Pi Network Price Prediction as New CiDi Games Go Viral on its Platform

Key Insights

• Pi Network price has crashed in the past few months.
• The retreat continued despite the major network update.
• The recently-launched games by CiDi Games have gone viral.

Pi Network price remained under pressure this week despite the positive news from the team. It was trading at $0.1450 today, May 29, its lowest level since February 13. It has plunged by over 50% from its highest point this month.

Pi Network Price Drops Despite CiDi Games Success

Pi Coin price has remained under pressure in the past few months despite the ongoing positive news from the network. The most recent one was about CiDi Games, a company that Pi invested in last year.

In a statement, the developers said that the new games that CiDi Games launched on Pi had gone viral, a trend that may continue in the coming months. These instant games have attracted over 81,000 gamers across 160 countries. They have had 1.2 million game sessions organically.

This is an important milestone as it is helping Pi solve one of the biggest challenges: ecosystem growth. While Pi has had applications and games since its mainnet launch, not a single one has gone viral.

The popularity of these games will go a long way in giving Pi Network’s utility over time. This, will, in turn, lead to more demand.

Smart Contracts May Fuel the Ecosystem Growth

Pi Network’s developers are also hoping that the introduction of smart contracts in its platform will drive its growth over time. Smart contracts are self-executing software that perform actions without the need for intermediaries.

The network introduced these smart contracts this year as it continued its upgrades to meet Stellar’s v23 level. They will now make it possible for developers to build applications across various industries like decentralized finance (DeFi), non-fungible tokens (NFT), and stablecoins.

This upgrade will make it become a top competitor to other chains with smart contract features like Ethereum, Solana, and Polkadot.

Still, the main challenge is that the smart contract industry has become highly competitive. Ethereum maintains the leading market share and has a dominance of over 70%. Many chains that have attempted to become Ethereum killers like IOTA and Kadena have all failed.

Pi is Also Betting on Verification and AI

In recent statements, the developers have announced plans to expand to the human verification and artificial intelligence (AI) industries. Their human verification solution is based on the highly successful KYC process that has verified millions of users globally.

The human verification aspect will become critical in the new era of artificial intelligence, where AI agents have become common. For example, Robinhood announced that its users will now be able to leverage AI agents to trade. As such, companies will want to know whether they are dealing with real humans.

Pi Network also launched a major upgrade to its app developer kit. This upgrade means that vibe coders will be able to launch apps directly to Pi Network and attract millions of users. Pi also invested in OpenMind, a company that brings cognitive solutions to robots.

Still, despite this progress, Pi Network continues to experience weak demand, with its volume in the last 24 hours falling to less than $10 million.

Pi Network Price Prediction: Technical Analysis

The daily chart shows that the Pi Coin price has slumped in the past few days. It has dropped from a high of $0.2980 on March 13 to the current $0.1445. The coin has slumped below the crucial support level of $0.1645, its lowest level on April 14.

Pi Network’s Average Directional Index (ADX) has jumped to 35, its highest point since March 25. A rising ADX indicator is a sign that the token is gaining momentum.

The coin has also remained below the 50-day and 100-day Exponential Moving Averages (EMA). Therefore, the token’s path of least resistance is downwards, potentially to $0.1295, its lowest point in February this year.

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