Detailed Analysis of Current Pi Network Cryptocurrency Price
Current Price Chart and Market Trends
The price of Pi Network cryptocurrency is down more than 2%, currently around 0.61 USD. After hitting a low of 0.55 USD and reaching a recent temporary high of 0.63 USD, this currency is struggling to maintain its upward momentum. This decline largely stems from the weakening of the overall market, particularly after global geopolitical tensions. The cryptocurrency market often reacts strongly to external fluctuations, making Pi's price vulnerable to significant volatility. Technical indicators suggest the potential formation of a double top pattern near resistance, opening the possibility of a retest or break of the current price level.
Achievements and Updates of the Pi Network
Pi cryptocurrency is still far from its historical peak of about 3 USD. However, the Pi network continues to grow, with an active developer community updating new features. Despite mass withdrawals from OKX, the total supply of Pi on exchanges increased by 29 million Pi, bringing the total circulating Pi on exchanges to 346.4 million Pi. This indicates a growing interest in this currency, despite the price trend facing many challenges ahead.
Technical Analysis and Future Prospects
In the technical chart, the MACD line shows a slight crossover signal indicating a potential price increase. Buying and selling strength is stabilizing, suggesting the possibility of forming a double top at the resistance level, raising the question of whether Pi will break through or face rejection. Analysts predict that if the upward momentum continues, Pi could aim for a price of 1.50 USD to 3 USD in the short term. In the medium term, a price range of 10 USD to 50 USD is achievable if the network expands and is listed on major exchanges. In the long term, if the community and ecosystem develop robustly, the price could reach 50 USD to 100 USD — significantly higher than previous predictions.
Factors That Could Drive Pi's Price Higher
Experts predict that the key factors influencing the future of Pi include:
Listing on Major Exchanges: If major platforms like Binance or Coinbase accept Pi, the price is likely to soar, creating a major wave of investment.
Ecosystem Development: The more applications and services that accept Pi, the stronger the demand and value of this currency will be.
Clear Legal Policies: Positive legal regulations help predict scalability; if the government tightens regulations, Pi's growth momentum may slow down.
Future Price Predictions for Pi Cryptocurrency
Short Term (next few weeks): If the upward trend continues, Pi may return to the range of 1.50 USD to 3 USD.
Medium Term (by 2025): With widespread acceptance and listing on major exchanges, the price could reach 10 USD to 50 USD.
Long Term (from 2030 onward): If Pi builds a strong ecosystem and diversifies the crypto economy, the price is predicted to be between 50 USD and 100 USD. However, if acceptance declines or initial miners start to sell off, the price could remain below 10 USD.
Source: https://tintucbitcoin.com/gia-pi-network-co-the-dat-100-usd/
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