The post What’s Next for Pi Coin Price as Miners Capitulate? appeared on BitcoinEthereumNews.com.

Pi Network price might face intense volatility after a rapid decline in mining activity. Miners appear to be disinterested in Pi Coin, causing concerns about network security and investor confidence. As the mining activity declines, as risk assets face intense pressure from macroeconomic concerns, will the Pi Network token rebound, or should traders brace for more dips? Pi Network Price Analysis as Miners Capitulate  Pi Network price trades at $0.603 today with a slight 1.8% gain in 24 hours. These gains follow a modest recovery across the broader crypto market, as Bitcoin price rebounded above $82,000.  Analysts have now stated that Pi Network miners are giving up. One noted that they are likely capitulating because the already mined coins have not been moved to their wallets. He stated, Pi Coin Mining Miners are crucial to price stability and performance. If these stakeholders are exiting the network, it might fail to bode well for Pi Network price, as it shows reduced confidence in the future performance of this altcoin.  At the same time, reduced mining activity could be a double-edged sword. This decline may spark a decline in the supply, which could be bullish for Pi Coin price. Pi Network Price Tracks Bitcoin  Dr Altcoin believes that supply and mining activity will not be the only factor that will shape the Pi Network price forecast. He observed that Pi Coin has been tracking Bitcoin price, and would continue to do so until there is a surge in utility.  PI/BTC Chart A previous Coingape article reported that Pi Coin’s usage is rising across the Asian market. This is after the token was adopted as a means of payment by a skincare brand in South Korea.  Strategic partnership deals like the one with Banxa and Zito Realty in the US might also be…

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Filed under: News - @ April 11, 2025 10:20 pm