In the ever-evolving world of cryptocurrencies, Pi Network (commonly known as PiCoin) continues to stand out with its massive user base and ambitious roadmap, drawing comparisons to early giants like Bitcoin and Dogecoin. As of mid-2025, the project boasts over 50 million engaged users worldwide, fueled by its user-friendly mobile mining app. While pinpointing exact active figures remains challenging due to its decentralized structure, this grassroots adoption strategy has created strong network effects, positioning Pi as a contender in the mobile crypto space.
Steady Trading in a Tight Range
Pi’s price has held firm in recent sessions, trading between approximately $0.35 and $0.36 across leading exchanges. According to real-time data, Crypto.com reports Pi at $0.3567, OKX at $0.3549, and CoinGecko at $0.3535. Over the past 24 hours, the token experienced minor dips to around $0.35 and peaks near $0.36, reflecting a -0.45% change with a market capitalization of about $2.9 billion and a circulating supply of 8.2 billion PI.
Market watchers note subtle upward momentum from notable whale activities, including a mysterious holder accumulating holdings valued at $136 million. However, the token remains in a consolidated range, with analysts suggesting improved liquidity could trigger a potential breakout.
Building Utility Beyond the Hype
Unlike many meme-driven tokens, Pi Network is focusing on tangible utility to drive long-term value. The project is advancing its ecosystem with integrations for decentralized finance (DeFi), decentralized applications (dApps), and everyday payments. A recent highlight is the V23 upgrade, which introduces Linux Node support, on-chain Know Your Customer (KYC) processes, and smart contract capabilities, marking a step toward greater decentralization.
Adding to the excitement, Pi Domains auctions are set to conclude on September 30, 2025, potentially boosting merchant adoption and user engagement. These developments aim to transform Pi from a mining app into a robust platform, echoing the growth trajectories of projects like Ethereum, which debuted at $0.30 in 2015 before soaring to thousands.
Community Sentiment: Optimism Tempered by Critiques
On social platforms like X, Pi’s community remains vibrant and vocal. Enthusiastic posts celebrate the expanding Pioneer base, with one user rallying to connect with over 67,000 fellow adopters. Optimism surrounds mainnet advancements, but not without pushback—some voices highlight frustrations over KYC delays and perceived shifts in the project’s narrative.
Market chatter also questions whether Pi is undervalued, a sentiment that’s gaining traction amid broader crypto recovery.
Price Outlook and Potential Risks
Forecasts for Pi vary, with short-term predictions for late 2025 ranging from $0.29 to $0.47. Looking further ahead to 2026-2030, analysts project highs of $1 to $5 if ecosystem growth accelerates and adoption surges, particularly in the mobile crypto sector. Achieving $5 or more isn’t out of reach if Pi captures market share, but it faces stiff competition from established networks like Solana and Polygon.
Pi Network’s accessibility and dedicated community provide a solid foundation, but its future will depend on delivering on promises. As the crypto market matures, projects like Pi that blend mass appeal with real-world utility could emerge as winners—or risk being overshadowed by faster-moving rivals.
Naorem Mohen is the Editor of Signpost News. Explore his views and opinion on X: @laimacha.