Pi Network worth has come below robust promoting stress, dropping one other 8% to $1.45 as we speak. However, the current buzz across the launch of Pi domains may change the trajectory of Pi Coin, pushing it again to above $2 as soon as once more.
Pi Network Launches Domain Bidding with Pi Coins
In the most recent improvement, Pi Network introduced the launch of .pi domains permitting customers to solely bid within the native cryptocurrency, i.e. Pi Coin. The occasion already kicked off on Pi Day on March 14, and can proceed additional till Pi2Day, as much as June 28, 2025.
The public sale represents a major step for the Pi ecosystem, because it creates a real-world utility case for the cryptocurrency. According to the announcement:
“The .pi Auction is fully run on Pi cryptocurrency—people need to use Pi to bid and purchase something that has real-world meaning and purpose.”
The group additionally introduced that it received’t settle for every other digital property besides for Pi Coins. All proceeds from the public sale shall be reinvested into the Pi ecosystem, supporting developer packages, occasions, and initiatives that improve Pi’s utility.
Heavy Rush for Amazon, Samsung and Tesla Pi Domains
Soon after the announcement throughout the Pi Network ecosystem, .pi domains linked to prime corporations equivalent to Tesla, Samsung, and Amazon have been bid on a single pockets handle. The whole expenditure for these bids quantities to a considerable 60,000 Pi Coins (PI).
This exercise highlights rising curiosity in Pi domains, showcasing the platform’s potential to create a aggressive market centered round unique naming rights throughout the Pi Network.
The public sale construction for .pi domains features a dynamic timeframe for particular person area bidding. While the general public sale has a hard and fast finish date, particular area auctions shall be prolonged if new bids are positioned inside 24 hours of their scheduled conclusion.
Pi Coin Action Moving Ahead
Ahead of the Pi Day on March 14, merchants had turned more and more bearish about Pi Coin eroding almost $1 billion market cap for the altcoin. As per the Coinglass data, the open curiosity has additionally dropped 6% within the final 24 hours.
Crypto market analysts are hopeful that the PI worth will stage a bounce again from the $1.45 ranges. On an instantaneous foundation, Pi Coin first must reclaim $1.56 ranges, which can open additional gates for a rally to $2 and past.
It shall be attention-grabbing to see whether or not market analysts flip bullish forward of right here. Some market analysts have additionally been predicting a PI price rally to $10 shifting from right here onwards.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to give attention to rising Blockchain expertise and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary abilities.
Disclaimer: The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability for your private monetary loss.
