The mobile mining pioneer Pi Network (PI) saw a subsequent drop in market value in the two months since launch. Despite smoothly transitioning onto the mainnet, Pi Network (PI) community members are raising their eyebrows due to the tight Pi coin unlocking schedule.
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The multi-million dollar unlocks has made Pi coin one of the most inflationary digital currencies among large and mid-cap altcoins, which can only be overcome if matched with compelling buying power from large investors.
At the current price range of $0.60, a major demand zone assists in shading from further Pi coin price drops, but the Pioneers are pointing their fingers at slow action in major crypto exchange listings as the main cause for Pi Network (PI) price drawdown, crunching exactly 80% of its market value since the $2.99 record on February 26, 2025.
Pi Coin Mining Rate Increases: Pro Or Con?
To assess if itโs still worthwhile to mine Pi Network (PI) tokens at this price, itโs important to measure how much time it will take to mine one Pi coin on a compatible mobile device.
According to Dr Picoinโs estimations, the 2% hike in Pi Network mining rate prolongs the term of one Pi coin to be completed to a whopping 16 days. Surely, thatโs not counting the referral bonus system and validator node bonuses, but the general expectation was that Pi Networkโs mining rate would decrease after the mainnet launched.
However, the easily accessible mobile mining networkโs native crypto bounced off 46,5% from the $0.40 all-time low on April 5, 2025, pushing the altcoin back into where it was days before the surge to $2.99.
That being said, Pi Network mining is time consuming due to it taking approximately 16 days. On the other hand, free access and a simple Know Your Customer (KYC) procedure onboards new crypto miners as easy as apple-pie.
Ultimately, this makes Pi Network (PI) mining a considerable entry point to crypto for retail investors. In contrast, the more advanced crypto connoisseurs might choose more efficient ways or even completely replace the idea with crypto staking.
On The Flipside
- The total active crypto wallets on Pi Networkโs mainnet is usually less than 1% a day, capped between tens of thousands of wallets in comparison to the 60 million total user base.
Why This Matters
20 million out of the 60 million Pioneers have completed the KYC procedure to move onto the mainnet, expecting the altcoin to be a solid source of additional income.
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