Pi Coin: Digital Ghost Town or Sleeping Giant? FOMO Reaches Fever Pitch

Three years after its mainnet launch, Pi Coin still trades like a meme—no major exchanges, no real utility, just a cult following clinging to the promise of ’free crypto.’

Yet whispers of an imminent listing surge through Telegram groups. True believers point to the 35 million ’engaged users’ (read: people who tap a button daily). Skeptics see another vaporware project—the crypto equivalent of a timeshare presentation.

Here’s what we know: The core team dropped vague ’ecosystem expansion’ hints last quarter. A shady OTC market values PI at $0.30—conveniently ignoring the 99% of tokens locked in mining wallets. And yes, someone actually tried to pay for a Tesla with Pi last month (spoiler: the dealership laughed).

Either Pi’s about to pull a Solana-style breakout... or it’ll join BitConnect in the crypto graveyard. Either way, the FOMO is delicious—Wall Street hedge funds could never engineer this level of irrational hope.

Pi Crypto Displays Consolidated Price Action This Week!

Despite the ongoing market volatility, the Pi coin has maintained a neutral price action over the past few days. This highlights a reduced interest among investors in it. Notably, the altcoin has recorded a variation of plus or minus 3% over the past week. Moreover, with a listed price of $0.64, it has a market cap of $4.49 billion.

The Simple Moving Average (SMA) has experienced a positive crossover in the daily time frame. This indicates a significant rise in the buying pressure for the altcoin in the cryptocurrency space.

Furthermore, the technical indicator RSI is on the verge of witnessing a bullish convergence. Considering the present market sentiment, the price of Pi coin could continue gaining momentum during the upcoming weekend.

Will Pi Coin Ever Rise Again?

If the bulls regain their lost momentum, this could result in the Pi Network price preparing to retest its resistance level of $0.825. Furthermore, if the bulls outrun the bears, the price of PI crypto could head toward its upper resistance zone of $1.

On the other hand, if the bearish sentiment intensifies, in that case, the price of this altcoin could plunge toward its crucial support level of $0.50 during the coming days.

Also Read: Pi Coin eyes 50% Rally As Pi Network Explains Tokenomics