Pi Coin has dropped below $1, currently trading at $0.86, marking a 68% decline from its February peak. The price drop is due to an oversupply of tokens, with 99.3 million more set to be released soon. Analysts suggest a possible recovery if the coin holds the $0.71-$0.86 support range, with a near-term target of $1.50-$2.
Meanwhile, Ethereum is trading around $1,800 and showing resilience. The ongoing Ethereum 2.0 upgrade aims to improve scalability, while the rapid growth of DeFi and NFTs continues to strengthen its market position. Institutional partnerships further boost confidence, making Ethereum a more stable choice compared to Pi Coin, which has faced recent volatility.