Key Notes
- Pi Network outperformed XRP, DASH, and USD1 as the most used digital currency for card top-ups.
- This positive outlook has not had a sufficient impact on the price of the PI token.
- Several reasons were blamed for the price decline, but a possible breakout is on the horizon.
Pi Network token
PI
$0.65
24h volatility:
1.5%
Market cap:
$4.76 B
Vol. 24h:
$95.78 M
is struggling even though the protocol recently claimed a top spot in a cryptocurrency usage poll.
Its performance from the week before far outweighs the current outlook by a significant percentage. Notably, it overshadowed XRP
XRP
$2.26
24h volatility:
3.8%
Market cap:
$132.52 B
Vol. 24h:
$2.11 B
and DASH
DASH
$22.54
24h volatility:
2.7%
Market cap:
$276.83 M
Vol. 24h:
$38.05 M
in Zypto VISA card usage over the past week.
PI Beats XRP as the Most Used Digital Currency For Card Top-ups
The poll requested that crypto users suggest the most used digital currency for card top-ups. Most respondents chose Pi Network, putting the coin in first place. DASH came in second, followed closely by USD1 in third.
So, your guess for which of these cryptocurrencies were used most over the last 7 days was:
1st: $Pi
2nd: $USD1
3rd: $XRP
4th: $DASHWell, you got 1 out of 4 right! 😂$Pi was indeed the most used of the 4, but $DASH was VERY close in 2nd place. Other weeks it’s actually been… https://t.co/HCiTpOaOSz
— Zypto App (@ZyptoApp) June 1, 2025
Surprisingly, Ripple-associated XRP, which is primarily recognized for facilitating fast cross-border settlement, finished last in the survey results.
Unfortunately, the massive usage of PI does not sufficiently impact the crypto asset’s price outlook. It has lost about 22% of its price gain within the last seven days.
As of May 31, 2025, PI had fallen to $0.65, leaving several holders with huge losses. Meanwhile, the shortfall was pinned on the broader crypto market decline, leading to a loss of over $170 billion in total value.
There are other factors suspected to be responsible for the sharp price drop. One is that the project team has not recently announced any positive development or significant update. Also, the PI project has not secured listing with any top cryptocurrency exchange, keeping liquidity at a low level.
Rumors have been circulating about Binance’s possible listing. The speculations caused the coin’s price to spike by about 11% about a month ago. Until now, Binance has not made any official announcement to substantiate this claim.
Meanwhile, technical indicators are showing mixed signals. On the 4-hour chart, PI seems to form a descending wedge pattern, signaling the end of a downtrend.
PI forming a descending wedge pattern. Source: TradingView.
While the Relative Strength Index (RSI) shows an almost neutral out, a breakout above the $0.65 resistance may unleash new height for the coin. If the breakout momentum forms, PI could go as high as $0.8 with current levels serving as a discount.
At press time, PI traded at $0.6497, even after gaining 1.25% in 24 hours
$BEST Crypto Presale, Don’t Miss it!
Beyond Pi Network, among the trending crypto projects is Best Wallet and its token, BEST, which is undergoing a well-sought-after presale. Best Wallet is a non-custodial, multi-chain crypto wallet designed to give users complete control over their assets. Since the beginning of its presale, it has successfully amassed $12.9 million.
About Best Wallet, Use Case, and Its Tokenomics
Best Wallet provides its users with high-end security, multi-functionality, and support for over 60 chains, including Bitcoin
BTC
$106 142
24h volatility:
1.7%
Market cap:
$2.11 T
Vol. 24h:
$26.81 B
and Ethereum
ETH
$2 623
24h volatility:
3.1%
Market cap:
$316.67 B
Vol. 24h:
$17.52 B
.
Holders of $BEST are guaranteed benefits like reduced transaction fees, higher staking rewards, early access to new crypto presales, and governance rights within the platform.
Current Presale Stats:
Current Price: $0.025125
Amount Raised So Far: $12.9 million
Ticker: $BEST
Crypto investors have a short window to jump in before BEST potentially breaks out. With low fees, high staking rewards, and community-driven governance, Best Wallet is quickly becoming a must-watch in the DeFi space.
Interested users can still purchase a share of the Best Wallet presale directly through its official website using either cryptocurrency or a bank card.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
