Pi Network Surges Over 125% Amid Market Downturn

The price movement of Pi Network is really noteworthy, increasing from $0.66 to $1.50 in a short period of time. The 125% increase highlights the market's new confidence, even as leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) face strong selling pressure. Only today, PI has increased by 10%, outperforming most major cryptocurrencies struggling in the context of pessimism. The significant price increase indicates strong demand, possibly driven by the recent mainnet launch and listing on the exchange.

Why is the Pi network growing? Some factors that may have driven the recent price increase of Pi Network: Mainnet Expansion - The long-awaited mainnet launch of Pi Network is set to take place in February 2025, increasing speculation about its future. Increased listings on exchanges - Many platforms are listing PI, improving accessibility and liquidity. Strong community support - With over 60 million registered users, Pi Network has a large user base contributing to market activity. Scarcity and locked tokens - Many tokens are still locked, limiting circulating supply and potentially driving prices higher. What is the next step for Pi Network? Despite the recent price increase, Pi Network remains a highly speculative asset. Analysts believe that if demand continues, PI could retest its previous high or even surpass the $2.00 level. However, selling pressure hidden from unlocked tokens and market conditions may impact price volatility in the future. Currently, the recovery potential of Pi Network in the bear market is a strong signal for traders and investors seeking opportunities beyond traditional cryptocurrencies.