrange their entry rhythm and risk control.