Pi Network (PI) Price Doubles, Jumping to $1.5 as Market Sentiment Remains Deep Into the Green Zone

The cryptocurrency market continued its leg up on renewed interest caused by recent tariff reductions from the United States and China.

The cryptocurrency market continues its leg up on renewed interest caused by recent tariff reductions from the United States and China.

The easing of trade tensions has bolstered investor confidence, increasing capital inflows into digital assets. With BTC topping $104,000 and ETH trading above $2,500, market sentiment is deep into the green zone.

Amid this bullish environment, Pi Network (PI) has doubled its price, jumping from $0.60 just days ago to its current $1.5 price. At the same time, Solaxy (SOLX), a new Layer-2 solution on the Solana blockchain, has successfully raised over $34 million in its presale phase, moving one step closer to the $35 million milestone.

Could these two altcoins be setting for further gains as bullish momentum continues to spread throughout the market?

Following a tough couple of months, the last few days have seen Pi Network surge in price by over 100%, jumping from its previous week’s lows of $0.60 to its current $1.50 – just below its intraday high of $1.66.

The recent spike in PI’s price is primarily attributed to optimism surrounding a potential significant announcement from the Pi Core Team. Scheduled for May 14 at the Consensus Conference 2025, the potential positive news has built up major excitement within the community. Speculation suggests potential developments such as a Binance listing, mainnet launch details, or strategic partnerships.

Additionally, increased trading activity and accumulation by large holders, also known as “PI whales,” have contributed to the upward momentum. A single wallet account recently bought 70 million PI through OKX, spurring speculation on upcoming bullish news. The same wallet now holds over 155 million PI tokens – more than any single account currently listed on exchanges. This unusual accumulation sparked speculations about a potential major CEX listing.

The combination of speculative enthusiasm and strategic accumulation shows the market’s optimistic outlook on PI’s prospects.

As trade tensions are slowing down and the potential for Federal Reserve rate cuts and Quantitative Easing policies starting within months, we could see a massive bull run throughout the year.

In such a positive environment for the crypto space, PI network could see a push to all-time highs beyond $3 sometime in Q4 2025 or earlier.

But first, PI needs to break the resistance level of $1.80. If the team behind Pi Network doesn’t announce a major partnership or system update/upgrade at the Consensus Conference 2025, the price could drop to $1.40 – another strong price level and the current resistance point for PI. This price action is also backed by indicators like MACD and Stochastic that put the current price at an overbought level, signalling that a pullback is due.

Apart from fundamentals, the price of PI will also highly depend on macroeconomic factors. However, the token is most likely to attempt retaking the $2.8 price level within the coming months – this would create a textbook cup and handle pattern, giving traders a price target of $3 and marking a 100% move from current prices.

While altcoins like Pi Network are seeing significant gains, it’s often new low cap tokens that can give the biggest returns in bull markets. One emerging crypto that’s quickly gaining attention is Solaxy, which is building the first Layer-2 scaling solution developed on the Solana blockchain.

It aims to address critical issues such as network congestion, failed transactions, and scalability limitations that have affected Solana’s performance during periods of high demand. By implementing off-chain transaction processing and bundling, Solaxy enhances throughput and reduces latency.

The project has already shown development progress with frequent dev updates, as well as by launching its official testnet block explorer.

The SOLX token is the system’s native currency and utility token. It facilitates transactions and enables staking opportunities, where presale investors can earn a dynamic yield of 116% APY. Solaxy’s architecture also includes interoperability features, bridging Solana with Ethereum to leverage liquidity and expand its user base.

With over $34 million raised, Solaxy is one of the most successful crypto presales and has quickly become a hot topic in the online community. That, coupled with its innovative use case, could lead to it seeing significant gains when it lists on exchanges in the coming months.