Pi Network Sees 3% Growth Amidst Mixed Market Conditions

Date: March 14, 2025
By: Liza Chaykina, Editor at Cryptonews.ru

Pi Network (PI) has experienced a notable price increase of 3% over the past 24 hours, rising to $1.70. In contrast, the broader cryptocurrency market has seen a decline of 1%. Despite this recent uptick, the PI index remains down by 9% for the week and 36% for the month. However, following a weekly low of $1.26 recorded on Sunday, the token has bounced back, showing a 35% recovery.

Market Trends and Future Potential

While the current price jump reflects a surge in momentum, analysts caution that PI’s recent trajectory may not be entirely settled. The hourly chart indicates that the token might face another downturn in the upcoming days based on the latest technical trends. For instance, its 30-period moving average has recently crossed above the 200-period moving average, a situation that often signals potential price stabilization before a dip. Moreover, the Relative Strength Index (RSI) has surpassed the 70 mark, indicating that the token may be nearing a short-term peak.

Although these market signals suggest caution, external macroeconomic factors could influence PI’s price movements. The token currently stands 42% lower than its all-time high of $2.99, raising questions about its valuation and potential for long-term investment.

Growing Community Engagement and Future Listings

Despite its fluctuating prices, Pi Network continues to capture attention as one of the most discussed new cryptocurrencies. Launched only on February 20, it has already garnered a community of 4.2 million followers on social media platforms. Excitement around the token is heightened by the upcoming Pi Day (March 14), which proponents believe could further boost interest in PI.

Investors are particularly hopeful about obtaining listings on major exchanges like Coinbase, Binance, and Kraken. A listing on any of these platforms could catalyze a significant price rally. If such advancements are made and if tariff concerns do not worsen, analysts speculate that Pi Network could reach $2 by the end of the month and potentially $5 later this year.

Exploring Alternatives: Solaxy Emerges as a Strong Contender

While Pi Network has built a robust following, some critics point to its limited utility as a potential drawback. Currently, it lacks significant metrics on decentralized finance (DeFi) platforms, leaving room for alternative projects to shine.

Among the most promising newcomers is Solaxy ($SOLX), a second-layer network for the Solana blockchain that has already raised $26 million during its current presale. Investors are particularly optimistic about Solaxy’s ability to address significant issues faced by Solana, such as high transaction failure rates, congestion, and delays, especially during peak times. With its focus on providing faster transactions and lower fees, Solaxy is garnering increased interest.

Additionally, as SOLX is required for transaction fees within its ecosystem, the price of the token may rise in parallel with the success of Solaxy. Those interested can purchase SOLX at a discounted price of $0.001662 directly on Solaxy’s website, with anticipated price increments leading up to the conclusion of the presale.

Conclusion

As Pi Network navigates a turbulent market, its ability to maintain and build upon its recent gains could hinge on broader market trends and the response of major cryptocurrency exchanges. Meanwhile, as investors look for viable alternatives, projects like Solaxy are gaining traction, illustrating the dynamic environment of cryptocurrency investment. As always, potential investors should conduct thorough research and consider market conditions before making investment decisions.