Pi Network price today, May 21, 2025: Pi Network faces many challenges after Consensus 2025.
Pi Network's price today, May 21, 2025, increased by 2.3% compared to yesterday, currently standing at $0.7392 USD. Pi Network faces many challenges after Consensus 2025.
Pi Network price today, May 21, 2025
The price of Pi on the OKX exchange on May 21, 2025, is fluctuating around $0.7174 to $0.7464 (equivalent to VND 18,620 to VND 19,370). As of the time of writing, the price of Pi on OKX has increased by 2.3% compared to yesterday, reaching VND 19,190.
The correlation between Pi Network and Bitcoin has weakened significantly. A negative correlation index of 0.16 indicates that Pi is no longer closely following Bitcoin's trend, while the leading cryptocurrency continues its upward momentum around the $106,000 mark.
Technical signals are unfavorable for Pi Network. The MACD has shown a negative crossover, indicating weakening upward momentum. Without broader market support, there is a high probability that Pi will fall below the $0.71 support level.
A breach of this level could cause the price to continue falling to $0.61, further deepening losses for investors.
However, if the entire cryptocurrency market enters a strong recovery phase, Pi Network still has a chance to rebound. In that case, the price could break through the $0.78 resistance level and head towards the $0.87 region.
In the best-case scenario, Pi could move closer to the $1.00 mark, thereby weakening the current downtrend and restoring some investor confidence.
Pi Network faces numerous challenges after Consensus 2025.
Following Dr. Nicolas Kokkalis' inspiring speech at the Consensus 2025 conference, in which he highlighted the growth potential of Pi Network in the AI era and the decentralized future, the expert "Dr Altcoin" has spoken out in response.
He argued that overly optimistic expectations about the Pi Network ecosystem did not fully reflect the structural and implementation challenges.
Although the number of applications built on the Pi platform is increasing, "Dr. Altcoin" warns that without a dedicated investment fund, developers will struggle due to a lack of capital and direction.
The process of selecting, evaluating, and funding viable projects can take at least 6 to 12 months. Even after approval, the disbursement time can extend further by 3 to 6 months, directly impacting the deployment progress of DApps.
Furthermore, it takes 1 to 2 years to develop products with high applicability and security. According to him, without comprehensive preparation, from resources to technical infrastructure, the Pi Network ecosystem will need at least 2.5 to 5 years to fully develop.
