Pi Network’s Pi coin has experienced a significant surge of 5% today, reaching a three-week high price. This increase in value is accompanied by a surge in trading volume, which has risen to $65.2 million, marking a more than 30% increase. While many cryptocurrencies are facing challenges in maintaining their value, Pi stands out with its strong momentum.
What is driving this rally?
New Exchange Listings Boost Accessibility
One of the primary drivers behind Pi’s surge is the addition of support from new exchanges. Valour, a subsidiary of DeFi Technologies listed on the London Stock Exchange, recently launched eight new crypto-focused Exchange Traded Products (ETPs), including Valour Pi (PI) Swedish Krona (SEK) ETP. This new product has contributed to increased accessibility and liquidity for Pi coin.
Furthermore, Pi Network has secured a listing with Swapfone (BTCC), enabling PI/USDS trading pairs on a regulated U.S. platform. The listing has generated excitement and increased trading activity, further boosting Pi’s value.
Ecosystem Upgrades and Mainnet Launch Ahead
The bullish sentiment surrounding Pi coin is also driven by the upcoming v23.01 upgrade and mainnet launch scheduled for September 3, 2025. This update is expected to enhance security, improve network performance, and introduce more open-source elements to the Pi Network ecosystem.
Additionally, Pi recently announced the release of its Linux Node version, a move that has been well-received by developers and partners. This development will standardize and scale the network’s infrastructure, adding long-term value to the project.
Supply Pressure Eases in September
Another factor contributing to Pi’s price increase is the token unlock schedule. Data from PiScan indicates that 161.73 million PI tokens will be released into circulation in September. While this may seem like a significant amount, it is nearly 50% less than the August unlock, reducing supply pressure on the market. This reduction in new supply is seen as a positive catalyst for price stability and growth.
Pi Coin Price Prediction
Currently, PI coin is trading around $0.37, recovering from its August low of $0.32. Analysts suggest that the token is still within a downward channel but showing signs of recovery. The RSI is climbing towards 48.55, indicating increasing buying demand. If Pi breaks the resistance level at $0.4120, analysts believe it could further extend its rebound.
The MACD indicator has also avoided a bearish crossover, pointing towards a resurgence in bullish momentum for Pi coin.
In conclusion, Pi Network’s Pi coin has experienced a notable surge in price today, driven by new exchange listings, upcoming ecosystem upgrades, and reduced supply pressure. As the project continues to evolve and expand, investors are optimistic about the future growth potential of Pi coin.