Connect with us
DAPA Banner

Crypto World

can Pi escape its range in 2026?

Published

on

Pi has morphed from a hyped IOU into a battered $0.18 L1; 2026’s open mainnet will decide whether it earns real usage or just fuels another round of unlocked sell pressure.

Pi Network (PI) has moved from a hyped IOU narrative to a battered, liquid L1 asset trading around the mid‑$0.17–$0.18 range, with its next leg entirely dependent on whether the 2026 open mainnet phase actually delivers real usage instead of just unlocked sell pressure. Treat it like any other high‑beta alt: structurally cheap on optics, structurally dangerous on tokenomics and execution risk.

From IOU hype to $0.18 L1: can Pi escape its range in 2026? - 1

Where Pi Trades Now

Pi sits near $0.18 with a market cap around $1.7–1.8 billion, down sharply from its speculative IOU blow‑off in 2022 when prices briefly printed triple‑digit wicks on thin order books. Recent price action tells you everything: the token rallied roughly 80–90% into late February–mid March 2026 toward $0.30, then faded back toward $0.20 as momentum stalled and RSI divergences flashed. Unlocks are biting – the token has logged several sessions near its all‑time low area as supply from long‑time “miners” meets underwhelming demand on centralized venues. Liquidity is decent but not deep enough to absorb aggressive distribution from a 10‑figure fully diluted supply without persistent slippage.

What Actually Changes In 2026

The core fundamental catalyst is the move toward an “open mainnet” with real transactions, dApps and stricter KYC/security, after years of closed‑ecosystem promises. The team is rolling out enhanced verification (KYC, palm‑print, AI checks) and has cleared roughly 2.5 million users for migration, crucial to get coins off the grey zone and into a compliant, transferable state. A broader 2026 roadmap ties this to supporting real‑world finance integrations and payments, but so far the market has treated each technical milestone (like the Pi Launchpad testnet) as a sell‑the‑news event rather than a re‑rating trigger.

Advertisement

Price Scenarios: 2026–2030

External models cluster Pi’s fair‑value band for the next few years somewhere between “modest grind” and “permanent underperformance.” Gate.io’s internal work sees an average near $0.20 for 2026, with a rough range between about $0.16 and $0.27 – effectively where it is already trading. Other forecasters project that, if the ecosystem scales and listings proliferate, Pi could grind into the low single digits by 2030, with some estimates around $2.50–$3.50 under constructive conditions. Those paths assume three things that are not yet proven: successful open mainnet, sustained user activity beyond mining, and a crypto macro environment that rewards L1 risk instead of choking it.

Verdict: Trade The Range, Don’t Worship The Narrative

For now, Pi looks like a liquid, range‑bound beta play rather than a structural compounder. Bulls get a clear technical invalidation: hold above the mid‑$0.17 pivot and reclaim the $0.23–$0.25 resistance band, and the market can start repricing toward the psychological $0.30–$0.40 area on any mainnet or listing surprise. Bears lean on the opposite logic: continued unlocks plus weak on‑chain usage send Pi into a slow bleed, with each rally sold by early miners finally getting exit liquidity. In this tape, smart money treats Pi as an event‑driven trade around roadmap milestones and macro risk cycles, not as a religion – position small, respect liquidity, and assume volatility is the rule, not the exception.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Bitcoin slides to $72,300 as Hormuz conflict and hot inflation hit risk assets

Published

on

Bitcoin Core maintainers face shake-up as Gloria Zhao revokes PGP key

Bitcoin slips to $72.3k as the Strait of Hormuz conflict spikes oil, U.S. inflation runs hot, and traders slash Fed cut bets, pressuring crypto and stocks.

Cryptocurrency markets came under sharp pressure on Wednesday as two converging macro forces — an escalating military conflict centered on the Strait of Hormuz and a worse-than-expected U.S. inflation print — sent Bitcoin tumbling to approximately $72,300, a 24-hour decline of roughly 2%. Ethereum, Solana, and XRP each fell close to 3%, dragging the broader digital asset market into a broad risk-off retreat that also hit equity futures.

The geopolitical backdrop has been deteriorating since late February, when U.S. and Israeli forces launched coordinated strikes on Iran — killing Supreme Leader Ali Khamenei — triggering retaliatory missile campaigns across Gulf states and an effective closure of the Strait of Hormuz by Iran’s Islamic Revolutionary Guard Corps. As of mid-March, tanker traffic through the strait had dropped by approximately 70%, with over 150 vessels anchored outside the chokepoint. The IRGC has since confirmed more than 21 attacks on merchant ships, and Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, has vowed to maintain the blockade, with the IRGC navy pledging to deliver “the harshest blows” to enforce it.

Advertisement

The disruption of the Strait of Hormuz — through which roughly 15% of global oil supply transits — has sent energy prices soaring. On Wednesday, Brent crude broke above $104 per barrel, rising 3.22% intraday, while WTI crossed $97 per barrel. The spike compounds an already difficult inflation environment.

Data released Wednesday morning by the U.S. Bureau of Labor Statistics showed that the Producer Price Index rose 0.7% month-on-month in February, more than double the consensus forecast of 0.3%. Core PPI — which strips out food and energy — climbed 0.5% MoM against an expected 0.3%, and rose 3.9% year-on-year. Critically, these figures do not yet reflect the surge in oil prices triggered by the Hormuz closure, meaning the inflationary pipeline is likely to worsen in coming months.

The report follows a February CPI reading that held steady at 2.4% year-on-year, but with core PCE — the Federal Reserve’s preferred gauge — estimated at approximately 3.1%, well above the central bank’s 2% target. Capital Economics noted ahead of Wednesday’s PPI release that preliminary estimates already pointed to a “much firmer rise in the core PCE deflator.”

Advertisement

For markets, the implications are stark. Traders have now materially reduced bets on Federal Reserve rate cuts in 2026, and S&P 500 and Nasdaq 100 futures widened their declines to 0.5% following the PPI release. The CBOE Volatility Index (VIX) climbed 1.22 points to 23.59, reflecting rising investor anxiety ahead of the Fed’s rate decision later this week.

Bitcoin, which had been testing resistance near $74,000 in recent sessions, proved unable to hold those levels against the twin headwinds. The asset’s correlation with risk assets such as equities has reasserted itself sharply, undermining near-term narratives around its use as an inflation hedge. The Fed’s policy meeting and Chair Powell’s anticipated remarks on growth risks and price stability will now be closely watched for any signal that could shift the current trajectory.

With oil prices elevated, inflation proving stickier than models anticipated, and a military conflict showing no signs of de-escalation, the path of least resistance for risk assets — crypto included — remains uncertain at best.

Advertisement

Source link

Continue Reading

Crypto World

Algorand Foundation Cuts Workforce By 25% Amid Market Uncertainty

Published

on

Cryptocurrencies, Business, Algorand

The Algorand Foundation, the organization behind the Algorand layer-1 blockchain, said it had made the “difficult decision” to reduce its headcount by 25% on Wednesday, blaming the crypto slump and wider uncertainty.

“This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in crypto markets,” the Algorand Foundation said in an X post.

The Algorand Foundation said the affected employees were “best-in-class contributors” and described the decision as “incredibly tough,” adding that it would support staff through the transition.

“We believe that we now have a more sustainable alignment of Algorand Foundation resources with the protocol’s long-term business, technology, and ecosystem priorities,” the foundation added.

Advertisement

Algorand Foundation is gearing up for a big year ahead

The staff cuts come as the Algorand Foundation prepares for several milestones for the year ahead, including the next major release of its developer toolkit AlgoKit, the launch of the user-friendly Rocca Wallet, the development of a more robust commercial toolkit, and a focus on post-quantum security.

Cryptocurrencies, Business, Algorand
Source: Nik Bougalis

The Algorand Foundation said in its roadmap progress report in December 2025 that it made “significant progress” toward greater decentralization, having increased Algorand’s (ALGO) online stake from approximately 1 billion to 2 billion ALGO in just over a year.

The crypto industry has a history of cutting staff during market downturns. Bitcoin (BTC) is trading at $71,067 — 44% below its October all-time high of $126,000 — after falling as low as $60,000 on Feb. 6, according to CoinMarketCap.

Related: SEC Chair explains why NFTs fall outside of securities laws

Bullish CEO Tom Farley recently predicted that the crypto sector could see more projects acquired by larger firms in the coming months, potentially leading to redundancies, layoffs, and internal restructuring.

Advertisement

Meanwhile, on Monday, blockchain data provider Messari announced a series of layoffs while its CEO, Eric Turner, stepped down to make way for the company’s “next phase” as an AI-first company. 

During the 2022 bear market, Coinbase reduced its workforce by around 18% as Bitcoin hit two-year lows near $21,000. Around the same time, Gemini, the trading platform founded by the Winklevoss twins, reportedly cut 10% of its staff amid the broader crypto slump.

More layoffs could follow if history repeats, with veteran trader Peter Brandt predicting the crypto market may not reach its bottom until the third quarter of this year. 

Magazine: Big Questions: Can Bitcoin save you from the dreaded Cantillon Effect?

Advertisement