{"id":65177,"date":"2025-05-09T14:46:13","date_gmt":"2025-05-09T14:46:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65177"},"modified":"2025-05-09T14:46:13","modified_gmt":"2025-05-09T14:46:13","slug":"pi-network-pi-soars-by-20-daily-is-a-1-comeback-incoming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65177","title":{"rendered":"Pi Network (PI) Soars by 20% Daily: Is a $1 Comeback Incoming?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

PI surged by double digits amid a market momentum and anticipation of a Pi Network ecosystem announcement.<\/span>
\nHowever, millions of PI tokens will be released mid-month, raising concerns about potential sell pressure and incoming volatility.<\/p>\n

<\/a><\/span><\/h2>\n

PI on the Run<\/h2>\n

Pi Network\u2019s native token, whose price consolidated below $0.60 at the start of May, witnessed a solid surge in the past 24 hours. It briefly climbed to a nearly one-month high of $0.77 before slightly retracing to the current $0.75 (per CoinGecko\u2019s data). The represents an almost 20% pump compared to the valuation observed <\/span>on May 8.<\/p>\n

<\/a>PI Price, Source: CoinGecko<\/p>\n

PI\u2019s market capitalization exceeded $5 billion, making it the 32nd-largest cryptocurrency. It is ahead of well-known altcoins such as Uniswap (UNI), Near Protocol (NEAR), Official Trump (TRUMP), and more.<\/span><\/p>\n

Two obvious factors have likely triggered the rise. The first is, of course, the revival of the cryptocurrency market, where Bitcoin (BTC) <\/span>soared<\/span><\/a> well above $100,000. The other is the expectation of a major development following a recent announcement by the Pi Network team. <\/span><\/p>\n

As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the project\u2019s developers teased an \u201cecosystem announcement\u201d that would be released on May 14. Crypto X exploded with speculations, with some community members predicting a potential PI listing on Binance.\u00a0<\/span><\/p>\n

The asset\u2019s latest price increase caught the eye of numerous market observers who think there\u2019s more room for growth. X user MOON JEFF, who regularly touches upon the matter, <\/span>claimed<\/span><\/a> PI has surpassed the $0.75 micro resistance level, predicting a jump to $1. It is important to note that the last time the price traded above the one-dollar zone was in March of this year.\u00a0<\/span><\/p>\n

Another user on the social media platform recently <\/span>wondered<\/span><\/a> if the valuation could explode to $5, asking its followers to drop their predictions. Some of the outlined targets include astonishing figures like $10 and even $20, which seem quite unrealistic (at least as of the moment).<\/span><\/p>\n

Investors Should Tread Carefully<\/span><\/h2>\n

Despite the rally, PI is not <\/span>completely<\/span> out of the woods, and its price might decline in the short term. <\/span>There will be a<\/span> massive release of locked assets by the middle of this month.<\/span> The record day is <\/span>expected<\/span><\/a> to be May 16, when almost 15 million PI will be freed up.<\/span><\/p>\n

This will give investors the chance to sell tokens they\u2019ve been waiting for <\/span>a long time<\/span>.<\/span> Although this doesn\u2019t guarantee such a scenario, the danger of a mass exit still looms.<\/span><\/p>\n

It is worth mentioning that the unlocks are expected to cool down towards the end of the month and the beginning of June.<\/span><\/p>\n

The post Pi Network (PI) Soars by 20% Daily: Is a $1 Comeback Incoming?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PI surged by double digits amid a market momentum and anticipation of a Pi Network ecosystem announcement. However, millions of PI tokens will be released mid-month, raising concerns about potential sell pressure and incoming volatility. PI on the Run Pi Network\u2019s native token, whose price consolidated below $0.60 at the start of May, witnessed […]<\/p>\n","protected":false},"author":0,"featured_media":65178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65177"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65177"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65178"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}