The Pi cryptocurrency, which has been promoted for years as a 'revolution in mining' through a mobile app, is experiencing a steep decline after its official listing on exchanges. What was supposed to be a breakthrough is so far proving to be a harsh return to reality. The price of this cryptocurrency is falling – and faster than many of its supporters expected.
Overestimated expectations
After years of marketing, promises of decentralization, and a million-strong community of enthusiastic 'miners' through a mobile app, it is becoming clear that behind the glitter of Pi Network, there is a lack of real technological value and usability. The project operated for a long time in a closed 'testing' mode, which only increased suspicions that it is more of a marketing ploy than a real innovation.
No real use-case
Unlike established cryptocurrencies like Bitcoin or Ethereum, Pi has no specific function that justifies its value. There is no serious decentralized application, no significant partnerships, and the entire ecosystem is full of assumptions and expectations – not results.
Speculation and manipulation
After opening on exchanges, the price of Pi was significantly overvalued – partly due to artificial demand and exaggerated HYPE effect. As it began to trade freely, market reality quickly took the reins. Investors who received Pi for free or cheaply during the 'mining' phase immediately began selling and cashing in profits, causing a sudden crash in price.
A directionless community
A large portion of Pi Network users are not experienced investors or developers, but ordinary people who believed that 'free mobile mining' would bring them wealth. This created a community with low understanding of risks and a high level of frustration when the price fell. Instead of stable support, the project faces a loss of trust.
A plunge without a safety net
Pi Network shows how dangerous blind following of projects without a transparent foundation and real utility can be. Without a clear plan, open infrastructure, and trustworthy development, Pi is likely to continue losing value – and with it, the trust of its community.
