Pi Network Price Prediction: HBAR Coin Will Surge 60% After Breaking Out of Consolidation

The Pi Network price has broken out after consolidating for over a month. The token was trading at $1.06 on Sunday, up by almost 100%

The Pi Network (PI) price broke out of a key resistance level and soared by almost 100% from its lowest point this month. It is now trading at its highest level since March, giving it a market cap of over $7.5 billion. This makes it the 27th biggest coin in the crypto market.

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Pi Network Hits Key Milestone As Consensus Event Kicks Off

The Pi Network price will be in the spotlight this week as the Consensus event kicks off in Toronto. This is a big event that brings in some of the top leaders in the crypto and political space, including Robert His brother and Eric Trump.

One of the top speakers in the event will be Pi Network's co-founder, Nikolas Kokkalis, and the Core Team has promised major ecosystem news. This is the first time that the developers have hinted at a major announcement in advance.

A Pi ecosystem announcement will be released on May 14. Tune in to find out what's coming next!

The announcement will be made at 12:00 PM ET (16:00 GMT).

The announcement will be streamed live on Pi Network's social media channels.

This announcement is sure to be a hot topic of conversation among members of the Pi community. Many are eager to hear what the Core Team has in store for the future of the Pi ecosystem.

What To Expect From The Pi Network Announcement

It is unclear what this announcement will be about. However, most analysts anticipate that Pi Network will announce a new exchange listing, either by a company like Binance or HTX, two of the leading exchanges in the industry.

Binance's users voted in approval of a listing, while HTX has been posting hints of a potential listing for weeks. And Justin Sun, HTX's advisor, will attend the event in Toronto this week.

There are other potential market-moving events that may move the Pi Network price this week. For example, addressing the elephant in the room regarding its tokenomics and centralization can be a big thing.

On tokenomics, the team may address the ongoing token unlocks that are flooding the market with millions in Pi coins a month. Additionally, concerns about centralization regarding the Core Team's control over the network may be addressed.

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