The cryptocurrency market has once again witnessed fluctuations, with Pi Network Coin experiencing a significant 10.46% price drop, bringing its value down to $1.41 per coin. This decline comes despite the much-anticipated establishment of the US Crypto Reserve by former President Donald Trump, a move that was expected to inject fresh capital into digital assets.
Market Reaction to the US Crypto Reserve Announcement
The crypto community had high expectations from the US Crypto Reserve, assuming it would lead to increased institutional adoption and government-backed investments in digital assets. However, according to CoinSwitch Market Desk, the reaction was somewhat negative. Investors seemed disappointed that the US did not immediately deploy additional capital into cryptocurrencies, leading to a sell-off that contributed to Pi Network’s price decline.
Despite the price drop, trading activity surged significantly. As of 2:49 PM on Monday, Pi Network’s 24-hour trading volume spiked by an astonishing 101.67%, reaching $994.92 million. The total supply of Pi Network Coin stands at 100 billion, according to CoinMarketCap, indicating its potential to remain a key player in the evolving crypto landscape.
Pi Network Price Prediction and Mainnet Launch Expectations
Pi Network has garnered significant attention due to its unique mining process, which enables users to earn PI tokens directly from their mobile devices. As the network progresses toward its highly anticipated mainnet launch, analysts are making bold predictions about its price trajectory.
According to Fortune India, if Pi Network gains widespread adoption and develops real-world use cases, its price could surge beyond $500 by 2030. This projection hinges on the coin’s ability to establish itself as a functional digital currency within global markets.
In the short term, technical analysts are closely monitoring the $1.90 resistance level. Market experts from Binance.com suggest that if PI breaks above this level with strong trading volume, it could trigger a bullish rally toward the $10 mark. However, failing to surpass this threshold could lead to increased selling pressure, pulling the price back down to $1.54.
To sustain bullish momentum, analysts stress that Pi Network must maintain support above the $1.74 level. This key price point will determine whether the cryptocurrency can establish a strong upward trend or continue facing downward pressure in the coming weeks.
How to Buy Pi Network Coin?
As Pi Network gains popularity, it has been listed on several major cryptocurrency exchanges, making it more accessible to investors. Currently, Pi Network Coin is available for trading on CoinDCX, OKX, and Bitget. To purchase PI, users must follow these steps:
- Download and Install an Exchange App: Install CoinDCX, OKX, or Bitget from the official website or app store.
- Complete KYC Verification: Submit required documents to verify identity and activate trading options.
- Fund the Wallet: Deposit funds into the exchange wallet using fiat currency or other cryptocurrencies.
- Buy PI Tokens: Navigate to the trading section and purchase Pi Network Coin at the current market price.
With increasing exchange listings and growing investor interest, Pi Network’s accessibility is expanding, contributing to its long-term potential.
Bitcoin Price Movement: Market Sentiment and Future Projections
Pi Network’s price fluctuations are occurring alongside significant movements in the broader crypto market, particularly Bitcoin (BTC). Bitcoin prices recently dipped following the disappointing response to Trump’s Strategic Bitcoin Reserve Order amid ongoing US tariff disputes. However, historical trends suggest that Bitcoin tends to recover from such downturns, with long-term bullish sentiment remaining intact.
According to the CoinDCX Research Team, after another bearish weekend, the crypto markets are attempting to regain strength. Despite the current uncertainty, analysts predict that prices may rebound as institutional adoption continues to grow. Market participants are cautiously optimistic, watching for key support and resistance levels that could indicate the next major BTC move.
While Pi Network Coin’s recent decline may concern investors, the cryptocurrency remains a hot topic in the digital asset space. With the potential for a mainnet launch, increased adoption, and further exchange listings, the future trajectory of PI remains promising. As Bitcoin and the broader market work toward stability, Pi Network’s upcoming developments could determine whether it breaks past its key resistance levels and embarks on a significant bullish run.
