Pi Network’s Domain Auction Attracts Over 200,000 Bids; Can Pi Coin Reclaim $1?

Pi Network logo in orange against purple digital city skyline
Source: Pintu News

Pi Coin is currently trading at around $0.8862 after a 5% drop following some recent token unlocks. Various major market indicators have catalyzed renewed interest as the Pi Network community remains hopeful right now with the domain auction drawing over 200,000 bids in just one week. This unprecedented surge raises questions about whether Pi Coin’s $1 predictions are realistic for this week as blockchain adoption continues to face certain critical challenges.

Historical Pi Coin price chart showing decline and projected recovery
Source: CoinCodex

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Pi Coin’s $1 Comeback?

Pi Network logo with network connectivity visualization on purple background
Source: Nft Evening

Bidders Are Competing for 95,000 Domains

The Pi Core Team’s update has spearheaded attention toward their .pi domain auction with 40,000 unique bidders actively competing for approximately 95,000 domains. Nearly 3 million Pi tokens are being bid at the time of writing, with some premium domains attracting up to 30,000 Pi and over 200,000 bids placed in just a week. Across several key digital segments, domains linked to major brands like Amazon and Samsung have engineered particularly intense competition.

These domains represent valuable assets in the Pi ecosystem, with numerous significant businesses leveraging the potential in blockchain-powered domain ownership. Pi Coin’s $1 target seems more achievable as these domains will help to architect Pi-based applications and services that integrate Pi into digital commerce.

Funding Ecosystem Growth

Through various major strategic initiatives, the Pi Core Team has outlined how auction proceeds will support growth. Funds will be optimized toward developer programs and also several key Pi-focused events to stimulate ecosystem development. Several applications within the ecosystem can secure domains without auction participation, though .pi domains require renewals like traditional domains and currently function only within the Pi Browser.

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Price Analysis

Currently trading at approximately $0.8862, the coin experienced a 27.76% decline over the past week. Despite this temporary setback, Pi Coin’s $1 recovery prospects remain a central focus for investors across numerous significant market segments.

CoinCodex states:

Over the next five days, Pi Network will reach the highest price of $1.0836 on Mar 31, 2025, which would represent 31.85% growth compared to the current price. This follows a -27.76% price change over the last 7 days.

Line chart showing Pi Coin price prediction from Mar 27-31, 2025
Source: Watcher Guru with CoinCodex data

Challenges Ahead

Pi Network faces certain critical transparency concerns that have instituted barriers keeping major exchanges like Binance from listing the token. Questions about SuperNode control have engineered decentralization debates within the community, potentially affecting crypto market trends and Pi Coin’s $1 recovery efforts in the coming period.

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Whether Pi Coin can reclaim the $1 milestone seems to depend on the successful implementation of some ideas like domain infrastructure, increased transparency, and also broader real-world token adoption. The community’s enthusiasm provides an important foundation for growth, though various technical and also some regulatory hurdles remain for Pi Coin’s $1 recovery prospects.