As the price of the Pi Coin soars above $1, the Pi Network is once again in the news, boosting optimism in the cryptocurrency industry.
The Pi cryptocurrency value has attracted the interest of traders, investors, and analysts due to its 51% price increase in a single day and its more than 167% trading volume increase. Many are now aiming for the $2 milestone as anticipation builds for a significant announcement from the Pi Core Team.
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The value of Pi Coin surged above $1 after weeks of relatively flat movement, momentarily reaching $1.20 before stabilising. Pi Network Coin is one of the best-performing digital assets this week because to its recent climb, which is fuelled by increased speculation about the network’s future and renewed excitement.
There is immediate resistance at $1.40 according to technical indicators, while support is near the $0.80 level. According to market experts, if forthcoming developments live up to the expectations, breaking the $1.40 barrier might pave the way for a greater push above $2.
“$PI roaring back to almost a dollar,” crypto expert Justin Wu thundered on X, echoing the general excitement felt across web 2.0.
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Pi Core Team’s much-anticipated announcement, set to take place on May 14 at the Consensus Conference 2025 in Toronto, is a major factor driving Pi Coin’s surge. The event’s anticipated speech by Pi Network founder Dr. Nicolas Kokkalis has prompted wild speculation over possible enhancements to the ecosystem.
If crypto expert Dr. Altcoin is to be believed, the impending announcement might be a watershed moment. He made the observation that this might not be a routine update. “Some have even suggested integrating real-world utilities into an even more expansive app ecosystem.”
Among the possible enhancements that could make the Pi cryptocurrency practical for daily transactions are decentralised software (dApps), gaming projects, and expanded wallet functionalities. To further empower users to shape the future of the Pi Network, rumours have it that community governance tools like a decentralised autonomous organisation (DAO) will soon be implemented.
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The bullish momentum surrounding the Pi coin has not yet been slowed, and the price is currently over the important $1 mark. If the present trend continues and the forthcoming announcements bring about significant utility enhancements or partnerships, analysts predict that the token might reach $2 by August.
If the targets outlined in the roadmap are achieved and the market demand remains high, Dr. Altcoin has even proposed a $5 aim for Pi Coin by the end of the year.
The Pi Network crew has not officially announced anything at this time, so keep that in mind. Speculation may remain the primary driver of market fluctuations until that time comes.
Just to add gasoline to the fire, blockchain data shows that one wallet now has 155 million PI tokens, the most of any wallet on centralised exchanges, after purchasing 70 million tokens from OKX. This development has caused some to wonder if a big cryptocurrency exchange is getting ready to list Pi Network Coin.
There are rumblings that the largest cryptocurrency exchange in the world, Binance, may be the next to list Pi Coin. There have been indications of increased blockchain activity and Know Your Business (KYB) compliance activities, which typically occur before a listing on trustworthy platforms, so this prediction makes sense.
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The most recent updates on the Pi Network indicate that this innovative cryptocurrency project is heading in the right direction. Pi Coin appears to have all the makings of a legendary coin, what with its massive exchange listings, expanding community, and cutting-edge innovation.
At present, the crypto community is keeping a careful eye on May 14, a date that has the potential to shape Pi Coin’s market trajectory for the remainder of 2025 and set the tone for Pi Network’s next chapter.
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Look more for details: How to Trade Crypto Futures Contracts on BTCC
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Is KYC Necessary for BTCC?
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Can I Access BTCC From the U.S?
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