LET'S GET REAL ABOUT PI NETWORK
Contents
- Pi's Current Standing: Riding the waves down, Pi Network's Pi (PI) coin is at $0.59 as of May 6, 2025 - a steep 80% drop from its February peak of $2.99.
- Fading Hope: Trading volume took a nose-dive by 49% in a day, plummeting to just $34.95 million. This aren't great numbers for a top 30 cryptocurrency, according to CoinMarketCap. Pi slid by 4% over the last week.
- Busted Partnership Myth: All that buzz about a partnership with French banking titan BNP Paribas? Don't believe a word of it. Not all the 'evidence' was legit, and BNP Paribas ain't been nosey about any partnership with Pi Network.
- Technical Struggles: Analysts warn that if Pi breaches its current support of $0.50, it might tumble down to the darkest depths of $0.30, if the bear market rages on.
- Listed Future Uncertain: Binance ain't made no official moves on listing Pi Network's cryptocurrency, despite 86% community backing in February. The massive flock of Pi Network users, built on its mobile-first mining model, are wondering what's up with that.
Partnership Poppycock
Trading volume for Pi Network's token (PI) falls 49%, approaching a value of roughly $0.59.
Recent Pi Network whispers pointed to a partnership with BNP Paribas, with 'Pi Coin Magazine' and 'The Times of PiNetwork' claiming a 'Pi Nexus Banking System' API integration. Alas, it was all bullsh*t. The so-called evidence – a GitHub repository – turned out to be nothing more than an unverified, independent file without any official ties to BNP Paribas.
Don't hold your breath waiting for a confirmation from BNP Paribas – they ain't said squat about a Pi Network collaboration. Similar collaboration proposals for companies like Apple Pay and PayPal haven't materialized yet, neither.
When the 'partnership' news broke, Pi Network's price stayed put. No big rally, no nothing, ‘cause there was no official confirmation to back the claims. The lack of quick action from Pi Network's official channels to diffuse the fake news don't help matters either.
As it stands, Pi Network's Relative Strength Index (RSI) hovers near neutral at 42, while the 30-day moving average meanders below the 200-day average – classic signs of a slow-moving market.
Big Exchange Blues
While Binance hasn't confirmed any plans regarding Pi Network, its absence from major exchanges like Binance and Coinbase keeps Pi Network's liquidity and visibility at a minimum for the average investor.
Back in February, Binance conducted a community vote, with 86% of participants backing Pi Coin's potential listing. However, Binance ain't revealed any further plans for PI, and Pi Network's centralized control structure and unsupported blockchain network might be why.
Pi Network's strong following is a testament to its mobile-first mining model, which has drawn millions of users since 2019. Despite its unique features, the network still faces questions about utility, exchange access, and real-world integrations—all factors impacting its exchange listing potential.
What's next for Pi crypto? If trading volumes keep dropping and no credible partnerships surface, that $0.50 support might go down quicker than you can say 'Pi Network.' That'd lead us to dark times reminiscent of $0.30 – a 50% drop from the current levels. Scary stuff for early adopters and Pi mobile miners.
At press time, Pi Network was trading around $0.59, up 0.63% in the last 24 hours. Keep an eye on this space for more Pi Network updates!
- The rumors about Pi Network partnering with BNP Paribas have proven to be false, as no official announcements have been made, and the so-called evidence was an unverified, independent file.
- Binance's silence on potential plans for Pi Network's cryptocurrency listing keeps Pi Network's liquidity and visibility at a minimum for the average investor, with only 14% of its thriving user base having access to major exchanges.
- The lack of credible partnerships and Pi Network's centralized control structure, unsupported blockchain network, and questions regarding utility are hindering its exchange listing potential.
- If the current trend of dropping trading volumes continues and no credible partnerships surface, Pi Network might struggle to maintain its support of $0.50, leading to a potential drop as low as $0.30, which would be a 50% decrease from the current levels.
- Despite the challenges, analysts warn that investors should remain cautious but not panic as they closely monitor Pi Network's movements in the constantly evolving world of finance and cryptocurrency.
