Pi Network Price Predicted to Hit $5 in March, What’s Driving the PI Coin Price?

Jakarta, Pintu News – The price of Pi Network has seen a 157% recovery after plunging last week following the launch of the highly anticipated mainnet. This recovery comes amid market conditions where Bitcoin and most altcoins are still under pressure.

This article discusses whether Pi Coin’s price will jump from the current $1.52 to $5 before March 31, when the first quarter ends.

Pi Network Price Rises Amid FOMO

According to Coingape (24/2/25), the price of Pi Network has increased significantly in recent days after previously experiencing a decline after the launch of its mainnet.

Also read: Soaring 173%, Pi Network price ready to hit $2?

This drop occurred when many pioneers started selling their tokens after they became available on exchanges such as OKX and HTC. Many of these pioneers have been mining their coins for over 6 years, making the mainnet launch the best period to sell their coins.

Pioneer has also noticed that many newly launched tokens often crash after their airdrop. This includes popular tokens such as EigenLayer, Wormhole, and Hamster Kombat.

Pi’s value also dropped after Bybit’s CEO called it a scam. This criticism was highlighted because it occurred on the same day of the Bybit hack, which resulted in a loss of $1.4 billion in Ethereum (ETH) coins.

However, the value of Pi Network is now back on the rise after many investors bought during the price drop. This is reflected in the significant trading volume.

CoinGecko data shows that Pi’s 24-hour volume increased to $1.3 billion on Sunday, February 23. Monday’s 24-hour volume was recorded at $1.1 billion, and this figure is likely to continue to rise.

This performance may encourage more mainstream exchanges to list Pi coin. A Binance poll on whether Pi should be listed showed an approval rate of 88%, meaning Pi is likely to be listed this week. This could encourage other exchanges such as Coinbase and Kraken to do the same.

Can Pi Coin Value Reach $5?

Pi Coin’s value has recovered after dropping to $0.6016 following its mainnet launch. This drop is quite large, considering the price was originally trading at $2 and had jumped to $2.2. A move from the current price of $1.51 to $5 would be a 271% jump.

Parabolic movements like this are possible, especially in the crypto industry. For example, the price of Mantra has shot up from less than $0.1 in 2024 to $9.5 today. As recently as November, the prices of XRP and Stellar (XLM) also experienced parabolic spikes following Donald Trump’s victory.

Also read: 5 Free Crypto Airdrops the Community is Looking Forward to at the End of February 2025!

Pi Network’s price could replicate a parabolic spike like this by March 31. This is possible if Pi receives a number of bullish catalysts, such as listings on Binance, Coinbase, and Kraken.

As a USA-made coin with a market capitalization of almost $9 billion, it is possible that a Pi Network ETF could materialize. All these factors could trigger FOMO among traders and investors, pushing the price of Pi Coin even higher.

Technically, a strong rebound towards $5 will become more likely if the coin manages to climb past the post mainnet launch high of $2.2 and the Pi value of $3.14. Such a move would indicate that more bulls are interested in pushing the price towards the key psychological point at $5.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pi Network Price is Pumping: Can Pi Coin Value Hit $5 Before March 31? Accessed on February 25, 2025