Why Pi Network Price Up Today?

The post Why Pi Network Price Up Today? appeared first on Coinpedia Fintech News

After weeks of slow movement, Pi Coin has finally shown some strength, jumping 11% in just 24 hours and moving above the $0.52 mark. While Bitcoin’s fresh all-time high helped, there’s more to this rally than just market momentum. According to popular crypto analyst Dr Altcoin, Pi may have already hit its lowest price, and we might never see $0.40 again.

Here’s what’s giving him that confidence.

Dr Altcoin Says $0.40 Was Pi’s Final Bottom

Dr Altcoin believes Pi Coin’s recent dip to $0.40 may have been its last major low. It’s now been over a week since it touched that zone, and he sees no signs of it falling back, especially with a major shift happening in its token supply.

According to Pi Scan data, the amount of unlocked Pi hitting the market will shrink by about 30%, dropping to just 116 million coins by the end of August. That means fewer coins available for selling, which could reduce pressure on the price and help it move higher naturally.

Pi’s Big AI Bet Could Be the Game-Changer

At the same time, Pi Network is entering the AI space with full force. Its new Pi AI Studio allows developers to build and launch AI projects within the ecosystem. This move could greatly increase real-world use of Pi Coin.

Also Read :   Why is Crypto Going Up Today ?   ,

Community analyst Mr. Spock believes this could be a game-changer. If Pi captures just 1% of the projected $16 trillion AI market by 2030, its market cap could reach $160 billion, a huge leap from its current $3.97 billion. 

That could send Pi’s price soaring past $22 in the long term, a 46x gain from where it is now.

Bitcoin’s Rally Pushes Pi Higher

Bitcoin’s rally to a new all-time high has also lifted the entire crypto market, and Pi is riding the wave. It recently broke above $0.45 and is now holding strong at $0.52. 

This is the token’s first real upward momentum this month, and many see it as a sign that Pi is entering a new phase of growth.

Supporting this outlook, the MACD (Moving Average Convergence Divergence) indicator just flashed a bullish crossover.