After months of stagnation and a drop to an all-time low of USD 0.40, the PI token has experienced a significant turnaround. In the last week, it has seen a 64% rise, gaining more than 30% in the last day alone, reaching $1 for the first time in almost two months. This sharp rise has attracted the attention of investors and analysts, who are speculating on a possible continuation of the rise up to USD 5.
The main factor behind this rise may be the expected announcement scheduled for 14 May. There is speculation about the possible listing of the PI token on a major crypto exchange, probably Binance, which could significantly increase its liquidity and credibility.
Another boost may come from the planned appearance of Pi Network co-founder Dr. Nicolas Kokkalys at the prestigious Consensus crypto conference in Toronto, which takes place from May 14-16. His presentation could bring new information and increase interest in the project.
The analyst known as Moon Jeff pointed to increased purchases of the PI token by unknown entities, including BANXA. These accumulations may signal the confidence of larger players in the future growth of the token’s value. At the same time, there have been more withdrawals of the token from exchanges than deposits, which may indicate long-term investor holdings.
The current developments around Pi Network indicate the growing interest and potential of the project. If the speculation about listing on Binance and other positive news is confirmed, the PI token may continue to grow and bring interesting value to investors.