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Pi Coin’s price has been stagnant for quite some time now, a stark contrast to the skyrocketing value of Bitcoin and other cryptocurrencies. As the market continues to move in an unprecedented manner, it is essential to understand the factors that are holding Pi back.
The main reason behind this flat price movement lies within the technical limitations of Pi’s current network setup. The coin operates within its enclosed mainnet phase, where tokens are non-transferable and not accessible on public block explorers. This means they cannot be withdrawn to a real wallet or verified by the core team. Consequently, these IOU representations do not reflect actual supply and demand dynamics.
Another significant issue is Pi’s lack of official exchange listing. It is listed on IOU representations but not on actual tradable tokens. These non-withdrawable tokens are unverified by the Pi core team and do not mirror real market forces. This limited availability severely restricts the potential for price growth.
Moreover, it lacks any on-chain volume, a stark difference from other cryptocurrencies which have decentralized exchanges, staking options, and NFT integration. Its zero footprint or smart contract-based utility renders it vulnerable to organic and speculative growth alone.
In light of these technical limitations, it is unlikely that Pi’s value will surge without significant changes in its fundamental architecture. The only way forward for the coin is through a major overhaul of its current system.
However, with the anticipated open mainnet launch expected in 2025, Pi may unlock its on-chain functionality and transition from speculative mining to tradable tokenomics. It may also implement mechanisms such as vesting periods, locking up early miner shares, or on-chain staking to delay circulation.
In order for Pi to gain long-term value, it needs to evolve into a smart contract-enabled layer 1 platform. This is crucial as it would require developer SDKs, browser-based dApp onboarding and gas fee utility.
The more comprehensive use cases and the broader adoption of this ecosystem, the higher the demand for transactions will be, ultimately supporting Pi’s value increase in late 2025 and beyond.
Source: coinpedia.org
