3 Factors That Make the Price of Pi Coin Go Up

Bittime -  Pi Network has performed well in recent days, despite the overall crypto market experiencing pressure. Pi Coin price remains stable and shows signs of positive reversal. Here are three main factors that could drive the Pi Coin price up.

1. Pi Network is a US Made Coin

One of the main catalysts that could increase the price of Pi Coin is its status as a cryptocurrency made in the United States. Former US President, Donald Trump, has emphasized that his crypto policy will focus more on digital assets created in the United States, such as XRP, Solana, and Cardano.

In addition, Binance CEO, Changpeng Zhao (CZ), highlighted Trump's statement that there would be the addition of other tokens in the US crypto reserve. This opens up an opportunity for Pi Network to enter the list, considering that its market capitalization has exceeded $12 billion. If this happens, it is likely that the SEC will consider approval of a Pi Coin-based ETF, which could increase the demand and price of this coin.

Also read: Q1 2025 Airdrop Listing List

2. Widespread Adoption of the Pi Network

The second factor that could drive Pi Coin's price increase is increasing global adoption. One important indicator is the Map of Pi application, which shows locations around the world that accept Pi Coin as a means of payment.

Currently, more than 27,000 merchants in countries such as China, South Korea, Vietnam and Nigeria have started accepting Pi Coin. This growth shows that Pi Coin is getting closer to its vision of being a better and more viable alternative to Bitcoin when it comes to everyday transactions.

3. Strong Technical Analysis

From a technical perspective, Pi Coin price shows a strong bullish pattern. The price chart shows that the recent Pi Coin price correction ended at the $1.5177 level, which is the 61.8% Fibonacci retracement level. This level is known as a critical point where many price reversals occur.

In addition, the falling wedge pattern that formed has shown an upward breakout, which is usually a bullish signal. Pi Coin price has also formed a double-top pattern at $1.6213 level, while indicators like RSI and Percentage Price Oscillator are showing bullish divergence. Based on this analysis, it is very likely that the price of Pi Coin will rise again to its all-time high of $3, or even reach $3.14.

Read too 11 Airdrops in March 2025: You Must Watch!

Conclusion

Pi Network has three main factors that could drive price increases in the near future: its status as a US-made coin that has the potential to be included in the US crypto reserve, increasingly widespread adoption by merchants in various countries, and technical analysis that shows a bullish pattern. If this trend continues, the price of Pi Coin could reach new highs in the future.

FAQ about Pi Network

1. Is Pi Network tradable?

 Not yet on major exchanges, but available on some third-party platforms.

2. How to get Pi Coin?

 Through the official Pi Network application by mining for free.

3. Is the value of Pi Coin stable?

 It is still volatile because it has not been listed on a major exchange.

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Reference

Coingape, Is Pi Network Price Bottom in? Top 3 Reasons Pi Coin Will Explode Higher Soon, accessed March 5, 2025.

Author: MF