Pi Coin has seen a significant drop, falling by more than 20%, and is now trading at $2.40. The cryptocurrency hit a high of $2.97 during a massive rally, despite the broader market downturn that saw Bitcoin dip below $85k. As Pi Coin recovers from an initial sell-off, predictions and targets are flying high, with some speculating that the price could hit $3 or even $4 in the future.
What’s Driving Pi’s Price?
Despite recent losses, analysts and investors are eyeing potential events that could push the price of Pi Coin higher in the near future. Analyst Kim Wong took to social media and revealed details, listing key events that could lead to Pi’s price surge:
Major Exchange Listings: A Pi Coin listing on major exchanges could be right around the corner. If confirmed, it may trigger a big price increase. Past exchange listings, like OKX’s listing, have seen Pi jump by over 36% in just an hour. “If a major exchange greenlight listing, history suggests a 50-100% price pop isn’t out of the question,” he wrote.
Increasing Popularity: As Pi Coin gains more attention, new supporters and investors may flock to the Pi Network, boosting demand for Pi Coin.
Partnerships with Merchants and Payment Platforms: If major online shopping companies and merchants announce partnerships with Pi Network, it could provide further legitimacy and value to Pi Coin, making it more attractive to buyers.
Expansion of the Pi Ecosystem: More decentralized applications (Dapps) in Pi’s ecosystem could increase its utility and spark investor interest.
Influential Endorsements: Endorsements from well-known crypto media outlets and experts could significantly increase Pi’s visibility and attract more investors.
FOMO Buying: As Pi’s price rises, more investors may experience Fear Of Missing Out (FOMO), pushing the price higher through emotional buying.
