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Pi Network Coin Breaks Through: Is a Bull Run Coming? Check the Latest Virtual Currency Ranking!

Pi Network Coin Breaks Through: Is a Bull Run Coming?xmr to usd Check the Latest Virtual Currency Ranking!

Pi Network has been a hot topic in the crypto community recently. With the introduction of artificial intelligence (AI) features, adjustments to the token mechanism, and persistent rumors about its listing on major exchanges, the question on everyone's mind is whether Pi Coin is on the verge of a short - squeeze rally. Let's delve into the latest developments, AI integration, and the token economic model to explore its potential for a breakthrough.

Pi Coin's Sideways Movement and Potential Catalysts

While Bitcoin and other altcoins have been on an upward trajectory, Pi Coin has been trading within a relatively narrow price range for an extended period. As of July 11, its price was approximately $0.49. However, several factors suggest that it might be gearing up for a bullish breakout.

One significant variable is the upcoming reduction in the monthly token unlock volume. Data indicates that the number of Pi coins flowing into the market will gradually decline in the coming months, which could alleviate the selling pressure. This trend is expected to see a rebound in November and December, followed by an eight - month continuous decline. This reduction in the supply hitting the market could potentially lead to an increase in demand relative to supply, driving up the price.

FAQ: What does the reduction in token unlock volume mean for Pi Coin?The reduction in token unlock volume means that fewer Pi coins will be available for sale in the market. This can potentially reduce the selling pressure and create a situation where the demand for Pi Coin may outstrip the supply, leading to a price increase.

Following the Crypto Bull Market Wave

The overall bullish momentum in the crypto market, led by Bitcoin, could also have a positive impact on Pi Coin. Historical data shows that when the price of Bitcoin rises, it often pulls other altcoins along with it. Pi Network could very well be the next beneficiary of this trend.

As the leading cryptocurrency, Bitcoin's price movements set the tone for the rest of the market. When investors see Bitcoin reaching new highs, they often look for other undervalued coins to invest in, and Pi Coin, with its unique features and large user base, could be an attractive option.

FAQ: How closely is Pi Coin correlated with Bitcoin?Although there is no specific data on the exact correlation between Pi Coin and Bitcoin, historical trends in the crypto market suggest that altcoins generally follow Bitcoin's price movements. So, it is likely that Pi Coin will also experience an uptick if the Bitcoin - led bull market continues.

Pi Network's Project Background

Pi Network was launched in 2019 by a team of Stanford University doctors, Nicolas Kokkalis and Chengdiao Fan. Their goal was to create a zero - threshold, low - energy mobile mining blockchain network. The core innovation of Pi Network lies in its use of the Stellar Consensus Protocol (SCP). Users can participate in mining by simply clicking once a day on their mobile apps, eliminating the need for specialized mining equipment or high - energy consumption. This has significantly lowered the barrier to entry for cryptocurrency participation.

As of 2025, the project has exceeded 50 million global users. In February 2025, Pi Network successfully launched its mainnet, marking its transition into a mature operational phase. With the improvement of its ecosystem, the practicality and intrinsic value of Pi Coin have gradually been recognized by the market.

FAQ: How can I participate in Pi Network?You can participate in Pi Network by downloading the mobile app and clicking the mining button once a day. However, note that the mainnet is still in the "closed" stage, and you need to complete KYC verification to transfer the mined Pi coins to the blockchain.

Current Price and Market Data

As of August 4, in terms of the exchange rate with the Peruvian Sol (PEN), Pi Coin is priced at S/ 1.30491, with a 4.89% increase (+S/ 0.060835). It is approximately equivalent to ¥2.6218 or ฿0.00000318. The circulating market capitalization is 2,810,868,307.14 PEN, accounting for 0.08% of the global total market capitalization. The 24 - hour trading volume is $83,780,424.58, with a turnover rate of 2.98%.

Looking at the historical data, the historical low of Pi Coin was $0.3408, and the historical high was $2.9855. Yesterday's opening price was $0.3719, the highest was $0.3807, and the closing price was $0.3548. The 30 - day high was $0.5272.

FAQ: What do these price and market data imply for Pi Coin?These data provide insights into the current market situation of Pi Coin. The increase in price and trading volume can indicate growing market interest. The historical data can help investors understand the price volatility and potential price ranges of Pi Coin.

Price Prediction

Analysts have shown optimism about Pi Coin's price. After its initial launch, the price of Pi Network Coin plunged by over 60% and then rebounded by nearly 160%. Early investors witnessed substantial returns, with the value of their portfolios more than doubling within a few days. Analysts predict that the bullish momentum will further strengthen, with an expected 20 - 25% increase by the end of February 2025.

However, it's important to note that the cryptocurrency market is highly volatile and unpredictable. Factors such as regulatory changes, technological glitches, and market sentiment can all have a significant impact on the price of Pi Coin.

FAQ: Are price predictions for Pi Coin reliable?Price predictions are based on current market trends and available data, but they are not guaranteed. The crypto market is subject to many uncertainties, so while price predictions can provide some guidance, investors should conduct their own research (DYOR) before making investment decisions.

Conclusion

Pi Network has shown significant potential for a price breakthrough. The reduction in token unlock volume, the overall bullish trend in the crypto market, and the continuous improvement of its ecosystem all point towards a possible bull run. However, as with any investment in the cryptocurrency space, there are risks involved. Investors should stay informed about the latest developments, analyze the market carefully, and make decisions based on their own risk tolerance and investment goals.

As the crypto market evolves, it will be interesting to see whether Pi Coin can live up to the expectations and become a major player in the virtual currency ranking. Keep an eye on the latest virtual currency rankings to stay updated on Pi Coin's position in the market.