#pi Network, a mobile-first cryptocurrency with over 35 million users, is gaining traction as its price shows bullish momentum. As of May 12, 2025, Pi trades at $0.682, with speculation it could reach $3. Here’s a look at its momentum and the path to $3.
Pi’s Appeal and Recent Performance
Launched in 2019, Pi Network allows mobile mining and uses a Stellar Consensus Protocol. Its mainnet debuted in February 2025, with listings on OKX, MEXC, and Gate.io. Recent whale purchases (41 million PI tokens) and a 39.53% volume spike signal growing interest.
Technical indicators are promising:
- RSI: 57.5, showing room for growth.
- Moving Averages: Above the 20-day EMA ($0.682), nearing the 50-day EMA ($0.70).
- Price Patterns: An ascending triangle suggests a breakout above $0.7857, targeting $Drivers Toward $3
Key catalysts include:
1. Ecosystem Growth: The Open Network launch and fiat on-ramps like Banxa boost utility.
2. Community: Over 19 million verified users and 10.14 million mainnet migrations drive adoption.
3. Exchange Listings: Rumors of a Binance listing could spark rallies.
4. Token Burns: Potential supply reduction could lift prices.
Analysts predict $2.08–$2.38 by late 2025, with $3 possible if resistance at $1.90–$2.12 Risks to Watch
Challenges include 1.5 billion token unlocks, past volatility (e.g., an 80% drop from $2.98), and regulatory risks. Centralization concerns linger with the team’s 35 billion token holdings.
Outlook for $3
Reaching $3 by Q3 2025 is feasible if Pi sustains momentum, breaks $1 by June, and secures major listings or burns tokens. The May 14 Consensus Summit could be a catalyst. However, volatility and supply dynamics warrant caution.