Pi Network Price Today March 31, 2025: Continuously decreasing, Pi Network is considering coin burning measures

Pi Network Price Today 31/3/2025

The price of Pi on the OKX exchange on March 31, 2025 is fluctuating around the price range from 0.7586 USD to 0.8103 USD (equivalent to 19,400 VND to 20,720 VND). Thus, at the time of writing, the price of Pi on the OKX exchange decreased by 3.4% compared to yesterday, reaching 19,460 VND.

Pi was once expected to become a top 10 altcoin by market cap, but is now struggling to hold a spot in the top 30. In the past 24 hours, Pi's price has dropped to a record low of $0.76, leaving its market cap at just $5.6 billion.

Pi has lost more than 65% of its value since last month's peak, with a drop of nearly 24% this week alone. Cryptocurrency analyst bullstraders7 warned that Pi could continue to fall to $0.60, the last major support before it falls further. This news has investors even more worried, especially those who are still hoping for a quick recovery.

Pi Network is considering coin burning

To ease concerns about the continued decline in Pi prices, Pi Network is considering coin burning. This is a method used by many cryptocurrency projects to reduce supply on the market, creating scarcity to push prices up.

The idea is simple: the fewer coins in circulation, the higher the value of each remaining coin. Pi Network hopes that coin burning will promote more active trading, increase investor confidence, and help the Pi price reverse and increase again.

However, the effectiveness of this strategy depends on many factors, such as the amount of coins burned and how it is implemented. If the amount of coins burned is too small, the supply will not decrease significantly, and the price of Pi will hardly increase as expected. On the contrary, if the coin burning strategy is implemented reasonably and is large enough, this can attract the attention of investors and create a strong price increase wave.

On the other hand, some experts argue that coin burning alone may not be enough to save Pi if the project lacks fundamentals. A price increase based solely on token scarcity will not be sustainable without real-world applications and long-term demand. To maintain sustainable value, Pi Network must demonstrate the coin’s real-world applicability.

Therefore, the next steps of Pi Network will be decisive. If coin burning creates enough scarcity, Pi price can recover in the short term. However, for long-term development, Pi Network must build real value outside of speculation, to stabilize investor confidence and ensure a sustainable future for the project.

Source: https://baonghean.vn/gia-pi-network-hom-nay-31-3-2025-lien-tuc-giam-pi-network-dang-can-nhac-bien-phap-dot-coin-10294100.html