Türkçe
Español
Pi Network‘s main network asset, Pi Coin, has decreased by 8% to $1.45 due to strong selling pressure. However, the ongoing domain name auction and strategic moves within the ecosystem raise the potential for price recovery. Experts suggest that surpassing the $1.56 mark could pave the way for Pi Coin to exceed $2. Recent developments are drawing significant attention from the community to the Pi ecosystem.
The .pi Auction is Live: Running Until June 28
Pi Network has launched an auction for domain names ending in .pi to enhance its ecosystem. This auction, starting on March 14, is exclusively conducted using Pi Coin and will continue until June 28, 2025. The event aims to increase real-world use cases for Pi Coin and accelerate ecosystem adoption.
Intense Interest in the Auction has been observed, particularly for domain names associated with major tech companies. High bids have been placed for domains linked to names like Tesla, Samsung, and Amazon. This surge of interest reflects a strong demand for the Pi ecosystem. The auction will automatically extend if new bids are made within the last 24 hours. This mechanism encourages the use of Pi Coin while making the ecosystem more dynamic.
The Pi Network team announced that the revenue from the auction will be reinvested into the ecosystem. The funds raised will be used to finance developer programs and events, thereby broadening the use cases for Pi Coin and supporting community growth.
Future Expectations for Pi Coin
Despite recent declines, market analysts indicate that Pi Coin’s price could rebound. A break above the $1.56 level is particularly promising for a rise towards $2. The intense interest in the .pi domain auction and ongoing ecosystem investments are seen as factors that could elevate Pi Coin’s value.
According to market data, the value of open positions for Pi Coin has dropped by 6% in the past 24 hours. Traders are closely monitoring the auction’s effects on the altcoin market. Increased trading volumes on the platform provide insights into future price movements.
Statements regarding the Pi Network ecosystem emphasize that the auction is viewed as a long-term investment vehicle. This process requires the use of Pi Coin, potentially strengthening Pi Network’s position within the cryptocurrency market. As the auction progresses, there is great anticipation regarding how Pi Coin’s price movements will unfold.
