Pi Network, which previously traded around $3, has now dropped below $0.30 and is currently trading at around $0.1154, which represents a decrease of about 96.17% from its all-time high.
The sharp drop in Pi Coin’s price has dampened investor interest in the project. As a result, crypto founder and entrepreneur Tabraiz Shams, who previously supported the Pi Network, now describes it as a “dead project.”
Pi Coin Price Trend Continues to Sell Under Pressure
According to Tabraiz ShamsThe main reason why Pi Coin went down is to issue its tokens.
“There are many things that need less.”
Currently, the Pi Network has 100 billion tokens, of which only 10.89 billion tokens are in circulation.
Shams argues that the main tokens are one of several factors that weigh on Pi Coin. He also believes that the service does not yet have enough use cases around the world to support such a large number.
Looking ahead, Mr. Shams believes that the next crypto market may be driven by Layer-1 blockchains, international exchanges, AI-related projects, and emerging issues rather than community mining.
“The era of mining programs and human-driven projects is long gone.”
He says that projects that do not have real-world relevance may face difficulties in attracting users and investors in the future market.
Is the Pi Network Becoming a “Dead Job”?
Based on his analysis, Shams disputes that Pi Network it is slowly becoming a “dead job.” He believes that the profession is already facing serious problems, and that the reform of the administration is necessary. management |
According to Shams, as crypto regulations increase in many areas, investors tend to prefer projects that have high standards, compliance, and environmental protection.
“If I was holding a Pi, I would have decided to move my money to stronger assets like Bitcoin or other altcoins that have real value.”
Will Pi Network Hit $3 Again?
Pi Coin continues to experience selling pressure due to frequent monthly openings, which increase the volume of transactions.
On average, 100 million Pi tokens are expected to enter each month until June 2029, with an additional 3 million tokens expected to be activated in the final month. At current demand, the market may struggle to accommodate these additions, which could lead to lower prices.
By mid-2029, circulation will reach around 14.5 billion Pi tokens. Assuming that supply level, the price of $3 Pi Coin would mean raising the market to about $43.5 billion, putting it together with major cryptocurrencies such as XRP, Solana, and TRON.
Achieving such a calculation would require millions of users, based on virtual reality, a developed environment, and a demand for more power than is available today.
Based on these factors, Shams does not expect Pi Coin to return to its all-time high near $3, although he admits that long-term rallies are possible.
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