Pi Network Could Be on the Verge of a Massive Surge — Here Are the 3 Key Catalysts!
Jakarta, Pintu News – Members of the Pi Network community, known as Pioneers, are increasingly showing their confidence in the potential price increase of PI coin.
This optimism was triggered by a number of important developments, such as participation in prestigious industry events, a surge in market activity, as well as technical indicators that signaled a possible price rally.
Will the Price of Pi Network (PI) Skyrocket?
After the launch of its mainnet and reaching a record high price in late February, the price of Pi Coin (PI) experienced a significant drop.
In fact, by the end of March, PI had dropped below the $1.0 mark. Over the past month, this altcoin has recorded a decline of around 30.5%.
Read also: How Much is Pi Network to Rupiah Today (April 22)?
As of April 21, 2025, PI was trading around $0.64, registering a slight increase of 0.4% in the last 24 hours.
Despite the current underperformance of prices, some market observers remain optimistic that a potential rally is still on the horizon.
From a technical perspective, Pi Coin is now experiencing a consolidation phase around the $0.60 price level, which analysts believe is an important accumulation zone.
Pi Network Development in Real-World Deployments, Communities, and Ecosystems
One analyst predicted, “After a long period of consolidation, the PI/USDT pair is starting to show signs of a potential breakout – and the next target could be breaking above $3.29!”
The analyst added that the positive momentum is not only seen from the price movement.
He noted that the Pi Network is also growing in real-world applications, community growth, and ecosystem development. This shows that the value and potential of Pi Coin is underpinned by fundamental factors, not just price speculation.
However, there are those who are more cautious. Analyst Rananjay Singh highlighted that although PI prices managed to hold above $0.60, reflecting stability, there are still some major challenges.
Singh said the challenges include the mainnet not being publicly opened, the lack of listing on major exchanges, and the lack of real use cases.
“Hype may fuel price spikes, but only real progress can sustain them. The next few months will be the real test,” Singh wrote.
Whale Begins to Withdraw Large Amounts of Assets
Meanwhile, recent market activity tends to favor an optimistic outlook for PI. Based on data from PiScan, whales are noted to have started withdrawing their assets from exchanges in large numbers.
Read also: Pi Coin Set to Soar to $5? Whales Scoop Up 41 Million Tokens in Massive Buying Frenzy!
“There are still 342 million PIs on the exchange. In the last 48 hours, more than 20 million PIs have been withdrawn from the exchange. This is an accumulation signal,” said one user.
The trend of massive withdrawals from exchanges is usually associated with potential price increases due to reduced supply in the market.
Pi Network’s Presence at Consesus 2025 Event
Another factor that strengthens the bullish sentiment towards Pi Coin is the presence of Pi Network founder, Dr. Nicolas Kokkalis, at the Consensus 2025 event in May.
Kokkalis’ presence is expected to increase the visibility and credibility of the Pi Network project, thus drawing more attention to Pi Coin.
“When Nicolas Kokkalis appears on the Consensus 2025 stage, Pi Network’s credibility in the Web3 world will skyrocket,” claimed one user.
A combination of factors – increased exposure from Consensus 2025, massive withdrawals from exchanges, and positive technical indicators – put Pi Coin in a strong position for a potential breakout.
Even so, it should be noted that selling pressure from the token opening could also affect the price. Therefore, the next few weeks will be a crucial period to see if these expectations will actually materialize.
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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:
- BeInCrypto. Analysts Outline 3 Reasons Why Pi Coin (PI) Could Be Set for a Price Rally. Accessed on April 22, 2025
