Pi Network has started gaining attention again after a surge of about 35% in just seven days
Pi Network, the cryptocurrency project that’s known for its mobile mining app and large-scale community, has started to gain attention again after a surge of about 35% in just seven days, following its recent partnership with Chainlink. Analysts are also highlighting the possibility of the Pi price reaching $3.
As of the time of writing, the Pi price is at $0.74 and has already jumped 35% in the past week. The recent rise in the Pi’s price comes after the collaboration with Chainlink, a popular oracle system. The platform added Pi on April 12. This major connection Pi secured with Chainlink’s Data Streams is set to increase the value of Pi in the Web3 space and might also help it get listed on the big trading platforms like Binance.
Chainlink’s services involve giving accurate price details for apps built on the blockchain. With its level of accuracy, it could help more people start using Pi. An expert, MrSpockApe, said this update means apps can now use dependable price data for the Pi coin.
How Chainlink Integration Caused a Surge in Pi Price
As usual in crypto, the market responded very fast to the news. On April 12, the Pi price rose from $0.63 to a peak of $0.78, gaining around 23% in just a few hours.
Though the price has dropped a little bit since then, Pi’s total value still stays at $5.14 billion, making it the 24th biggest cryptocurrency by size and further showing its growing interest from buyers, even after a larger 48% drop over the past month.
This recent partnership has caused many to talk about Pi Coin’s possibility of being listed on major exchanges, which could boost its value. Some believe that the price could reach $10 in the future, but $3 seems like a more likely short-term goal. With its growing use and strong community backing, Pi Coin looks ready for a potential rise.
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