PI網絡硬幣：它可以從灰燼中升起嗎？

在數字貨幣的表面下，Pi Network Coin在其中創新和陰謀統治時，發現自己在轉換邊緣搖擺。

The price of Pi Network Coin (PI) has dropped drastically. It used to be $2.98 in February 2025, but now it's languishing at around $0.56, showing a staggering loss of over 77%.

PI網絡硬幣（PI）的價格急劇下降。它曾經在2025年2月為2.98美元，但現在的價格約為0.56美元，顯示出驚人的77％以上。

This signals a broader malaise within the cryptocurrency realm, with new tokens being unlocked at an alarming rate. Over the next year, more than 1.5 billion PI tokens are set to be released, potentially pushing the total supply to a staggering 8 billion.

這標誌著加密貨幣領域內的更廣泛的不適，新令牌以驚人的速度解鎖。明年，將發布超過15億的PI令牌，可能將總供應量推向驚人的80億。

This starkly contrasts with the initial optimism that saw Pi Network’s market cap zoom to $20 billion. However, with the coin’s price plummeting, the market cap has dwindled accordingly, now standing at a meager $4.66 billion.

這與最初的樂觀態度形成了鮮明的對比，後者將PI Network的市值變焦到200億美元。但是，隨著硬幣的價格下降，市值逐漸減少，現在處於46.6億美元的微薄。

Adding to the bleak outlook is the absence of Pi Coin on major exchanges like Binance, Coinbase, or Kraken. This unavailability deters new investors and stifles trading volume and liquidity, especially with Binance alone boasting an astronomical 9.84 million users.

在繁華的外觀上增加了Binance，Coinbase或Kraken等主要交易所上的PI硬幣。這種不可用可以阻止新的投資者，並扼殺交易量和流動性，尤其是僅僅是義務的人天文學984萬用戶。

It's no secret that cryptocurrencies thrive on trading activity, which in turn fuels interest and broader adoption. Sadly, Pi Coin has twice been denied a Binance listing, despite initial attempts in 2023.

加密貨幣在交易活動上蓬勃發展，這又為人們的利益和更廣泛的採用而言，這已經不是什麼秘密了。可悲的是，儘管2023年初次嘗試，但Pi硬幣被剝奪了兩次binance上市。

Reports from the Star in December 2025 noted that Binance encountered difficulties in verifying Pi Network’s tokenomics and economic structure. Furthermore, issues with the network’s transparency and disclosures, especially regarding its large-scale community structure, posed additional problems for the exchange.

該星際的報導於2025年12月指出，Binance在驗證PI Network的令牌和經濟結構方面遇到了困難。此外，網絡的透明度和披露問題，尤其是關於其大規模的社區結構的問題，給交流帶來了其他問題。

These ongoing difficulties in securing a listing on a tier-one exchange are casting a bearish shadow over Pi Network’s future prospects.

這些在確保一級交易所上市的持續困難中，對Pi Network的未來前景造成了看跌的陰影。

Technical Analysis: Bearish Signals Prevail

技術分析：看跌信號佔上風

A technical analysis of PI/USDT on the 4-hour chart from December 27th reveals bearish trends. The Relative Strength Index (RSI) is at 32.03, nearing the oversold threshold, while the MACD is still in negative territory, indicating seller dominance.

從12月27日起的4小時圖表上對PI/USDT的技術分析揭示了看跌趨勢。相對強度指數（RSI）為32.03，接近超售閾值，而MACD仍處於負面狀態，表明賣方優勢。

Moreover, the price is trading below the key 50-SMA, 100-SMA, and 200-SMA, further bolstering the bearish narrative.

此外，價格的交易低於關鍵的50-SMA，100-SM​​A和200-SM​​A，進一步加強了看跌的敘述。

Unless there’s a strong bullish reversal from the critical $0.60 support level, another decline to target $0.50 seems more likely. However, the broader market dynamics could influence the price action in the coming days.

除非從關鍵的0.60美元的支持水平逆轉強烈的看漲逆轉，否則另一個下降到目標$ 0.50的可能性似乎更大。但是，更廣泛的市場動態可能會影響未來幾天的價格行動。

Community Concerns and Network Initiatives

社區關注和網絡計劃

Within the Pi Network community, there's growing discontent as members demand more transparency from the Pi Core Team.

在PI網絡社區中，隨著成員要求從PI Core團隊獲得更高的透明度，不滿。

Some veteran members who joined early are feeling overshadowed by newcomers who are cashing out quickly, creating a wedge between aspiration and achievement.

一些早期加入的資深成員感到被迅速兌現的新移民所掩蓋，在志向和成就之間造成了楔子。

Despite the network's participation in events like PiFest and its efforts to expand merchant engagement, these initiatives aren't enough to quell the fears about the future of PI Coin.

儘管網絡參與了像Pifest這樣的活動及其擴大商人參與的努力，但這些舉措不足以平息對Pi Coin的未來的擔憂。

The Road to Recovery: A Glimpse of Hope

恢復之路：希望

However, there's still a sliver of hope. Some visionaries believe that securing a coveted exchange listing, like the one on Binance, could be a pivotal moment for Pi Network.

但是，仍然有希望。一些有遠見的人認為，確保令人垂涎的交流列表（如二元上）可能是PI網絡的關鍵時刻。

If this listing is achieved in tandem with the Pi Core Team making serious strides towards clearer communication, greater transparency, and tighter regulatory compliance, it could spark a renaissance for the beleaguered coin.

如果與PI Core團隊共同實現了這一清單，以實現更清晰的溝通，更高的透明度和更嚴格的監管合規性，那麼它可能會為陷入困境的硬幣帶來文藝復興。

But the fate of Pi Network hangs precariously in the balance, and every new development could either fortify or fracture the path forward.

但是，PI網絡的命運在平衡上穩定地懸而未決，每個新的發展都可以加強或破壞前進的道路。

Investors, both seasoned and new, must remain vigilant in deciphering the signals amid the noise. As Pi Network navigates through this storm, its resilience will shape not only its own destiny but will become a parable in the saga of cryptocurrencies everywhere.

經驗豐富和新的投資者必須保持警惕，以在噪音中解密信號。隨著PI網絡在這場風暴中航行時，其韌性不僅會塑造其自己的命運，而且會成為各地加密貨幣傳奇的寓言。