By Pi Network, once hailed as a revolutionary cryptocurrency accessible to everyday users, has stumbled into a steep decline.
Pi token price has plummeted over 80% from its February peak, shaking the confidence of its vast community of “pioneers.”
Notably, Pi Network faces mounting criticism as dissatisfaction festers over delayed promises and a lack of openness.
Meanwhile, a new contender, Bitcoin Pepe (BPEP), has launched its presale, presenting an enticing investment prospect for those seeking alternatives amid Pi Network’s unraveling.
The Pi Network downfall
Pi Network’s descent stems from a combination of internal missteps and market pressures.
The project, which aimed to democratize crypto mining through a mobile app, has been plagued by indefinite postponements of its open mainnet launch.
This has fueled skepticism among users who expected a functioning ecosystem by now.
On April 3, Pi Network Turkey, a prominent community faction, openly criticized the team’s top-down governance, arguing it betrays the decentralized vision they signed up for.
#Pi Network Öncilere Kulaklarını Tıkamaktan Vazgeç! Biz, Pi Network’ün yıllardır emek vermiş öncüleri olarak, platformun yöneticilerinin sesimizi duymamasından dolayı derin bir hayal kırıklığı içerisindeyiz. Pi Network’ün temel felsefesi topluluk gücüne dayanıyorken, ne yazık ki
Complaints about murky financial details and a lackluster DApp ecosystem have only deepened the rift.
The token’s market performance mirrors this unrest. Trading around $0.50, Pi has sunk to all-time lows, with a 14% drop in a single day signaling a loss of investor faith.
Much of this price dip can be traced to token unlocks, which flood the market with new supply.
This month, approximately 120 million PI tokens—valued at $62 million—are due to circulate, with another 1.54 billion slated for release over the next year. Such dilution has crushed the price, leaving little room for recovery in the short term.
Despite some glimmers of hope, the outlook remains grim.
Technical charts reveal a falling wedge pattern and bullish divergence in indicators like the MACD, hinting at a possible upturn.
Observers like Bearded Hippy on X note that even Binance, known for listing speculative tokens, has shied away from Pi, citing transparency issues.
With the community threatening mass unfollows and negative app reviews, Pi Network’s woes suggest it may be riding Web3 hype without delivering tangible value.
Bitcoin Pepe offers an alternative investment opportunity
As Pi Network price tumbles, Bitcoin Pepe (BPEP), a Layer-2 solution for Bitcoin, offers an investment opportunity for crypto investors aiming to blend scalability with the playful allure of memecoins.
By offering instant transactions and negligible fees—akin to Solana’s efficiency—Bitcoin Pepe introduces the PEP-20 standard, enabling memecoin creation on Bitcoin’s blockchain.
Currently in Stage 8 of its 30-stage presale, it has raised $6,030,130, with tokens priced at $0.0295 and set to climb to $0.031 in the next phase.
The project’s tokenomics bolster its appeal.
With a total supply of 2.1 billion BPEP tokens, half are dedicated to the presale, ensuring community ownership, while the rest support staking rewards, liquidity, development, marketing, and reserves.
This thoughtful allocation underpins a roadmap that promises a native decentralized exchange, an NFT marketplace, and staking incentives—features poised to drive adoption and value over time.
As Pi falters under the weight of broken trust, Bitcoin Pepe’s presale beckons as a chance to pivot toward a project with a solid foundation and a vision for growth in the evolving crypto landscape.
For investors burned by Pi’s instability, BPEP’s clarity and ambition offer a refreshing shift.
With an experienced team of web3 experts, including Nate Sherrod and Collin Ford, whose experience lends credibility, leading the charge, Bitcoin Pepe emphasises community involvement and transparent communication stands in sharp relief to Pi Network’s struggles.
If you are interested in the Bitcoin Pepe presale, you can visit the official presale page here.
The post Bitcoin Pepe presale offers an investment opportunity as Pi Network crashes appeared first on Invezz
