Bitcoin’s unstoppable rally continued this week, with the flagship cryptocurrency breaching $110,000 and pushing toward the $111K mark. Analysts now believe the next leg could target $115K to $116K, supported by bullish technical indicators and sustained whale accumulation. The broader crypto market followed suit, with major altcoins including Dogecoin, Solana, and Ethereum posting modest gains.
Dogecoin rose 7%, while other altcoins advanced between 2-4%. One standout was Pi Coin, which jumped 10% on strong community support and fresh market optimism. The project, often dismissed due to its unlisted status, is starting to gain traction in the eyes of both users and investors.
Pi Coin Approaches $1 Milestone with New Backing
Pi Coin surged to a recent high of $0.86 before stabilizing around $0.84. Analysts point to $0.94 as the next resistance level before a push to the psychologically significant $1 mark. Despite ongoing Pi token unlocks, price momentum has stayed positive—largely due to a recently announced $100 million Pi ecosystem fund aimed at supporting developers and ecosystem growth.
Another reason for the price strength: most Pi holders are choosing not to sell. Instead, they’re holding out for listings on major exchanges, signaling strong community belief in long-term value. With fresh capital entering the ecosystem, Pi’s fundamentals are growing stronger even before a full mainnet rollout or centralized exchange debut.
Also Read: Will Pi Network’s $100M Venture Fund Fuel Mainstream Adoption? Here’s What to Expect
What’s Next for Pi Coin and the Crypto Market?
Pi Coin’s near-term future hinges on two major catalysts: continued bullish sentiment across crypto markets and potential listings on tier-1 exchanges. Analysts suggest that if Pi secures listings on platforms like Binance or Coinbase, a sharp rally toward $1 and beyond could materialize quickly.
Meanwhile, Bitcoin remains the dominant force, still supported by technical strength despite being in slightly overbought territory. Experts predict that if Bitcoin consolidates or slows, altcoins like PI, XRP, and ETH could enter a stronger breakout phase. For Pi Coin, all eyes are now on the next breakout level—and whether this underdog token is finally ready to enter the big leagues.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
