- $PI Gains 100% Amid Bullish Momentum: Pi Network ($PI) surged 100% in the past week, climbing from $0.66 to $1.16, with analysts eyeing a potential rally toward $2 driven by rising volume and renewed momentum.
- Potential Binance Listing Fuels Speculation: Market sentiment has turned positive as rumors of a Binance listing and a major ecosystem announcement set for May 14 have traders anticipating further gains.
- Bullish Price Targets Eye $2 and Beyond: While some forecasts project $2 as the next key target, more aggressive predictions suggest a possible run toward $10, though those remain speculative for now.
Pi Network
Pi Network ($PI) is a cryptocurrency that can be mined through the Pi Network mobile app. It employs a distinct consensus algorithm and aims to make mining more accessible without the need for costly hardware.
Price Action
$PI is currently trading at $1.16 with a market cap of $2 billion, placing it within the top 20 cryptocurrencies. Notably, since launch, it has experienced sharp volatility — surging from $0.66 to $3 before gradually pulling back. However, after a steady decline, the price has shown renewed strength, climbing roughly 100% over the past 7 days and signaling a possible shift in momentum.
Credit: CoinGecko
Price Predictions
Recently, $PI broke through the $1 psychological resistance and briefly spiked above $1.50 before pulling back to consolidate above the $1 mark. Looking ahead, analysts note that with rising volume and growing momentum, a short-term rally could push the price toward $2 before the end of May. Moreover, some bullish forecasts are even pointing to aggressive targets near $10, though those remain speculative for now.
Market Sentiment and Developments
Sentiment around Pi Network has turned increasingly positive, driven by a mix of strong price action and speculation ahead of a major ecosystem announcement scheduled for May 14. In addition to this, there is also growing chatter about a potential Binance listing, which has further fueled interest and optimism in the community.
Future Outlook
Looking ahead, the mix of bullish technical patterns, upcoming project updates, and speculative exchange listing rumors could keep $PI firmly on traders’ radars in the weeks ahead.
