Pi Network to $10? Elon Musk Parody Account Fuels the Hype!
Jakarta, Pintu News – Pi Network has been a hot topic in the crypto community even before its token launch. With increased attention post-launch, many investors and traders are seeing great potential from this coin due to the hype, listing on major exchanges, and deflationary activity.
With a combination of bullish factors and strong hype, many predict the price of Pi Coin could reach $10, especially with the giveaway promotion by Elon Musk’s parody account.
Why is the price of Pi Network soaring?
On March 13, 2025, the Pi Network price spiked to $1.78, which was the peak in recent days, with a gain of more than 15%. As of March 13, the price is at $1.70 and continues to show a positive trend.
Read also: Millions of Pi Network Users Threatened to Lose Their Pi Coin, What’s the Problem?
The price target of $2.98, which was the previous record high, seems achievable given the increased trading volume and open interest. According to CoinmarketCap, the 24-hour trading volume (13/3) has surged by 131.39% to $961 million, indicating increased investor confidence.
Pi Day or the KYC and Mainnet Migration deadline scheduled on March 14, 2025 has created a sense of urgency among investors, resulting in high network activity.
Investors who do not verify their KYC will lose all their holdings. In addition, there is strong speculation that Binance, one of the popular crypto exchanges, will list Pi Network, which also fueled the price.
Technical Analysis: Can Pi Network Go to $10?
Reporting from Coingape (3/13/25), several crypto analysts have delivered Pi Network price predictions and showed strong confidence in the token for a bullish trend.
An analyst with the Twitter handle Crypto King stated that Pi Coin could break previous record highs if it follows a certain price structure. In the long run, the token could reach $10, but that requires real utility; without that, the price could drop back to $1.
Another analysis by Coinvo, based on Fibonacci retracement zones, shows that PI is in a key zone that often signals a strong bounce. As such, it predicts a parabolic move upwards, however this target is also for the long term and is supported by listings on exchanges, utilities and other bullish factors.
Impact of Elon Musk’s Parody Account and Potential Price Increase
Elon Musk’s parody account also endorsed Pi Coin and didn’t hesitate to capitalize on the hype of this token.
In a post on X, the account owner announced that he would send $500 in PI to 20 people who liked the post and followed the account, which increased engagement in the community.
The portfolio screenshot shows that the person owns 2,134,877 PI, equivalent to $3.6 million. More importantly, it shows that the person earned almost 100% profit on Pi Coin tokens, further boosting investor confidence.
Overall, although the support from Elon Musk’s parody account provides a boost, a Pi Network price increase to $10 in the short term seems highly unlikely.
However, catalysts such as the formation of Crypto Reserves or bullish rallies could make this happen in the most optimistic scenario. Investors and traders should remain alert to factors that could affect the token’s price and utility in the long run.
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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. Can Pi Network Price Hit $10 as Parody Elon Musk Account Shills Pi Coin Giveaway. Accessed on March 14, 2025
