Conservative predictions suggest that Pi coin may drop to $0.2-$0.5, or even lower. Webpage 5 mentions that in extreme cases, the price may fall below $1. In the 2025 forecast from webpage 8, the minimum price is $0.1, the average is $0.4, and the maximum is $0.7. Webpages 9 and 10 describe the price's severe fluctuations after the mainnet launch, briefly dropping to $1.3, indicating market instability and the risk of falling below $1, while also citing relevant webpages. Note that the timeline is February 20, 2025, after the mainnet launch. Therefore, the answer should emphasize the current high volatility and risk factors, such as regulation and insufficient ecological applications, leading to the possibility of falling below $1, and reference the corresponding webpage numbers. Based on current market dynamics, there is potential for Pi coin to fall below $1 in the future. After the mainnet launch, there were significant price fluctuations, with Gate exchange seeing a daily drop of over 50%, and conservative predictions indicate that if ecological development lags or regulation tightens, the price may drop to $0.2-$0.5, and in extreme cases, it may even fall below $1. Currently, Pi coin lacks practical application scenarios, has high circulation concentration, and combined with user selling pressure and compliance risks, short-term speculation dominates the market, while long-term value depends on ecological implementation capabilities.