In the last 24 hours, Pi Coin has surged over 3%, tagging along the wild ride of Bitcoin, which managed to reclaim the $102,000 mark. Ethereum? Oh, just flexing with some strong gains. Altcoins like Solana, Ethereum, and XRP are also bouncing, making it an eventful day for crypto enthusiasts — or should we say, thrill-seekers?
Pi Coin Breaks Resistance, Eyes $1 Target
Pi Coin has somehow managed to break free from the prison of resistance, pushing past the $0.66 to $0.67 zone. And how did it do that? With a vengeance — strong trading volume, signaling that buyers are creeping in. A bit too eagerly, perhaps?
The Relative Strength Index (RSI) is currently at a not-so-impressive 56.68, showing bullish momentum that’s… kind of happening. If Pi stays above this new resistance, we could see a short-term target between $0.85 and $1.00. Sure, why not?
But, hey, if it fails to hold above this level, we might just see some awkward consolidation, and we all know that means more waiting for yet another “breakout” attempt. It’s like watching paint dry but with more crypto hype.
Token Unlock Sparks Supply Concerns
Brace yourselves, folks — Pi Coin’s circulating supply just expanded by 5 billion tokens, jumping from 7 billion to a cool 12 billion today. The catch? No noticeable change in the supply on crypto exchanges. Weird, right?
This sudden spike could very well be from a 5 billion Pi liquidity pool. You know, a little pre-game ritual before a potential major exchange listing. And by “major,” I mean the usual suspects: Binance, BitMart, and HTX. Let’s not get too excited just yet.
Oh, and the extra supply? It popped in and out faster than you can say “stress test,” signaling that Pi Network is prepping its liquidity before the tokens hit exchanges. Clever. Or is it? 🤔
According to the ever-optimistic Dr. Altcoin, Pi Coin could hover around $1 until May 14. If the stars align, Pi might just double to $2 by the end of August. From there, who knows? Pi could trade anywhere between $2 and $5 until the end of 2025, depending on how the whole “ecosystem” thing plays out.
But wait—9.3 million Pi tokens are unlocking today. Is that going to add some stress to the price? Who knows. Maybe Pi’s future isn’t as bright as its fanbase claims. 😏
Big Announcement Scheduled for May 14
The Pi Network team isn’t sitting idle, either. A “major” ecosystem announcement is scheduled for May 14, coinciding with the Consensus Summit 2025 in Toronto. And guess who’ll be gracing the stage? Dr. Nicolas Kokkalis, Pi’s very own founder. Will this announcement change the world? Stay tuned, folks. 😜
A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next!
— Pi Network (@PiCoreTeam) May 7, 2025
Analysts speculate we might get juicy tidbits about new apps, real-world use cases, or even some grandiose plans for the Pi ecosystem. Or not. Let’s keep our expectations… moderate, shall we?
Could Binance List Pi Soon?
And now, for the cherry on top: Could Binance list Pi Network soon? There’s no official word, but the blockchain whispers a different story. A Binance-linked wallet recently processed over 294,000 test transactions with Pi tokens. Coincidence? Yeah, probably.
And did you know Pi’s blockchain shares a lot in common with Stellar (XLM), a token already listed on Binance? Makes it easier for Pi to slip in, doesn’t it? Hmmm…
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2025-05-09 08:32