Latest news with #PiNetwork
Economic Times
3 hours ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Ondo Finance Predicts 2025 as Tokenized Stocks Year
30 Jun 2025 | 02:55:13 AM IST Ondo Finance's ONDO token rose 1.5% to $0.7671, following the launch of a global alliance to set standards for tokenized securities, aiming to enhance access to U.S. stocks for international users. In recent developments, Ondo Finance has launched a global alliance to promote standards for tokenized securities, signaling a significant move towards integrating traditional financial products into blockchain systems. The ONDO token has shown positive price action, reflecting market optimism. Meanwhile, South Korean equities have surged following President Lee Jae-myung's support for won-backed cryptocurrency assets, leading to increased retail investor interest. Companies linked to digital currencies have seen substantial gains, with the Kospi Composite index rising nearly 30% this year. In contrast, the Pi Network faces challenges despite its pivot to AI and staking initiatives, with its price dropping significantly. Lastly, EstateX is revolutionizing real estate investment through tokenization, offering retail investors greater control and transparency. As the crypto landscape evolves, these developments highlight the growing intersection of traditional finance and blockchain technology, paving the way for a more inclusive financial future. Show more
Arabian Post
15-06-2025
- Business
- Arabian Post
Pi Network Token Faces Uphill Climb After Sharp Plunge
Pi Network's native token, PI, plunged to a low of approximately $0.40 following a sudden unlock and broader market sell‑off, but recent developments indicate a tentative rebound that may reshape its trajectory. The token had tumbled roughly 35% over a short timeframe, bottoming out at $0.40 before rebounding near $0.60—marking a swift 40% recovery since June 13. Technical indicators show that PI found support at a critical $0.39 level, considered a 'value area low,' which triggered aggressive buying and a solid recovery candle. Market analysts attribute the initial crash to a dual catalyst: the unlocking of some 280 million tokens on 11 June and escalating geopolitical tensions affecting global cryptomarkets. The influx of new supply triggered panic selling, exacerbated by macro‑market uncertainty—echoing patterns seen in earlier altcoin sell‑offs amid the Israel‑Iran tensions. ADVERTISEMENT Further pressure stemmed from technical sell signals. PI dipped beneath its value area low but recovered swiftly—reflecting a classic false breakdown scenario that often precedes rebounds in trader psychology. Analysts highlight the critical resistance zone between $0.65 and $0.80: clearing $0.65 could pave the way for a push to $0.80, but failure to hold above $0.61 risks another drop toward $0.57–$0.60. Broader technical sentiment remains mixed. On one hand, bullish patterns suggest floor levels have been re‑established; on the other, indicators like MACD remain bearish with death crosses and moving averages still overhead—signalling ongoing downward bias unless momentum shifts. The Relative Strength Index hovering below neutral levels hints at entrenched selling pressure. Longer‑term forecasts for PI vary widely. Some platforms model a gradual climb toward $2–5 by 2027–2028, potentially reaching $10 only in the 2030s, contingent on substantial ecosystem growth—particularly from apps, PiAds, verified users, and major exchange listings. For example, CoinCodex's algorithm estimates a $10 target as far off as November 2045. Real‑world applications and mainstream exchange listings are viewed as pivotal. A Binance listing, for instance, could trigger a rally toward $8–$10, but such speculation remains unverified. Conversely, persistent unlock schedules and wallet‑to‑exchange flows continue to weigh on sentiment. Tokenomics pose another challenge. With a potential maximum supply reaching dozens of billions, PI requires sustained demand—via decentralised apps, micropayments, or adverts—to absorb incoming supply and sustain valuations. Despite turbulence, the Pi ecosystem is forging ahead. The launch of a $100 million Pi Network Ventures fund aims to support startups across AI, gaming, fintech, and e‑commerce. Meanwhile, the core network continues onboarding users, though some report frustration over KYC bottlenecks, wallet migration issues, and delays in accessing the mainnet. The community appears split. On‑chain revelations show leverage derivatives listings on platforms like Kraken Pro—a possible sign of institutional curiosity—while sentiment indicators reflect rising caution. Short‑term outlook hinges on whether PI can maintain support above $0.61 and break through the $0.65 resistance. If momentum continues from the rebound, the token could extend toward $0.80 and potentially $1. Conversely, a failure to hold onto current gains might push it back toward the low‑$0.50s. Though the narrative of PI reaching $10 persists—driven by long‑term believers—most analysts agree such futures rely on meaningful network adoption, ecosystem maturity, and clear-cut exchange integrations. For now, the market is focused on stabilising around the $0.60–$0.80 band and resolving token unlock uncertainties to foster a credible case for sustained growth.
Yahoo
05-06-2025
- Business
- Yahoo
Pi coin breaks out of the range but faces resistance
Pi coin breaks out of the range but faces resistance originally appeared on TheStreet. Pi (PI) is a native token of Pi Network, a cryptocurrency project that aims to make crypto and blockchain technology more accessible to the masses. Pi/USDT reached resistance at the upper trading range of $0.648 to $0.656 between June 2 and June 4 and continued above on increased volume to test a down Bullish cross over in the Ichimoku cloud, also supporting momentum, while Stochastic RSI above 80 indicated overbought territory. MACD signals are mixed, trading around the zero level with a slightly negative histogram, suggesting that bulls are hesitant. The current value of Pi is $0.6553 , and it has found support at $0.6494. It is on the 4-hour chart and stands above the 20-EMA, which implies a bullish near-term structure, but it is capped by the resistance of the 50-day SMA ($0.714) and the 100-EMA ($0.6774). On the daily timeframe, Pi remains confined within a descending triangle, and its bearish setup will only be invalidated if it closes convincingly above $0.675. Zypto App's adoption of Pi - The XRP and DASH topping VISA card — has multiplied its practical use across payments. Furthermore, a new blockchain-integrated game called "FruityPi" is set to go live as well, increasing the gaming use case of the token. At a neutral Fear & Greed Index reading of 57 and decreasing 24h volume (-32%), traders are cautiously optimistic. A clear move above $0.675 might call for a test of $0.72, but a break below $0.649 could spark a fresh decline. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research and consult with a licensed financial advisor before making any investment decisions. Pi coin breaks out of the range but faces resistance first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
02-06-2025
- Business
- Time of India
From $0.6806 to $1,000 in 5 years? Move over Bitcoin — Pi Coin may deliver 146,824% returns
Diverging Forecasts: From Modest to Moonshot Live Events What Could Spark a Pi Coin Rally? Risks and Fundamentals A Crypto to Watch Closely (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Pi Network's token has seen a sharp 4.2% decline in the past 24 hours, dropping to $0.6806 - a 14% fall over the past week. Despite the short-term volatility, however, analysts are still highly optimistic. Several Pi Network price predictions suggest the token could soar to $500 to $1,000 or more by 2030, depending on global adoption and successful ecosystem fact, some bullish forecasts project an eye-popping 146,824% price surge from current levels if Pi Coin reaches $1,000 in the next five predictions for Pi Coin vary significantly, ranging from cautious to ultra-bullish:CoinCodex predicts Pi will trade between $0.46–$0.67 in the short term (2025–2027), gradually rising to $0.91–$2.81 by financial model, shared by analyst Mr. Spock, projects $1 to $240 in 2025, depending on adoption and technology rollout, and $106 to $399 by sees Pi starting at $40 and rising to $200–$500, driven by global adoption and strong utility use offers perhaps the most ambitious projection, predicting Pi could hit $500 to $1,000+ by 2030, based on integration into DeFi, global payment systems, and fintech Altcoin, a market forecaster, expects Pi to reach $314 within five years, citing the project's community strength and long-term to Coinpedia, several catalysts could fuel a major Pi Coin rally:Listings on major exchanges like Binance and Coinbase, which would boost liquidity and investor trust.A successful transition from the current closed mainnet to a fully operational open partnerships, ongoing ecosystem development, and integration with real-world services such as e-commerce and peer-to-peer over 47 million engaged users worldwide, Pi Network is also investing in decentralized app (dApp) development and building a peer-to-peer digital economy. If these efforts gain momentum, they could significantly enhance the token's utility and investor the growth potential is huge, several risks and challenges remain:Delays in the open mainnet launchLimited exchange availability, which restricts price discoveryUncertainties around scalability and regulatory complianceStill, Pi Network's unique approach—a mobile-mined, energy-efficient cryptocurrency with a massive global user base—continues to attract attention. If the project manages token supply efficiently, builds real-world utility, and earns mainstream validation, it could achieve the ambitious valuations projected by the recent dip tied to a major Pi crypto token unlock , the broader outlook for Pi Network remains highly positive. With the right strategic moves—including a Binance listing, open mainnet activation, and deeper integration into real-world platforms—Pi Coin could be on track for exponential Coinpedia noted, 'The project's resilience and growing interest among traders hint at a strong upside if the momentum holds.'Whether it actually reaches $1,000 or not, Pi Network is clearly one of the most intriguing projects in the evolving crypto landscape.
Yahoo
01-06-2025
- Business
- Yahoo
Pi Network wants to make crypto as simple as cash and 60 million people are already in
Pi Network wants to make crypto as simple as cash and 60 million people are already in originally appeared on TheStreet. Imagine a currency that works like cash but is digital, fast, and something your friends are already using. That's the pitch behind Pi Network, a crypto platform with over 60 million users that's trying to solve the biggest issue in crypto: usability. Nicolas Kokkalis, the project's founder and Head of Technology, says it all started with frustration. 'We started Pi six or seven years ago with a strong belief that cryptocurrencies are the next step in currencies,' Nicolas said. But in 2018, using crypto felt like solving a puzzle. Wallets were hard to set up, user interfaces were clunky, and for most people, it wasn't worth the effort. 'We embarked to fix this,' Nicolas explained. 'We realized user interface wasn't enough—we had to build our own cryptocurrency from scratch and let people mine it from the start.' That effort became Pi Network, a mobile-first crypto platform where users mine coins by checking into an app daily—no expensive rigs or technical knowledge required. 'It's a social network with a cryptocurrency at its core,' he said. Unlike many blockchain projects that focus on speculation or trading, Pi's focus is on making crypto useful in everyday life. Think paying for coffee, sending money to friends, or interacting with NFT and DeFi apps—all within a simple interface. 'Because of the large number of users, it makes sense to create apps that everyday people can understand,' Nicolas noted. Instead of chasing the latest token fad, Pi aims to feel more like a mobile banking app—with crypto under the hood. Pi's real hook might be how familiar it feels. Millions of users already own Pi, and the network grows mostly through word-of-mouth—not hype or massive ad spend. 'It's simple because there's a large number of people who already own and mine Pi,' Nicolas said. 'If your friend says, 'I'm using this app, here's an invite, I'll help you set it up,' that reduces the barrier to entry,' he added. For traditional investors wary of crypto's anonymity and lack of compliance, Pi offers a rare differentiator: 'Every address, every wallet, is identity-verified,' Nicolas emphasized. That level of KYC (Know Your Customer) across the board is practically unheard of in crypto—and it may be why institutional investors are finally taking a second look. 'The user profile is very diverse,' Nicolas said. From crypto veterans to newcomers who've never used a wallet, Pi's community is varied—and massive. Developers are also starting to build apps on Pi to reach that audience. 'It includes the average individual who's heard of crypto but never knew how to set it up.' This diversity and accessibility give Pi the kind of scale most crypto projects only dream of—especially as other blockchains struggle with user growth. Pi Network isn't just building a platform—it's also investing in its ecosystem. Through Pi Network Ventures, the team is backing startups building on the Pi blockchain, with a $100 million fund. 'We identify and invest in high-potential startups,' Nicolas said. 'They get capital, but also potential access to millions of users.' For founders, the appeal is clear: launch your product into an existing, engaged audience. And for Pi, it means strengthening the network with more real-world use cases. 'Because they're not only getting funding, they get access to a market of millions,' Nicolas added. Pi isn't trying to be the next flashy DeFi token or meme coin. It's trying to be usable, stable, and familiar—especially for people outside the typical crypto circles. With 60 million users and a growing developer ecosystem, Pi is clearly hitting a nerve. Whether or not it becomes the go-to digital money remains to be seen—but its focus on accessibility, identity, and real-world usage makes it one of the more grounded projects in crypto right now. As Nicolas put it: 'They're never going to go back to credit cards or old cash.' Pi Network wants to make crypto as simple as cash and 60 million people are already in first appeared on TheStreet on May 31, 2025 This story was originally reported by TheStreet on May 31, 2025, where it first appeared. Sign in to access your portfolio
