After being quiet for the past two months, Pi Network (PI) coin has suddenly jumped up by almost 170% in just one week. Its price reached $1.66 and even made it into the top 15 biggest cryptocurrencies for a short time.
With a big announcement expected on May 14, as Pi Network’s founder is set to speak at Consensus 2025, many believe the price could soon reach $2 or even go higher.
Why Is Pi’s Price Rising?
The timing of Pi Network’s recent surge aligns closely with a teaser announcement on May 8. Although there were no clear details, yet the post hinted at an upcoming update since the biggest event is nearing.
On 14 May Consensus 2025 event is about to begin, which will biggest crypto event, where Pi Network’s founder, Dr. Nicolas Kokkalis set to speak. His goal of making crypto simple might catch the attention of people worldwide.
In just 24 hours, it soared over 60%, and over seven days, it’s up more than 155%, currently trading around $1.53. As of now, Pi is holding strong around the 14th spot, with a market cap above $10.77 billion.
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Key Updates Driving Growth
Pi Network has also made some important updates to its system. They have separated wallet activation from token migration, making it easier for users to join the Pi Mainnet.
These updates have created hope that Pi will keep growing, both in terms of users and how useful it is.
Some users are also pointing to possible exchange listings. A popular Pi-focused channel claimed there’s a 93% chance Binance is preparing to list Pi. Although there’s no official confirmation yet.
Pi Price Eying $3 Mark
The sudden pump is seen by many as a sign of a possible trend reversal, from a long bearish phase to a more bullish outlook. Crypto analysts see a large green candle on the daily chart is often seen as a signal that momentum is picking up.
Now, Pi is facing its next challenges, resistance levels at $1.60 and $2.00. If it manages to push past those areas, traders believe the token could hit its ATH price soon, $3.
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FAQs
Rumors suggest a 93% chance Pi may be listed on Binance, but there’s no official confirmation yet.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
The value of 1 Pi coin in rupees is INR 113.24
The Pi network price in India in 2030 could be a maximum of $1880.68.
