The Pi currency rose by 9% in the last 24 hours to reach a daily high of $0.85 before stabilizing around $0.7993, reflecting increasing bullish interest after a period of sideways movement. The currency has surpassed several significant resistances, and if it holds above $0.80, it may achieve further gains.
However, despite this rise, the network faces significant challenges such as:
Delays in KYC processes preventing users from accessing their currencies.
The absence of PI on major platforms like Binance and Coinbase.
The lack of clarity regarding the role of the $100 million Pi investment fund.
According to Coincodex's forecasts, PI may reach $1.76 in 2025, but its success depends on improving access and the utility of the ecosystem.
CoinMarketCap