The price of the cryptocurrency Pi Coin (PI) recently fell below the key $0.60 threshold, representing a more than 3% decline in the last 24 hours and a 15% drop in the last 30 days. This development is causing concern among holders, with some traders considering whether this decline could represent a strategic buying opportunity. Since mid-April, Pi Coin has traded in a narrow range between $0.59 and $0.67, with the current price testing the lower limit at $0.58. Should this support be broken, the market could face further declines.
Despite this pressure on the price, there are positive developments that are generating excitement among Pi supporters. The BitMart exchange has officially resumed trading in Pi Coin, providing the market with much needed liquidity. The Banxa platform, which allows the conversion of fiat currencies into cryptocurrencies, is reportedly creating thousands of new accounts, signaling a growing interest in Pi. HTX (formerly Huobi) is indicating Pi Coin-related activity on its platform, which may indicate future support.
In particular, it is worth noting that Pi Network founder, Dr. Nicolas Kokkalis, will be a keynote speaker at the Consensus Summit in Toronto in May 2025, a major event for the global cryptocurrency industry. According to cryptocurrency influencer Dr. Altcoin, these updates could indicate bullish momentum building for the Pi price.