On the eve of the major event Consensus 2025, where many important blockchain projects will gather, could the temporary fluctuations be a significant turning point for the future of Pi Network…
After two days of rollercoaster for the "Pi holders", with extreme rises and sharp declines, the price of Pi on 13/5 officially stabilized to wait for information from the Consensus 2025 event.
Specifically, on 13/5, from 9 am to 9:30 pm, the price of Pi only fluctuated around 1.1 USD/Pi. Thus, the psychological barrier of 1 USD is quite solid. If there are no extremely sudden announcements, it is likely that Pi will remain flat and accumulate at this price range. In other words, Pi is still helping many investors double their accounts in just one week.
Currently, the "Pi holders" community is still hoping for the price of Pi to increase in the upcoming period, especially tomorrow (14/5) when the project development team will announce important information regarding the expansion of features within the ecosystem.
The timing of Consensus 2025 coincides with Pi Network revealing important announcements about the ecosystem. Community members hope that the major revelation will be the listing on Binance, which has remained elusive for many months.
It seems that the Pi ecosystem has a special connection to the 14th, as the Pi Core Team previously chose March 14 as Pi Day and announced a new development phase of the ecosystem.
At that time, the user community was also very excited and looking forward to positive information from the development team. Notably, on March 12, the price of Pi also peaked with a 23% increase and temporarily halted at 1.6-1.7 USD.
Although the main purpose of the project development is not focused on trading prices, it must be said that any new announcements from the ecosystem excite the user community, actively engaging in trading and pushing the price higher as an inevitable outcome.
However, previous price surges of Pi were quite fleeting, even following the trend of "blooming early, withering late", lacking sustainability. This time, users hope for a more qualitative change in Pi's price. They desire true stability, even positively prolonged fluctuations, affirming the value of Pi in the market alongside the development of the ecosystem.
In another development, some posts on the forum provided information about the Pi/TRY trading pair. Accordingly, Pi is being linked for trading with the TRY currency, the fiat currency of Turkey (the new Lira). This information is explained as when Pi Network is listed on the exchange, Turkish people or users with TRY accounts can trade Pi with Lira. There is even speculation, in real-time, allowing users to input the amount of Pi to convert to TRY.
In reality, the information that Pi can be exchanged for other fiat currency denominations remains speculative, with no official news from any organization. Even in Vietnam, foreign exchange trading is not freely permitted. Exchanging TRY at banks requires verification documents; if investors are not careful, they may face legal risks and counterfeit money.