The price of Pi Coin has been hovering in the $0.53-0.69 range in recent weeks, and has so far failed to move above $0.82 despite Bitcoin’s growth. However, crypto-expert Dr. Altcoin predicts that a breakthrough could come as early as the Consensus Summit on May 14, 2025.
During this major blockchain event, new partnerships, updates or ecosystem growth could spark a significant wave of interest in Pi Coin. This could kick-start price growth sooner than expected.
Initially, investors were expecting the main movement to come after August, when there will be a reduction in the release of Pi tokens into the market. After August, significantly fewer tokens will be released monthly, which should reduce selling pressure.
Currently, Pi Coin is oscillating around $0.63, with resistance at $0.68. If it surpasses it, further appreciation towards USD 0.789 to 0.85 could follow, with a target of over USD 1.
However, a positive impulse is needed for a possible rise, which could come just from the May summit. Thus, the developments around Pi Network are worth watching.