Pi coin price is exploding today

The broader crypto market continues to recover due to positive updates on the US-China trade war, but there’s more. Among the digital assets that are booming with gains is the Pi Network token, which has often been in discussion due to its bullish price performance and anticipation around the top exchange listing.

However, similar to most cryptos, its trend slowed down in recent days before returning today, and there’s a special reason behind that. Let’s discuss.

Pi Coin Price Skyrockets 40% Today Amid FOMO

With a 40% surge today and 130% over the week, Pi coin price is moving with the bulls. It has achieved a two-month high at $1.6, currently trading at $1.3. What’s more significant is that it has reached a market cap of $10.9 billion before settling at $9.57 billion.

Amid broader market recovery due to US-China trade talks, the digital assets are booming with gains, and the Pi Network price rally is a part of that. Among the factors that could be attributed to this surge are FOMO and investors’ sentiments turning bullish amid the upcoming Pi ecosystem’s updates.

In a May 8 post, the Pi Network revealed that an ecosystem announcement would be released on May 14. Although there’s no official news on what’s coming, investors anticipate it to be the much-awaited Binance listing or something equally bullish. As a result, spectators are buying the Pi Coin in anticipation of the bullish rally.

If this happens, it could hit new highs, per experts’ Pi Coin price predictions. Crypto TA King adds that the critical resistance lies around $1.39, $1.69, and $2.0. If the bullish momentum continues, it could hit $1.7 amid this FOMO around the May 14 announcement.

Frequently Asked Questions (FAQs)

1. Why is the Pi Network price up today?

2. Is Binance listing confirmed?

3. Will Pi Network price hit a new ATH?