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Pi Network Coin has become one of the most talked-about cryptocurrencies, gaining attention even during market turmoil. Since its launch, its price has swung between $0.60 and $3, before settling around $1.20. Now, crypto expert Kim H Wong has pointed out key factors that could drive Pi Coin’s next major move.
What’s Next for Pi Coin?
According to Wong, Pi Coin has now entered a phase where it will trade like a regular cryptocurrency. But with upcoming developments, it could see a major boost. Some of the key factors that could drive Pi’s price higher include;
More exchange listings: As more platforms add Pi Coin, it will gain greater exposure and liquidity.
New merchant partnerships: More businesses are expected to accept Pi Coin as payment, increasing its real-world use.
Ecosystem advancements: Pi Network continues to grow, with new features that add value to the platform.
Rising interest: As more people understand Pi’s potential, demand for the coin could increase.
Domain auctioning progress: The sale of .pi domain names is gaining attention, which could impact Pi Coin’s economy.
Pi Network’s Web3 Vision Gains Traction
One of the most exciting developments for Pi Network is its .pi domain name auctioning. This move is part of Pi’s larger plan to create a decentralized, Web3-driven ecosystem. These domains could serve as digital addresses for websites, apps, or services within the Pi Network.
For example, a business could use “store.pi” as its online shop, accepting Pi Coin for payments. Major domains like “Samsung.pi” and “Amazon.pi” have reportedly received bids as high as 45,000 Pi, showing strong interest.
Could This Boost Pi Coin’s Price?
The auction process also has an economic impact. Since bidding locks up or burns Pi Coin, it reduces the circulating supply, which could push the price higher. Wong believes this move is a game-changer for Pi Coin, strengthening its use case beyond being just another cryptocurrency.
However, the Pi Network is growing fast with nearly 70 million users and 20 million verified Pioneers. If these continue, Pi Coin could see a significant price surge to around $5 soon.
Massive Unlocking OF Token Coming
Some investors are cautious as a large Pi Coin unlock approaches, with 21.2 million Pi Coins worth $42.39 million set to be released on March 21. This could affect market sentiment, as more supply often impacts prices. In total, 1.6 billion Pi Coins will unlock over the next year.
But for now, Wong suggests that buying and holding Pi Coin could be a smart move as the ecosystem continues to expand.