Pi Network (PI) is witnessing a strong rebound following its mainnet launch, sparking speculation on whether it can surge to $5 before the end of Q1 2025. The token has recovered 157% after its initial post-launch crash, defying broader market pressures affecting Bitcoin and altcoins.
Pi Network Price Rebounds Amid FOMO
Following its mainnet debut, Pi Network’s price initially plummeted as early adopters, known as Pioneers, sold their holdings on exchanges like OKX and HTC. Many had mined their tokens for over six years, making the launch an opportune moment to cash out. Additionally, the crash aligned with trends observed in other new token launches, such as EigenLayer, Wormhole, and Hamster Kombat, which experienced similar sell-offs post-airdrop.
Further fueling skepticism, Bybit’s CEO labeled Pi Network a scam, coinciding with the $1.4 billion Bybit hack. Despite these concerns, Pi’s value has rebounded, driven by increasing investor confidence and surging trading volume. According to CoinGecko, Pi’s 24-hour volume soared to $1.3 billion on February 23 and remained high at $1.1 billion the next day, signaling growing demand.
A potential Binance listing could be a significant catalyst. A recent Binance poll revealed that 88% of respondents support Pi’s inclusion on the exchange. If Binance proceeds with the listing, other major platforms like Coinbase and Kraken may follow suit, further boosting Pi’s market presence.
Can Pi Coin Reach $5 Before March 31?
Pi Network’s price has bounced from its post-launch low of $0.6016 to its current level of $1.51. A surge to $5 would require a 271% increase—an ambitious but not unprecedented move in the crypto space. Historical parabolic rallies, such as Mantra’s rise from below $0.10 to $9.50 and the post-election spikes in XRP and XLM, suggest that such a surge is possible.
For Pi to achieve this milestone, several bullish triggers must align:
- Major exchange listings (Binance, Coinbase, Kraken) could drive demand.
- Increased market adoption and a potential Pi Network ETF could attract institutional interest.
- Technical breakouts above key resistance levels of $2.20 and $3.14 would confirm bullish momentum.
With growing FOMO and strong technical indicators, Pi Network’s price trajectory toward $5 remains a possibility if these factors materialize before March 31.
Also Read: Pi Network Warns Users Against Fraudulent Pi Coin Listings on DEXs – Here’s What You Need to Know
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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