Pi Network Price Today March 3, 2025: Still falling sharply, why?
Pi Network price today, March 3, continued to drop sharply by 18.2%, currently at 1.71 USD. Why did Pi price continue to plummet for 3 consecutive days?
Pi Network Price Today
Pi price on OKX exchange on March 3, 2025 is fluctuating around the price from 1.61 USD to 2.11 USD (equivalent to 41,160 VND to 53,850 VND). Thus, compared to yesterday, Pi price on OKX exchange decreased by about 18.2%.
With Bitcoin fluctuating between $85,000 and $86,000 per BTC, the cryptocurrency market in general is still going through a period of uncertainty. Without positive news from the US or supportive policies, Bitcoin may continue to adjust in a slow trend.
With Pi Coin, the situation is even more unpredictable. If the crypto market stabilizes, Binance may soon break its silence and make a decision on listing Pi Network. However, before that happens, the speculation surrounding this will cause a lot of controversy and strong price fluctuations.
Why Pi Network Coin is Plunging
Unlike Bitcoin or traditional cryptocurrencies, the price of Pi Coin is not driven by macroeconomic factors such as global finance or technology. Instead, the price of Pi is mainly determined by supply and demand within the coin-holder community.
When many people sell at the same time, the price of Pi can drop sharply. On the contrary, if there is strong support from the community and "big players" want to push the price up, the price of Pi can increase. However, this makes Pi a very volatile cryptocurrency, and there is no solid basis to predict future price trends.
The crypto market is currently in a state of extreme anxiety, as the excitement over the possibility of Binance listing Pi is slowly cooling down.
Binance held a poll to see if the community wanted Pi listed. The results showed 85% of participants were in favor, but Binance remained silent, leaving investors uneasy. This raised doubts: does Binance really want to list Pi or is this just a marketing strategy to create media effects?
If Binance is indeed preparing for a Pi Coin listing, this could push Pi’s price even higher. Conversely, if the vote is just a publicity stunt, Pi’s price could continue to fall as investor expectations wane.