While Bitcoin price and several altcoins have recently reclaimed or surpassed all-time highs, Pi Network’s price remains stagnant, raising questions among its massive mining community. The gap between broader market performance and PI’s subdued valuation highlights deeper technical and structural issues. With the open mainnet anticipated in 2025, understanding Pi’s current position and its post-launch potential is critical for any price forecast.  

What’s the reason behind the sluggish Pi price rally? Will it rebound and rise in the coming months?

Why Pi Price Isn’t Surging with the Crypto Market

In the times when most of the altcoins are attempting to rise above the local resistance and slip the persisting bearish trend, Pi price remains calm. This divergence is rooted in technical limitations and market structure. Here are some reasons why the PI price is failing to gain strong bullish momentum.

• Enclosed Mainnet: It operates in its enclosed mainnet phase, where the PI tokens are non-transferable, not accessible on public block explorers and restricted to Pi’s internal apps

• No Official Exchange Listing: The crypto is listed on IOU representations but not on the actual tradable tokens. These cannot be withdrawn to a real Pi wallet, are unverified by the Pi core team and do not reflect real supply/demand dynamics.

• No On-Chain Volume: Unlike the other cryptos, PI does not have exchange access, high on-chain activity, DeFi, staking or NFT integration. It has zero footprint or smart contract-based utility, which makes it limited to organic and speculative growth

What Could Change in the Rest of 2025?

With the open mainnet launch expected sometime in 2025, Pi may finally unlock its on-chain functionality, shifting from speculative mining to tradable tokenomics. Besides, the Pi Core team has hinted at phased token unlocking mechanisms, including vesting periods, locking up for early miners and on-chain staking to delay circulation. 

On the other hand, to gain long-term value, Pi needs to evolve into a smart contract-enabled layer 1. This requires developer SDKs, dApp onboarding via Pi browser and gas fee utility for PI. The broader the use cases, the higher the transactional demand, which will support value accrual to native tokens in late 2025 and beyond. 

Pi Price Prediction 2025: Does PI have an Upside Potential to $5?

PI has been experiencing massive selling pressure since its launch, which has shaken the confidence of the investors. As a result, the price has been maintaining a strong descending trend with fewer chances of a rebound. With the bears dominating the rally, is it possible for the PI price to rise to $5 in 2025?

As seen in the above chart, the price is extending the falling wedge as the bears are nullifying the attempt for a breakout each time. The Bollinger bands have squeezed, which suggests a drop in the volume and volatility. This usually results in a massive breakout, but in the case of PI one cannot expect a larger price action. Mainly because the RSI is trading extremely lower, hinting towards a drop in the strength of the rally. With this, the possibility of a strong upswing could not be feasible in the near future. 

However, the market sentiments could change with the launch of the mainnet and with this, the Pi Network price is expected to rise beyond the current highs.