
Jakarta, Pintu News – In the past week, Pi Network (PI) recorded a significant price increase, almost 170%, with a value of $1.66. This increase puts Pi Network in the top 15 on CoinMarketCap.
This rise comes ahead of the big Consensus 2025 event, scheduled for May 14, where Pi Network founder, Dr. Nicolas Kokkalis, will speak. This event has led to speculation and high expectations among investors and users.
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The chart above shows the price movement of Pi Coin (PI) over the past 1 day, which shows a sharp decline of 16.82%, with the current price at $1.04. After experiencing a significant increase and touching levels above $1.50 in the first half of the day, the price began to experience a sharp correction from the evening and continued to weaken until the morning of May 13, 2025.
This drop also impacted the market capitalization which now stands at $7.39 billion, down 15.53% in the last 24 hours. However, trading volume increased dramatically to $1.97 billion, up 44.72%, indicating high buying and selling activity and high market volatility.
On the supply side, Pi Coin’s total supply stands at 100 billion PI, with 7.08 billion PI already circulating in the market. Despite the price pressure, community sentiment is still very strong, with 88% of votes being bullish out of a total of 4 million votes, reflecting the long-term optimism of a large user base.
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The Pi Network’s price hike coincided with a teaser announcement released on May 8, which did not provide any clear details but indicated important updates to come.
With the Consensus 2025 event about to take place, many were hoping that there would be an announcement that could push the Pi price even higher. Within 24 hours of the teaser, the Pi price jumped over 60%, and within seven days, it was up over 155%, with the current trading price around $1.53.
With a market capitalization of over $10.77 billion, Pi Network has maintained its position at number 14. Expectations for the continued growth of Pi Network, both in terms of number of users and usability, are strengthened by the system updates that have been made.
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This sudden rise in prices was seen by many as a sign of a possible trend change, from a long bearish phase to a more bullish outlook. Crypto analysts see the large green candle on the daily chart as a signal that momentum is picking up.
Pi Network now faces its next challenge, which is the resistance levels at $1.60 and $2.00. If it manages to cross these areas, many traders believe that the token could reach a new all-time high of $3.
With all the updates and excitement going on, Pi Network might just be an interesting investment in the future.
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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.
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