The Pi Network price is showing signs of resurgence as it gains traction amid a broader crypto market recovery. Market analysts suggest that Pi Coin may be on the verge of a breakout, driven by key factors, including social media growth, potential exchange listings, and ecosystem advancements.
Expert Analysis on Pi Coin’s Growth Potential
Kim H Wong, a well-known crypto analyst, has highlighted the possible factors fueling Pi Coin’s recent uptrend. According to Wong, Pi Coin has been trading within the $0.6 to $3 range since its debut and is currently stabilizing near the $1.1 mark. While initial price surges were fueled by market volatility and community hype, the absence of significant announcements from the Pi Core Team has contributed to increased price fluctuations.
After listed for trading on February 20,2025, Pi coin has been trading between $0.60 and $3 and is now trading around $1.15 with support at $1.05. After this initial boom and bust, Pi coin is going to trade as a regular crypto and is now waiting for news to drive its price. Of… pic.twitter.com/FNz70GuSoO
— Kim H Wong (@Time_and_Trade) March 19, 2025
However, Wong believes that upcoming developments could drive Pi Coin’s value higher in the near future. Among the key potential catalysts are:
- Listings on major exchanges: A move that could significantly enhance liquidity and adoption.
- Merchant partnerships: With companies starting to accept Pi as a payment method, such as a leading US real-estate firm.
- Ecosystem advancements: The introduction of domain auctioning within the Pi Browser, allowing users to acquire .Pi domain names, is seen as a major step towards a decentralized Web3 ecosystem.
Community Anticipation and Market Sentiment
Despite its growth, the Pi Network community has expressed frustration over the lack of major updates. However, the recent introduction of two-factor authentication (2FA) aims to enhance security and support a seamless transition to the mainnet, a move that could restore investor confidence.
Additionally, Pi’s increasing social media dominance is noteworthy. The project’s X (formerly Twitter) followers have reached 4.3 million, nearing Dogecoin’s numbers. A strong and engaged community could play a vital role in boosting Pi Coin’s market momentum.
Challenges Ahead: Token Unlock and Market Volatility
Despite the optimism, concerns loom over upcoming Pi Coin unlocks. On March 21, 21.2 million Pi Coins worth $42.39 million are set to be released, with a total of 1.6 billion Pi expected to unlock over the next year. This increase in supply could pressure prices unless significant catalysts offset the impact.
Also Read: Pi Network (PI) Struggles as Bearish Momentum Grows, Risks Dropping Below $1.20
With speculation around potential Pi exchange-traded fund (ETF) launches and token burns, the coming months could be decisive for Pi Coin’s trajectory. If these developments materialize, Pi could see a strong rally ahead.
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.
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