PiCoreTeam

#Pi Network, a cryptocurrency project, was launched on March 14, 2019, also known as Pi Day, by a team of Stanford PhDs. The project aimed to create a cryptocurrency that could be mined on mobile devices without excessive battery drain or the need for specialized hardware. The project has seen significant user growth, reaching millions of subscribers by 2022, but has also faced scrutiny due to its extended testnet phase and lack of publicly traded coins.
Here's a more detailed look at the Pi Network's history:
Founding and Launch:
Pi Network was founded by Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip, all Stanford PhDs. The project launched its mobile mining app on Pi Day, March 14, 2019.
Mobile Mining Focus:
The core idea behind Pi Network was to allow users to mine the cryptocurrency using their smartphones, making it accessible to a wider audience without the need for expensive equipment or high energy consumption.
Rapid User Growth:
The project experienced rapid user growth, reaching over a million subscribers by the end of 2019 and exceeding 33 million by March 2022.
Halving:
Like many other cryptocurrencies, Pi Network implemented halving, where the mining rate was reduced by half after reaching certain user milestones.
Testnet and Mainnet:
Pi Network has been in a testnet phase for a significant period, and its open mainnet, which allows for real-world transactions and price discovery, launched on February 20, 2025.
Controversies and Scrutiny:
Despite its popularity, Pi Network has faced criticism due to the lack of a publicly tradable coin and the extended testnet period.
Recent Developments:
Pi Network's open mainnet launch in February 2025 marked a significant step, enabling real-world transactions and the potential for official price discovery.
Price Fluctuations:
Following the mainnet launch, Pi coin saw initial price surges on decentralized exchanges and over-the-counter platforms, but also experienced a subsequent price decline.
Future Outlook:
Pi Network's future hinges on its ability to deliver on its promises, including successful mainnet implementation, real-world use cases, and sustained community engagement. #PiCoreTeam #Pioneers👫great

How many times does it happen that a sinking boat starts to move away from the shore?... Patients who were dying recover... A person narrowly escapes from possible accidents... After darkness covers everything, a beacon of hope shines and gradually light spreads everywhere... Sometimes, while there are continuous losses, unexpected benefits start to occur...
Our general attitude on such occasions is that "It was just a coincidence", "So-and-so helped me", "I did this and that at the right time, if I had not done this, there would have been a problem" that is, we pass by surprising successes and new opportunities, as well as survival from life-threatening accidents, as coincidences and our own perfection. I wish we could stop for a moment and think that all this is the result of prayers offered for us in our absence... The prayers of our parents, mentors, friends... who ask the Lord for our well-being and well-being. It is only by the grace of God that the chariot of life, after falling into the pit of trouble, comes to the highway of well-being... If we examine our day and night from this perspective, we will be blessed with the ability to thank God Almighty step by step...
Someone has said well that when someone does you a favor, thank your benefactor later, but first thank God Almighty for creating in that person's heart the idea of doing you a favor and giving him the ability... But due to our narrow-mindedness, we do not understand the many blessings and favors of God Almighty and pass by attributing the ease we receive to ourselves and others...
May God Almighty grant us the ability to become His grateful servants.
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$BTC
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Pi Coin's (PI) price is once again teetering on the brink, dangerously close to its all-time low (ATL). This top coin, once a beacon of promise for millions of mobile miners, is facing sustained selling pressure amidst bearish technical indicators and a lack of significant bullish catalysts. The question looms: can Pi Coin find crucial support, or is it headed for new historic losses?
Persistent Downtrend: Technicals Signal Continued Weakness 🔴📊
Pi Coin has been in a prolonged downtrend, with its price consistently moving below a declining resistance trend line since its peak earlier this year. Currently trading around $0.40 to $0.46, it's just a whisper away from its ATL of $0.40. Key technical indicators reinforce this bearish outlook:

Relative Strength Index (RSI): The RSI remains firmly in bearish territory (often below 50), indicating weakening momentum and strong selling pressure. Some readings show it near 32.96, just above oversold, suggesting minimal buying interest.Chaikin Money Flow (CMF): This indicator often shows funds flowing out of the market, confirming a lack of investor confidence.Moving Average Convergence/Divergence (MACD): The MACD is also in bearish territory, showing a downward trend and confirming a bearish price prediction.Exponential Moving Averages (EMAs): PI's price is consistently trading well below key EMAs (20-day, 50-day, and 200-day), signaling a sustained downtrend with lower highs and lower lows.
Despite occasional bounces from the $0.40 level in April and June, buyers' strength has waned, failing to trigger sustained recoveries.
Supply Dynamics & Market Sentiment: Challenges Ahead 🌐📉
Several fundamental factors contribute to Pi Coin's persistent price weakness. The delayed mainnet launch, initially scheduled for 2024 and pushed to January 2025 (and potentially later), has eroded investor confidence. Large-scale token unlocks, with millions of PI tokens entering circulation, create significant selling pressure, especially from early miners eager to realize profits. The absence of a substantial burn mechanism further exacerbates this supply overhang.
Furthermore, Pi Coin exhibits a negative correlation with Bitcoin (-0.27), meaning it tends to move in the opposite direction of the leading cryptocurrency. This makes recovery harder, especially during broader market rallies. Overall market sentiment towards Pi Coin remains weak, with weighted sentiment declining, indicating reduced confidence among holders. This lack of new inflows and community disappointment over clarity from the core team continues to weigh heavily on the price.
Critical Levels: The Fight for Survival 🚧
Pi Coin is now within 10-11% of its ATL of $0.40. If the current support at $0.40 fails to hold, the price could plummet further, with the next significant Fibonacci support level as low as $0.082. A break below $0.40 would mark a new all-time low and signal a major loss for holders.
Conversely, a confirmed breakout above a descending channel, or if the price can establish support above $0.45 and overcome psychological resistance at $0.50 to $0.51, could signal a potential short-term recovery. A break above $0.55 could push PI towards $0.63–$0.74 in the coming weeks, potentially reversing the bearish bias. However, without major catalysts like a successful mainnet launch, significant exchange listings, or robust ecosystem growth, the path of least resistance for Pi Coin's price prediction remains downward.
Conclusion ✨
Pi Coin's price is at a perilous point, dangerously close to its all-time low due to a confirmed downtrend, bearish technical indicators, and fundamental challenges like delayed mainnet launches and token unlocks. While key support levels offer a glimmer of hope, a sustained recovery for this top coin hinges on a significant shift in market sentiment and decisive catalysts. Investors must exercise extreme caution as Pi Coin navigates this critical period.

Disclaimer ⚠️: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.

#pi #PiCoreTeam

$$BTC
BTC today is very Volatile.$BNB and #xrp

while BNB keeps upper hand being bullish. $... Any hopes for #PiCoreTeam pi Network to Reclaim its 1$ value considering now most pioneers are unlocking huge lock up balances?