Is Pi Network Headed to Zero? Price Crashes to New Low Below $0.60 Simon Chandler | usagoldmines.com

Pi Network has dived by 16% in the past 24 hours, with its fall to $0.5128 coming as the crypto market drops by 1% in the wake of ongoing tariff and recession concerns.

PI has now declined by a whopping 38% in a week and by 74% in a month, raising concerns that it has entered a death spiral.

The token is also down by 82% since reaching an all-time high of $2.99 on February 26, another indicator of a serious decline in interest and confidence in it.

And with no new major exchanges willing to list PI (at least for now), it’s likely to continue declining for as long as the market remains spooked by the incipient trade war between the US and the rest of the world.

Is Pi Network Going to Zero? Price Crashes to New Low Below $0.60

There’s no credible way of sugarcoating what PI is currently experiencing, which is a potentially terminal collapse in value.

As noted above, it has lost 80% of its value since peaking in late February, and its chart reflects its all-but complete loss of momentum.

Its RSI (purple) was already struggling prior to yesterday’s market-wide selloff, yet it has now plunged below 25, which is indicative of serious underselling.

The same goes for PI’s 30-period average (orange), which continues to sink further below the 200-period (blue).

Under a normal circumstances, an asset would have rebounded after suffering such weak indicators for so long, so it’s potentially a sign of a serious problem that Pi Network hasn’t enjoyed a rebound in recent weeks.

And with the global economy entering a period of uncertainty and potentially even recession, it would be foolhardy to expect a sustained recovery anytime soon.

On top of this, Pi Network suffers from low confidence in the wider market, with some traders and analysts continuing to refer to it as either a data-harvesting scheme, a Ponzi, or both.

This lack of faith may account for why the likes of Coinbase, Binance and Kraken have yet to list the token, a fact which is also conspiring to send it lower.

Given these negatives, the only way for Pi Network is down, with the coin likely to sink below $0.50 in the next few weeks.

It could drop as low as $0.40 by June, unless one of the above exchanges does take the step of listing it.

New Altcoins with Stronger Fundamentals

Because Pi Network now looks so doubtful, many traders may be much happier investigating newer tokens, with several up-and-coming coins showing the potential for gains in the near future.

This is something that could be said about MIND of Pepe (MIND), an ERC-20 token that is currently holding its presale, having raised $7.8 million so far.

What’s exciting about MIND of Pepe is that its platform will launch an agentic AI, one which will interact with the cryptocurrency market and social media.

In particular, it will process trading data and social media posts to provide MIND holders with market analysis, helping investors to make better decisions.

It will also generate its own meme coins, using the insights it has gleaned to produce tokens with the highest potential to go viral.

And what makes MIND itself bullish is that holders of the coin will gain early access to MIND of Pepe’s auto-generated tokens, something which could enable them to make big profits down the line.

Investors can join its presale now by visiting the MIND of PEPE website, where MIND currently costs $0.0036671.

This price will rise tomorrow, and will continue to rise incrementally until the sale’s end.

The post Is Pi Network Headed to Zero? Price Crashes to New Low Below $0.60 appeared first on Cryptonews.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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