Pi Network Price Prediction 2025: PI Price Gearing Up for a 100% Rise Ahead of Pi Day
Pi Day celebrates the mathematical value pi, which is represented by the decimal 3.14. It is interesting to note that the mathematical celebration is regarded as a positive event for a crypto with the identical title, Pi. It is worth noting that the Pi Network recently launched its mainnet, which has had an enormous effect on PI price, pushing the price from around $0.1 to as high as $2.2. In addition, speculation about listing on the most popular exchanges has proved to be the frosting on the cake that has elevated the prices higher than the consolidating.
Why is the Pi Network Price Rising?
As we’ve mentioned, Pi Network prices are rising. Pi Network price is moving towards a price-pegging mechanism that is likely to stabilise its value and could even increase its market share. It is known as the Price Pegging Mechanism is a smart contract that makes new Pi coins whenever prices fall below a specific threshold, as well as burning these coins when the prices increase. This is a strategy to maintain price stability despite reports of users’ departure due to problems with the mainnet.
On the other hand, Pi Network has managed to gain a respectable place in the global rankings despite the wider market turmoil. Additionally, being active, the community is involved, however, there is a skepticism about the viability of the project in the long run due to recent developments. There has also been a decrease in the mining rate of Pi which will likely encourage owners to sell their tokens. This will further affect the demand and supply dynamics and lead to the possibility of a price rise.
Will Pi Coin Price Reach $5?
Its PI value is at $1.617 with a 21.42 percent change over the past 24 hours and a market cap close to $12 billion. Market sentiments are overwhelmingly positive, driven by a recent surge in the volume of trading. However, it is under major bearish pressure since breaking out of the parallel channel over the near ter,m and the long-term perspectives remain positive.
As you can see in the chart above as shown in the above chart, as you can see in the above chart, RSI is gaining momentum after having crossed the oversold area, which suggests that the price is on the rebound direction. Additionally, the MACD shows an increase in the pressure to buy as the prices slowly move in an upward direction. A rise up to 0.5 FIB at $1.8 is crucial to maintain the momentum of bullishness in the token. When these levels are met, the new ATH could be set up.
Additionally, the Pi Network’s main team is believed to control 82.8 billion of the total which raises concerns about decentralization. Therefore, market participants need to be very vigilant about the price rise of PI.