Pi Coin (PI), the native cryptocurrency of the Pi Network, has garnered significant attention in the crypto community.
Launched in 2019, Pi Network introduced a mobile mining model, allowing users to mine coins using their smartphones. However, as the project progresses, analysts have shared diverse perspectives on its potential and challenges.
Positive Outlooks: Momentum and Community Engagement
Some analysts view Pi Coin’s recent price movements and community engagement as promising signs. Analyst Xia noted that Pi Network’s momentum is building rapidly, with the coin’s price surpassing the $0.60 mark and strong trading volume. She highlighted that the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are turning bullish, suggesting potential for further gains .
Momentum’s building fast
🪅 $PI smashes through $0.63 with strong volume, touching a high of $0.6441 before settling into consolidation
RSI climbing, MACD turning bullish
Over 58K sellers and 1.8M users on Map of Pi during #PiFest adoption is undeniable
🗯️ Still fading… https://t.co/7HqB02RgSp pic.twitter.com/GyyNAJRzIQ
— Xia 🦄 (@xiaweb3) April 16, 2025
Additionally, during the Pi Fest celebration, over 58,000 active sellers and 1.8 million users on the Map of Pi were reported, reinforcing the positive outlook for Pi Coin’s price .
Cautious Perspectives: Concerns Over Market Dynamics
Despite the optimistic indicators, some analysts express caution regarding Pi Coin’s market dynamics. Dr. Altcoin raised concerns about potential wash trading via Banxa-linked micro wallets, which could lead to price volatility. He warned that such activities might result in a price drop toward $0.44–$0.45 .
#Banxa is creating many new accounts, each with a balance of 0.98 Pi. This could lead to price volatility soon. pic.twitter.com/Z4zxgp8Cgg
— Dr Altcoin (@Dr_Picoin) April 17, 2025
Furthermore, the unlocking of 7.8 million Pi Coins on April 19 could increase sell pressure, risking a price dip despite the recent 6% rally .
Long-Term Viability: Challenges and Considerations
Analysts also point out several challenges that could impact Pi Coin’s long-term viability. Thangapandi Durai, CEO of Koinpark, emphasized the uncertainty surrounding Pi Coin’s transition from a closed network to an open market, noting that its true market value remains untested .
Sathvik Viswanathan, Co-founder and CEO of Unocoin, highlighted concerns about Pi Coin’s lack of full blockchain integration and absence from major exchange listings, which raises questions about liquidity and usability .
Conclusion: A Project in Transition
Pi Coin stands at a crossroads, with its innovative mobile mining model attracting a substantial user base. While some analysts are optimistic about its momentum and community engagement, others caution about potential market manipulations and challenges in achieving long-term viability. As Pi Network continues its development, the coming months will be crucial in determining whether Pi Coin can establish itself as a sustainable and valuable cryptocurrency
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/what-do-crypto-analysts-think-about-pi-coin/