Pi Coin Creates Waves in the Cryptocurrency Market
In the past 24 hours, Pi Coin has increased by over 3%, alongside Bitcoin as it has regained the 102,000 USD mark. Ethereum leads with a strong increase, along with altcoins like Solana and XRP also surging, creating a lively day for cryptocurrency traders.
Pi Coin Breaks Resistance, Aiming for the 1 USD Target
The price of Pi Coin has broken through the important resistance level between 0.66 and 0.67 USD. This breakout is accompanied by strong trading volume, indicating that buyers are entering the market. The current Relative Strength Index (RSI) is 56.68, showing that bullish momentum is increasing. If the price continues to surpass this resistance level, the target could reach from 0.85 to 1.00 USD in the short term. However, if the breakout fails, the price may consolidate in the current range before making a new move.
Token Unlock and Concerns About Supply
Expert Dr Altcoin stated that the circulating supply of Pi Coin suddenly increased by 5 billion Tokens — from 7 billion to 12 billion today. However, the supply on cryptocurrency exchanges remains unchanged. This sudden increase likely comes from a liquidity pool of 5 billion Pi, possibly in preparation for a major exchange listing. Dr Altcoin emphasizes that this hints at exchanges like Binance and BitMart.
The additional supply appearing and disappearing within an hour suggests a successful stress test. This indicates that Pi Network is testing liquidity before the Tokens are officially traded on exchanges.
Price Prediction for Pi Coin and Major Announcement on May 14
Dr Altcoin believes that the price of Pi could maintain around the 1 USD mark until May 14. If the upcoming announcement meets expectations, Pi could rise to 2 USD by the end of August. From then until the end of 2025, the price could fluctuate between 2 to 5 USD, depending on the development of the ecosystem and market reactions. According to Pi Scan, today 9.3 million Pi Tokens will be unlocked, which could put pressure on the price.
Logistics adds to the excitement, the Pi Network team has confirmed an important announcement about the ecosystem on May 14, 2025, coinciding with the Consensus Summit 2025 in Toronto.
Rumors About Binance Possibly Listing Pi
There are also rumors that Binance may soon list Pi Network. Although there has been no official announcement, blockchain activity indicates testing behind the scenes. A wallet linked to Binance recently processed over 294,000 test transactions with Pi Token. This often signals preparation for a new Token listing. Notably, the blockchain of Pi Network is built similarly to Stellar (XLM) — a cryptocurrency already listed on Binance — making technical listing easier.
Source: https://tintucbitcoin.com/pi-coin-gan-cham-1-usd-9-trieu-token-thay-doi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
