#pi was one of the most exciting and eye-catching launches in the world of cryptocurrencies recently. Since its inception, it has consistently gained popularity and steadily outperformed the market. However, the project has always been surrounded by controversy and hype. Let's discover some of the recent big names.
Pi's mainnet
Pi's mainnet has been an eventful journey. Drama occurred at every level—exchanges refusing listings, users struggling with identity verification, and privacy concerns. But at the end of the day, the community triumphed over all the negative rumors. Pi's mainnet was successfully launched, and immediately became one of the most traded and searched cryptocurrencies that week.
Once the mainnet launched, its price surged significantly, pushing Pi into the ranks of the largest cryptocurrencies by market capitalization. At one point, Pi entered the top 15 cryptocurrencies, surpassing some big names in the crypto world.
According to CoinMarketCap, on February 26, 2025, Pi reached $3 and entered the top 15 cryptocurrencies by market capitalization. Its trading volume was huge—only behind Bitcoin and Tether at that point.
The hype
Pi coin generated buzz before the mainnet launch, and when it finally launched, that buzz reached its peak. The community is one of the most active in the crypto world, dominating social media, which gave it an edge over other projects. Over nearly five years, Pi has maintained its hype, which is something rare for projects to achieve.
One of the most prevalent narratives was: "One Pi = One Bitcoin." Cryptocurrencies love a good narrative, and this one spread like wildfire. Whether it was realistic or not didn't matter. Social media took off with it, leading to wild speculation.
Then, in March, the hype reached new heights as the United States prepared to announce its cryptocurrency reserves. Suddenly, speculation spread—could Pi be included in the U.S. strategic reserve? It seemed ridiculous, but the market and community embraced it. Even as the market bled, Pi somehow outperformed everything.
Pi price prediction
Community-backed projects have always had the potential to become cult-like forces in the market. Dogecoin and Shiba Inu proved that. Pi is no exception.
