The Pi Network price has been in a free fall this year, making it the biggest disappointment in the crypto industry. Pi Coin value has plummeted by 85% from its highest point in February to $0.4100, erasing billions of dollars in value.
This article explores why the Pi token has plummeted and a new star in crypto that is gaining attention from investors.
Why Pi Network Price Value Plummeted
Pi Network is one of the most popular crypto projects globally, with millions of fans. Its goal is to become a better version of Bitcoin, one that is easy to mine and has a working utility.
Pi was developed over six years as pioneers spent countless hours accumulating its tokens. Their goal was to redeem these tokens for fiat currencies after the mainnet launch.
Pi Network price initially surged after the mainnet launch, as the narrative was that it was a better version of Bitcoin. It then plunged to a record low as many pioneers sold and exchange listings remain astray.
The token has also plunged as the network has not lived up to expectations. For instance, despite promises of an active ecosystem of at least 100 apps during the mainnet launch, only a few have gone mainstream, leaving it often described as a ghost chain.
Pi Network has not received any new tier-1 exchange listing five months after the mainnet launch. At the same time, the team’s efforts to create value, including the launch of the venture fund, AI Studio, and staking, have not been received well.
Pi Network price has also tumbled as investors react to the ongoing token unlocks and its centralization. It unlocks millions of tokens a month, whereas the obscure Pi Foundation controls billions of tokens and remains unaudited.

Pi price chart | Source: TradingView
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Can Bitcoin Penguins Be the Next Big Thing?
With Pi Coin being a dud, crypto investors are shifting towards Bitcoin Penguins, a new crypto project that launched its token sale on Monday and has now raised almost $2 million.
Bitcoin Penguins draws inspiration from the success of Bitcoin over the last 16 years, as well as that of Pudgy Penguins (PENGU), one of the crypto market’s top-performing tokens.
BPENGU investors believe that the token can explode in the coming months and reach a market capitalization of over $2 billion by November this year. This belief is based on PENGU’s success and the fact that its name includes ‘Bitcoin’. Also, it will be one of the newer tokens to embrace the Penguins’ name.
At the same time, they have learned from some other token sales and implemented strategies to ensure its success. For example, they aim to reward investors by providing a clear listing roadmap that sets them apart from other sales. In this case, BPENGU will be listed on tier-1 exchanges within 30 days or upon reaching $10 million in the token sale.
The other way Bitcoin Pengu aims to create value is by increasing its token price by 5%, which can generate a nearly 100% return even before the listing.
Additionally, unlike Pi Network, which is highly centralized, Bitcoin Penguins is a community project, with its insiders holding just 3% of the tokens.
Hurry up and buy Bitcoin Penguins here.
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