Pi Coin Price Prediction – Controversy Erupts Over No-Reward Staking Mechanism: Is Pi Going to $0?
2025-07-02 21:35:30
Main Idea
Pi Coin's price has dropped significantly following the introduction of a no-reward staking mechanism, sparking community frustration and raising concerns about its future value.
Key Points
1. Pi Coin (PI) has declined by 19.2% in the past 7 days after the 'Pi Day' event, where a new staking initiative called 'Ecosystem Directory Staking' was introduced.
2. The staking mechanism does not offer rewards, contrary to community expectations, leading to frustration among users.
3. Pi Coin's price dropped from a local high of $0.66 to $0.4750 shortly after the event, reflecting market disappointment.
4. Technical analysis suggests that if the $0.4750 support level breaks, Pi Coin could drop to $0.40 in the near term.
5. The article mentions Best Wallet (BEST), a crypto wallet project that has raised nearly $14M, as a solution for secure storage of cryptocurrencies.
Description
Pi Coin (PI) has plunged by 19.2% in the past 7 days, as fallout from the highly anticipated “Pi Day” event continues to ripple through the community. One key reveal was a new staking initiative dubbed the Ecosystem Directory Staking , where users can lock up their Pi to support favorite apps — with the most-staked apps rising in rank across the network. At first glance, this seemed bullish for the project and the long-term Pi Coin price prediction . But just a day later, the Core Team clarified...
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