The price of Pi cryptocurrency has plummeted below the $0.70 mark, hovering near its all-time low just a few cents shy of $0.6152. This sharp decline follows a 77% drop since February’s peak of $2.98, leaving investors concerned about the future of their holdings. While the broader cryptocurrency market experiences an upswing thanks to Bitcoin’s surge past $85,000 and Ethereum remaining strong above $1,850, Pi’s downward trend stands in stark contrast. 125,000 sellers participated in the recently concluded PiFest 2025, the first-ever global commerce event powered by the Pi Open Network. This marked a significant achievement with over 58,000 active merchants participating in real-world Pi use cases such as cafes and boutiques, auto shops, and freelance services, with more than 1.8 million Pioneers utilizing Pi Wallets for transactions. While PiFest showcased the network’s expanding utility, it hasn’t translated into sustained price growth, fueling investor uncertainty and concerns about the token’s long-term value outside of the Pi Network. Limited liquidity, lack of transparency in Pi’s financial health, and a missing clear strategic roadmap are also contributing to this decline, according to analysts. Despite this downturn, the Pi Network remains optimistic. However, the future of Pi’s price depends on whether it can navigate this challenging period and demonstrate a sustainable path to sustained growth within the rapidly evolving cryptocurrency landscape.