Pi Network (PI) Price Prediction: Will It Hit $5 Before March 31?

After plunging last week following the launch of its highly anticipated mainnet, the price of Pi Network has seen a 157% recovery

Jakarta, pintunews.com – The price of Pi Network has shown a 157% recovery after plunging last week following the launch of the hotly anticipated mainnet. This recovery comes amid market conditions where Bitcoin and most altcoins are still under pressure.

This article will discuss whether Pi Coin’s price will jump from the current $1.52 to $5 before the first quarter ends on March 31.

According to CoinGate (24/2/25), the price of Pi Network has risen sharply in recent days after previously dropping after the launch of its mainnet.

This drop occurred when many pioneers began selling their tokens after they became available on exchanges such as OKX and HTC. Many of these pioneers had been mining their coins for over 6 years, making the mainnet launch the best period to sell their coins.

Pioneers had also observed that many newly launched tokens usually crash after their airdrop. This includes popular tokens such as EigenLayer, Wormhole, and Hamster Kombat.

Pi’s value also dropped after Bybit’s CEO called it a scam. This criticism was highlighted because it took place on the same day of the Bybit hack, which resulted in a loss of $1.4 billion in Ethereum

However, the value of Pi Network is now increasing again after many investors bought during the price drop, which is evident from the large trading volume.

CoinGecko data shows that Pi’s 24-hour volume reached $1.3 billion on Sunday, February 23. On Monday, the 24-hour volume was recorded at $1.1 billion, and this figure is likely to increase further.

This performance may encourage more mainstream exchanges to list Pi coin. A Binance poll on whether Pi should be listed showed an approval rating of 88%, which means that Pi is likely to be listed this week. This could also encourage other exchanges such as Coinbase and Kraken to do the same.

Can Pi Coin Value Reach $5?

The price of Pi Coin has shown a recovery after dropping to $0.6016 following its mainnet launch. This drop is quite significant, considering that the price was originally trading at $2 and had risen to $2.2. A move from the current price of $1.51 to $5 would be a 271% increase.

Parabolic movements like this are possible, especially in the crypto industry. For example, the price of Mantra has shot up from less than $0.1 in 2024 to $9.5 today. As recently as November, the prices of XRP and Stellar Donald Trump’s victory.

Also read: 5 Free Crypto Airdrops the Community is Looking Forward to at the End of February 2025!

Pi Network’s price could experience a parabolic spike like this by March 31. This scenario could unfold if Pi receives a number of bullish catalysts, such as listings on Binance, Coinbase, and Kraken.

As a USA-made coin with a market capitalization of almost $9 billion, there is also a possibility of a Pi Network ETF materializing. All of these factors could trigger FOMO among traders and investors, pushing the price of Pi Coin even higher.

Technically, a strong rebound towards $5 will become more likely if the coin manages to break the post mainnet launch high of $2.2 and the Pi value of $3.14. Such a move would indicate that more bulls are interested in pushing the price towards the key psychological point at $5.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.