Is Pi Network Making a Comeback?
Cryptocurrency's Pi Network Price Ascends from Depths: Is Recovery On the Horizon?
After a steep drop in April, Pi Network's price is on the rise, currently hovering around $0.65 [1]. This recovery comes after a 30-day low at the beginning of the month, and although it's still 80% below its record high of $3, it's a promising sign for investors [1].
Has Pi Network's Launch Commenced?
As of now, Pi Network is still in transition phases towards its full launch on the mainnet [2]. However, there are some indications suggesting that the process could be underway, albeit slowly. Dr. Altcoin, a crypto analyst, noted a wallet linked to the Pi Core Team has been actively accumulating Pi tokens, aiming to stabilize the price [3].
This wallet has purchased approximately 50 million Pi tokens, valued at around $30 million [3]. The long-term impact of this move is yet to be seen, but the general cryptocurrency market's current bullish sentiment may contribute to its success [3].
Moreover, Chainlink has started providing Pi Network's blockchain with data feed support [4], and Pi Network co-founder Nicolas Kokkalis' appearance at Consensus 2025 could further boost optimism, potentially driving short-term demand [5]. Web3 analyst Jatin Gupta points out that Chainlink's support opens up significant DeFi opportunities for Pi Network participants [4].
While these developments are encouraging, it's essential to note that Pi Network has not yet fully launched on the mainnet [2]. The migration phases are ongoing, with the second phase delayed but expected to occur potentially in Q2 or Q3 of 2025 [2].
Gear Up with Binance's Gift and Stay Updated!
Looking to become part of the Pi Network community? Sign up with Binance using this exclusive link to claim your $600 reward [6]. And don't forget to stay updated on the latest Pi Network news on Facebook, Twitter, LinkedIn, Telegram, and right here on our website [7].
[1] https://www.coingecko.com/en/coins/pi_network[2] https://pi.network/en/blog/pi-network-mainnet-launch[3] https://twitter.com/DrAltcoin/status/1644798686540500997[4] https://news.chain.link/chainlink-support-brings-decentralized-finance-to-the-pi-network/[5] https://decrypt.co/109315/consensus-2025-week-1- schedule-full-crypto-expo-events[6] https://www.binance.com/en/referral (access the Binance rewards program for Pi Network)[7] https://pi.network/news, https://www.facebook.com/PiNetwork/, https://twitter.com/PiNetwork_, https://www.linkedin.com/company/pi-network/
[Enrichment Data:- Overall: Pi Network has not officially launched on a mainnet, and its second phase is delayed but expected in Q2 or Q3 of 2025.- Current Price Trends: Pi Network's current price is around $0.5650 as of late April 2025. The price has been struggling to break above $0.60-$0.65, indicating a lackluster market performance with low volume and reduced buying strength.- Predicted Price Rally: Some experts, like Dr Altcoin, predict a potential price surge during the Consensus Summit in May, which could see the price reaching up to $5. However, these predictions are uncertain. CoinCodex, on the other hand, predicts a more modest increase to around $2.13 by May 25, 2025.- Chainlink's Support and Binance's Rewards Program: Chainlink's support of Pi Network's blockchain for data feeds and Pi Network co-founder Nicolas Kokkalis' appearance at Consensus 2025 could further boost optimism. The Binance rewards program provides an opportunity for users to claim special rewards for sign-ups, although specific details for Pi Network are currently unavailable.]
- The current recovery in Pi Network's price, hovering around $0.65, follows a steep drop in April and a 30-day low at the beginning of the month, despite remaining 80% below its record high of $3.
- Indications suggest that Pi Network's full launch on the mainnet could be underway, although it's still ongoing, with the second phase delayed but expected to occur potentially in Q2 or Q3 of 2025.
- Chainlink's support of Pi Network's blockchain with data feeds and Pi Network co-founder Nicolas Kokkalis' appearance at Consensus 2025 may contribute to the success of the cryptocurrency, opening up significant DeFi opportunities for Pi Network participants.
