Pi Network Price Today March 2, 2025: Continues to Drop Sharply
Pi Network price today March 2 dropped sharply by 14.6%, currently at $1.94. If Pi is listed on Binance, Pi Network price could double or triple.
Pi Network Price Today
Pi price on OKX exchange on March 2, 2025 is fluctuating around the price from 1.93 USD to 2.35 USD (equivalent to 49,250 VND to 59,930 VND). Thus, compared to yesterday, Pi price on OKX exchange decreased by about 14.6%.
Recently, there are rumors that Binance, one of the world's largest cryptocurrency exchanges, may list Pi Network. If Pi is listed on Binance, many people predict that its price will increase sharply, possibly even doubling or tripling. This is because cryptocurrencies often tend to increase in price sharply after being listed on major exchanges like Binance.
Some experts and influencers in the crypto industry predicted that Pi could hit $10 shortly after its listing on Binance. Despite the general market decline, Pi has come close to $3, and many believe it could hit $5 by the end of April.
Another factor contributing to the rise in Pi's price was the public spat between ByBit CEO and Pi Network founder Nicholas K. This spat attracted a lot of attention from the community, which in turn positively impacted Pi's market value.
Practical applicability remains questionable.
According to Tuan, a cryptocurrency investor, when the market is more stable and practical applications of Pi are widely deployed, the value of this currency can increase significantly. However, he also warned: 'If you mine Pi for free, there is nothing to lose, but if you invest a lot of money in buying and selling Pi, this is a risky investment channel. The reason is that Pi Network does not have a clear legal basis and has not proven its real value in the cryptocurrency world.'
Ms. Le Ngoc Ha, an individual investor in Hanoi, also shared a similar view. She emphasized: 'The strong fluctuations of Pi Network mainly come from the FOMO (fear of missing out) mentality and manipulation by interest groups. Currently, Pi Network still lacks transparency in its operations and has not been legally recognized in many countries. This makes the risks greater than the opportunities. If Pi wants to prove its true value, it needs to have practical applicability, not just rely on community expectations. Right now, everything is still very vague.'
Industry experts are also cautious.
Industry experts are also cautious about Pi Network, especially the project's legal issues and operating model. It is worth noting that Pi is still controversial because its ecosystem is still in the development stage. Most users have not been able to transfer their mined Pi to exchanges.
Additionally, experts say that because the supply of Pi traded on the exchange is limited, the value of this coin is governed by a very small supply and demand. This means that current transactions may not reflect the true value of the entire Pi Network ecosystem.
In fact, the amount of Pi traded on the market is only a tiny fraction of the total amount of Pi that has been mined. Currently, only about 6.4 billion Pi out of a total of 100 billion Pi have been transferred to the mainnet. According to ExplorerPi's report, only about 87 million Pi are actually available for trading.