- Pi Network launched a Pi domain auction and improved Mainnet features on its sixth anniversary.
- Pi Coin trades at $1.39, down 7.72% in the last 24 hours, with a market cap of $9.66B.
Pi Network marked its sixth anniversary on March 14, 2025, known as Pi Day. The project introduced major ecosystem upgrades, including a Pi domain auction mechanism. Users can now secure domain names for businesses, brands, and personal use. This move enhances Pi Coin’s utility and strengthens the network’s infrastructure.
Pi Network also improved its Mainnet interface and expanded Mainnet applications. These upgrades aim to provide a better user experience. Additionally, PiFest has begun, allowing users to spend Pi Coin within the ecosystem. Despite these positive developments, Pi Coin’s price has declined.
Pi Coin Market Performance
Pi Coin has seen high volatility since its mainnet launch. The token initially surged to $2.10 before dropping to $1. Speculation about a Binance listing fueled excitement, but Binance has denied confirming a listing. Users who completed their KYC process are struggling to transfer Pi tokens.
As of now, Pi Coin trades at $1.39, reflecting a 7.72% daily decline. Its market cap stands at $9.66 billion, down 8.56%. The trading volume is $358.18 million, marking a 10.37% decrease. The token’s fully diluted valuation (FDV) is $139.38 billion, with a circulating supply of 6.93 billion PI. Pi Coin faces resistance at $1.50 and support at $1.30. If the price breaks above resistance, it could aim for $1.70. A drop below support may push it toward $1.20.
The Relative Strength Index (RSI) is 39.10, signaling weak momentum. The 14-day RSI average stands at 40.88, indicating oversold conditions. A bounce from this level could trigger a short-term recovery. The Chaikin Money Flow (CMF) is -0.12, suggesting capital outflows. This indicates a lack of strong buying pressure.
For a bullish reversal, Pi Coin must break above resistance and regain investor confidence. Traders should watch volume trends and RSI movements for potential recovery signals.
Highlighted Crypto News Today
OKX Suspends DEX Aggregator Services to Implement Security Upgrades
