The recent bearish market forces caused Pi Network price to decrease by 30% during the past month. The price of Pi Network dropped below $1 while it tests the $0.9 support level after other altcoins along with Bitcoin showed a slight market recovery. The market trends and uncertain developments combine to worsen the existing value decrease experienced by Pi Network. The question remains as to how low will the PI price go as bear pressure mounts.
After its launch in February, the Pi Network price experienced a rapid increase, yet it is now facing a notable downward movement. The currency attained its highest value point at $2.98 before experiencing a quick market downfall. The mainnet launch failed to meet expectations by driving up the PI price since its launch coincided with a price decline.
On February 20, 2025, the lowest Pi price reached $0.6152 while experiencing an enormous 72.61% decline from its peak value. The market continues to show uncertainty because confidence levels are unstable despite some price recovery.
Why Is Pi Network Price Crashing?
The Pi Network value has dropped significantly because more than 99.3 million Pi currency tokens will soon become available for unlocking. Out of the total $91 million valuation the tokens represent, they will enter daily circulation using a 3 million token release schedule for the next 30-day period.
The market will receive its biggest unlock of 6.8 million tokens when April 3 arrives. The upcoming large unlocks for May and June worry the market due to potential liquidity surges and increased sell-offs.
The price devaluation becomes apparent because Pi Network missed the opportunity to be listed among the leading cryptocurrency exchanges, such as Binance, Coinbase, and Upbit. Although users in South Korea find Pi Network very popular, many exchanges, including major platforms, have barred Pi from their platforms.
Holders continue to display concern about Pi project tokenomics because the Pi Foundation holds a large percentage of the total supply which leads to increased fears and panic selling events.
Will Pi Price Recover Soon?
The price of PI has experienced major fluctuations during recent weeks. The price currently challenges $0.8304 support after losing ground from its initial $1.00 peak. The market value of PI Network currently exists within a consolidation pattern which presents an expected price region from $0.70 to $1.00.
The MACD indicator signals bearish characteristics because both its lines exist under the zero threshold. The current RSI value measures 32 which suggests that BTC approaches a condition where it could become oversold. A market reversal might come into play whenever buying pressure strengthens.
The PI price shows signs of continued resistance at present support areas. The value retaining its $0.70 value could enable a positional shift toward the higher zone of $1.00. A failure at current market support might push the token toward $0.50 in relation to wider market conditions.
Asset manager ARK Invest has updated its Bitcoin (BTC) price projections for 2030, now forecasting a bullish scenario where the cryptocurrency could reach $2.4 million per coin. This represents a potential rise of over 2,400% from BTC’s current price.
The updated forecast follows the firm’s previous prediction of $1.5 million. The 60% increase reflects optimism about Bitcoin’s potential.
Will Bitcoin Surge 2,400% by 2030?
According to the latest report, ARK Invest expects Bitcoin to experience a compound annual growth rate (CAGR) of 72% under the bullish scenario. Research analyst David Puell also revealed the updated Bitcoin price projections in the bear and base case scenarios.
The bear case is revised upwards from $300,000 to $500,000, with a CAGR of approximately 32%. Similarly, the base case scenario increased from $710,000 to $1.2 million, reflecting a CAGR of around 53%.
Secondary factors include more countries, including the US, adopting BTC as a reserve asset. Corporate treasuries are also diversifying into Bitcoin, inspired by companies like Strategy (formerly MicroStrategy). Additionally, Bitcoin’s on-chain financial services could drive capital inflows by replacing legacy financial systems.
“While institutional investment contributes the most to our bull case. Interestingly, nation-state treasuries, corporate treasuries, and Bitcoin’s decentralized financial services contribute relatively little in each case,” Puell noted.
Factors Contributing to Ark’s Bitcoin Price Prediction. Source: Ark Invest
Ark’s Bitcoin price prediction for 2030 is based on analyzing Total Addressable Markets (TAMs) and penetration rates across key contributors. It also considers Bitcoin’s deterministic supply schedule. This is projected to reach around 20.5 million units by 2030.
A key innovation in this year’s model is using Bitcoin’s “active supply,” which discounts lost or long-held coins. This approach leads to price targets approximately 40% higher than those based on the base model.
“The estimates constructed with this more experimental methodology are more aggressive than those in our bear, base, and bull cases,” the report added.
Bitcoin’s Bullish Price Forecasts
Meanwhile, Ark isn’t alone in its bullish outlook. Michael Saylor, founder and chairman of Strategy, recently forecasted that Bitcoin’s market capitalization will eventually reach $500 trillion, surpassing gold, real estate, and long-term financial assets to become the leading store of value.
Meanwhile, Standard Chartered foresees Bitcoin going as high as $500,000 by 2028. Adding to the optimistic outlook, IREN’s CEO, Daniel Roberts, stressed that Bitcoin could reach $1 million within the next five years. Thomas Fahrer, co-founder of Apollo, shares a similar outlook.
However, according to Samson Mow, CEO of Pixelmatic, BTC’s value could surge to $1 million by the end of 2025. In addition, investment bank H.C. Wainwright also updated its 2025 Bitcoin price target, raising it from $145,000 to $225,000. Lastly, even with the price volatility, Fundstrat co-founder Tom Lee stated that BTC could do better than $150,000 in 2025.
While the numbers reflect the market’s strong belief in the largest cryptocurrency, it remains to be seen whether these predictions will actually come true.
A lot happened this week in crypto, marking developments expected to continue shaping the industry. Important headlines came from administrative decisions, ecosystem developments, and analysts probing the market outlook.
In case you missed it, the following is a roundup of some of the most important developments in the crypto market this week.
XRP Lawsuit’s Jay Clayton Became New SDNY Attorney
“Trump’s former SEC Chair Jay Clayton has taken his position as interim US attorney for the Southern District of New York. He will serve for up to four months until confirmed by the Senate or appointed by Manhattan federal judges,” former Fox Business reporter Eleanor Terrett reported.
The move came as Democratic leaders in the Senate reportedly hinted at blocking Clayton’s nomination. Trump’s move to install him as interim could see Clayton avoid the Senate confirmation process.
Clayton is the legal expert who initially filed the longstanding legal action between the SEC and Ripple. As it happened, Clayton filed the lawsuit on December 22, 2020, and resigned the next day in what will be remembered as a “parting shot” for the agency.
Pi Network Pioneer Frustration Over Ambiguous Roadmap
Another crypto incident this week concerned Pi Network pioneers. As BeInCrypto reported, the controversial project released its Mainnet Migration Roadmap. However, it failed to impress pioneers as it lacked key details.
Specifically, several gaps sparked concerns, including failing to disclose how many Pioneers remain in the queue. Similarly, it was unable to show the network’s daily migration capacity. The absence of these figures makes it impossible for users to predict when their migration will occur.
Further, opaque criteria for node rewards and the UI’s “Transferable Balance” underestimating actual migrated amounts raised flags. Pi Network also offers no audit or error‑resolution process for users who spot mismatches in their historical mining data, exacerbating the fears.
“I thought we were mining all of these PI coins this whole time? I thought the security circles were the Consensus Mechanism. It kinda seems to me like there isn’t a blockchain, and never was one. What kind of “Blockchain protocol” would “Require” all tokens to be minted at genesis?” one community member wrote.
Pi Network (PI) price performance. Source: CoinGecko
Data on Coingecko shows PI coin was trading for $0.6539 as of this writing, up by a modest 1.1% in the last 24 hours.
Bitcoin Cycle Unfolds Noticeably Different From Previous Ones
More interestingly, BeInCrypto reported a concerning shift: this cycle is unfolding remarkably differently than the past ones post-halving.
In previous cycles, BTC price tended to rally aggressively months after the Bitcoin halving. The post-halving period saw strong upward momentum and parabolic price action.
This trend was largely driven by retail enthusiasm and speculative demand, which proved most pronounced from 2012 to 2016 and 2016 to 2020.
Things are happening differently in the current cycle. Instead of accelerating after the halving, the price surge began in October and December 2024, driven by Bitcoin ETF (exchange-traded funds) hype. This was followed by consolidation in January 2025 and a correction in late February.
PancakeSwap Announces CAKE Tokenomics Date
This week in crypto, PancakeSwap announced the official date for its CAKE tokenomics, April 23. As BeInCrypto reported, key changes included the removal of veCAKE, staking, and revenue sharing, with 5.3 million CAKE to be burned annually to curb supply.
However, there was also controversy as Cakepie DAO pushed back against veCAKE removal. Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.
“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.
Meanwhile, others voiced strong concerns on X (Twitter), criticizing the decision to eliminate veCAKE. Among them was Cakepie DAO, one of the largest veCAKE holders, who called it non-transparent and potentially damaging to projects built around that model.
Against this backdrop, PancakeSwap resorted to a $1.5 million CAKE compensation plan.
“PancakeSwap is willing to provide 1.5M USD in CAKE to CakePie DAO primarily used to compensate CKP Holders if CakePie DAO enables mCAKE holders to redeem 1:1 back to CAKE and opens the redemption page in a timely manner if the proposal passes. Detailed plans will be announced once the mirror proposal on CakePie is completed,” the Head Chef of PancakeSwap wrote.
Data on CoinGecko shows Pancake’s CAKE was trading for $2.12 as of this writing, up by nearly 10% in the last 24 hours.
Zora Airdrop and Token Launch Announcement
Adding to the list of the many events that happened this week in crypto, Zora Network announced that it would airdrop 1 billion ZORA tokens (10% of the total supply) on April 23. The tokens would reward early platform users across two snapshot periods.
As it happened, the crypto airdrop happened in style, sparking confusion as it lacked an official checker or claim site. Users were required to go to the contract address and check their allocations.
Speaking to BeInCrypto, Jesse Pollak, the creator of the Base blockchain, said that one must not understand anything about crypto or the underlying infrastructure before posting on Zora. He also defended the value of content coins, emphasizing their potential for creators despite volatility.
