TL; D
- After several months of depression price movements, including the lowest level ever, the Pi was distinguished last week.
- On a daily scale alone, the original rises by more than 30 %, and pleads with the question that drives this wonderful pump.
A little more than a month has passed when the PI decreased to $ 0.4, which has become the aforementioned ATL, amid the huge distinctive symbol, uncertainty in the market, and FUD against the project behind it.
I bounced in the following weeks but is still in a narrow range of about $ 0.6. PI finally fired this level at the end of last week, and gained 20 % per day on Friday. Of course, these moves attract people’s attention, and popular analysts and commentators began to provide large price predictions of $ 1 and a distance of $ 5.
Interestingly, the smaller goal was reached earlier today when the PI rose by 35 % at one point and took advantage of one dollar for the first time in nearly two months. On a weekly scale, the original increased by 64 %.
There is no clear reason behind this increase, along with the likely noise of the upcoming advertisement for next week (May 14). As I mentioned before, there is speculation about the big exchange list, perhaps on Binance.
Another possibility can be linked again to a noise gathering as one of the founders of the PI network, Dr. Nicholas Cocalis, is expected To speak at the Grand Crushing Conference this year – consensus, which will also be held next week (May 14-16) in Toronto.
Moon Jeff, an analyst that repeatedly talks about PI, pointed out that many “unknown entities”, including banxa, continue to collect the PI network code, which can also be a source of prices. However, his information remains other than verification.
Banxa buys millions $ PI
PCT is to buy again.
Unknown entities accumulate millions $ PI.
Exchange withdrawals are more than deposits.And you sell your coins? Well, let’s see who will win at the end. #Pinetwork
– Moon Jeff (@crypttuad) May 10, 2025
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