The value of Pi Network under pressure: Is a recovery possible if Bitcoin takes control?

Since its listing on centralized exchanges, Pi Network has experienced a dramatic decline that has significantly eroded Pi’s value. Currently trading at $0.20, the token is far from its all-time highs, having collapsed 87% from its peak of $3.00 reached in 2025. Despite a 7.64% rebound in the last 24 hours, investors still wonder whether Pi’s value can recover in a bullish Bitcoin scenario.

Historic Drop: From Glory to Uncertainty

Pi’s price has undergone a tumultuous journey in recent months. After reaching its all-time high of $3.00 in February 2025, the token entered a downward spiral, hitting a low of $0.05. With a market capitalization of $1.90 billion, Pi remains relevant in scale, but its price performance has raised serious concerns among the investor community, which expected greater stability after years of development.

Weak Performance: Pi’s Paradox Compared to Bitcoin

A detailed analysis of price behavior reveals a discouraging pattern. According to crypto analyst Dr. Altcoin, Pi has shown an asymmetric correlation with Bitcoin over the past 10 months. When Bitcoin rises, Pi tends to move slowly and moderately upward. Conversely, when Bitcoin falls, Pi experiences sharper declines than the average altcoin, amplifying losses. This behavior suggests that Pi is not capturing enough demand when market conditions are favorable.

Obstacles Hindering Pi’s Value

Several factors converge to limit Pi’s potential recovery. First, there is considerable uncertainty surrounding the project’s roadmap. Although the Pi Core Team has announced plans extending through 2026, many critical details remain opaque, fueling doubts within the community about the project’s future.

Additionally, pressure related to token unlocks continues to be a latent concern. While some indicators suggest a slow decrease in exchange liquidity, investors remain tense about the possibility that new unlocks could generate selling pressure. The support level at $0.20 acts as a critical line; a break below could accelerate the downward trend.

Real Utility: The Foundation for Pi’s Value Recovery

Beyond short-term market noise, Pi advocates argue that Pi’s true value should not be judged solely by speculative fluctuations. They contend that the project’s long-term trajectory depends on real-world adoption, not hype cycles.

Potential drivers of Pi’s medium-term value include:

• Implementation of Pi payments in real transactions
• Development of native applications and markets built on Pi
• Growth of developers integrating Pi into their ecosystems
• Acceptance of Pi by merchants for everyday services and goods

From this perspective, Pi’s value will follow a path determined by active participation and practical use, not uncontrolled speculation. True recovery will depend on the Pi Core Team turning their promises into tangible utility.