Price Prediction of Pi Coin – Controversy Erupts Over Non-Rewarding Staking Mechanism

Pi Coin (PI) has fallen 19.2% over the past 7 days as the impact from the highly anticipated "Pi Day" event continues to spread within the community. An important revelation is the new staking initiative called Ecosystem Directory Staking, where users can lock their Pi to support their favorite applications — with the most staked applications increasing their ranking across the network. At first glance, this seems optimistic for the project and the long-term price prediction of Pi Coin. But just one day later, the core team clarified that this staking mechanism would not provide any rewards for users — a significant change from the conventional staking models in cryptocurrency. This decision has caused disappointment within the Pi community, who were expecting incentives in exchange for locking tokens, especially since staking traditionally helps secure blockchain networks and promotes adoption. The Pi Core team clarified that it is "unreasonable" for the project to promote specific applications through staking rewards. On the contrary, they encourage each protocol to offer incentives that they deem appropriate to encourage users to lock their tokens.

After reaching a local high of $0.66, Pi Coin began to fall sharply until it reached $0.4750 just four days after "Pi Day". Once again, the development team has failed to attract market participants while the circulating supply increase from daily token unlocks has continued to push the price down. Price prediction for Pi Coin: PI could reach a new all-time low if this happens. When looking at the 4-hour chart, we can see that the level of $0.4750 has compensated for the previous fall once. The price has closed with an increase in the last 12 hours when it reached that level. This confirms its relevance to market participants, especially if the latest 4-hour candle breaks through the token's descending wedge pattern. This will support an upcoming rally towards the $0.57 area.

Meanwhile, breaking this important support level could boost the price prediction of Pi Coin to $0.40 in the near future. Therefore, we may not have seen Pi Coin hit the $0 mark yet, but the latest disappointment regarding the staking mechanism with no guaranteed rewards could push the price of this coin down to a new all-time low.