Pi Network Price Prediction: Will BNP Paribas Partnership Cause $10 Rally?
The cryptocurrency market lost 1% today, while the Pi Network pricing has been steady at $0.59 for 24 hours.
Pi has fallen 5% in a week, 10% in a month, and 80% from its $3.00 peak.
Since this high, the token has underperformed, but Pi Network's community is celebrating a “collaboration” with BNP Paribas.
A cursory look at the specifics shows that BNP Paribas has denied any such cooperation and that the alliance is just a Pi Network API that might be used in the case of a transaction.
This is unlikely to affect PI's long-term price estimate, which is unpredictable due to the absence of exchange support.
This post confuses two unrelated topics by implying they're linked.
The first section discusses BNP Paribas's digital payment systems, which it has been developing and rolling out in recent months. The website on these products does not include Pi Network.
The essay also discusses the Pi Nexus Banking System, a set of APIs that integrates the Pi Network with banks and fintech organizations.
Even though Pi Network developers have established an API for interaction with BNP Paribas, the latter has not indicated that it would ever cooperate with Pi Network.
Developers have created comparable APIs for Barclays, Apple Pay, PayPal, Adyen, and others, according to a GitHub repository.
Pi Network and BNP Paribas' APIs do not indicate partnerships with Apple, PayPal, or both.
This may explain why the Pi Network pricing has traded sideways today after showing indications of improvement earlier this week.
Pi might break out of its current range and reach $1 later this summer if further innovations or traction are acquired.
