Gate News reports that on March 19, Pi Network (Pi Coin) is gradually transitioning from the early overvalued IOU stage to a real circulating Layer 1 token, but its price remains under pressure, currently hovering between $0.17 and $0.18. As the mainnet launch approaches in 2026, market focus has shifted from “concept expectations” to “actual user adoption and ecosystem implementation.”
Data shows that Pi Coin previously rebounded close to $0.30 between February and March 2026 but then quickly retreated, indicating insufficient upward momentum. The current market capitalization is about $1.7 to $1.8 billion, significantly reduced from early speculative phases. On-chain analysis reveals that tokens released by long-term “miners” continue to enter circulation, while market demand has not expanded proportionally, leading to supply and demand imbalance, which is a key factor suppressing the price.
The core variable is the actual usage after the mainnet opens. The project team is advancing KYC verification, AI risk control, and account migration, with approximately 2.5 million users having completed migration so far. Meanwhile, the Pi ecosystem is attempting to introduce dApps, payment scenarios, and integration with real-world finance, but market reactions to these developments are cautious, with several technical milestones seen as short-term opportunities for realization.
Price forecasts generally suggest that the 2026 Pi Coin price center is around $0.16 to $0.27, with short-term trading expected to remain within this range. Long-term predictions vary widely; some believe that if ecosystem expansion proceeds smoothly, there is potential for the price to reach $2 to $3 by 2030, contingent on stable mainnet operation, increased user activity, and macroeconomic support for risk assets.
From a trading perspective, Pi Coin resembles a high-volatility, event-driven asset. If the price can stabilize above the $0.23 to $0.25 resistance zone, there could be room to move above $0.30; conversely, if unlocking pressures persist and demand remains weak, the price may repeatedly test lower levels.
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