After a market slump for over a month, PI Network’s Pi Coin (PI) has finally experienced a significant price recovery.
This rise comes just days before PI2DAY, leading to high expectations among pioneers who could see a surge in PI. However, Noones CEO Ray Youssef warns that this alone is unlikely to cause a major price transfer.
Does PI2DAY trigger a PI price rally?
It is important to note that PI’s latest profits are part of a broader positive trend in the crypto market. Beincrypto today reported an increase in its total market capitalization by $36 billion.
Still, many Pipoioners are optimistic that the rise in hype around PI2Day could catalyze price gatherings.
“Did you take the medication? Suddenly you reached $0.6. Will it suddenly rise to PI ($0.8, $1, $1.5, $2, $3)? There’s only a few days left before PI2Day. There’s plenty of room for growth.”
However, not everyone is sure of the potential impact on PI2Day’s price.
“More than the market catalyst, PI2DAY is an iconic celebration, reminding people that there is a PI ecosystem and is not enough to translate into price action. Liquidity, new market access and product development are changing the balance of supply and demand, changing the balance of supply and demand.
In addition to hoping for a price increase, some expect to see a Binance list announced on PI2DAY. The PI Network Community strongly supports the list, but Exchange has not yet listed tokens.
This raised concerns about why listings have not yet happened, especially given the demand for strong users. Youssef explained that exchange lists are not popular and are determined by risk assessments.
He emphasized that before listing tokens, vinance and other platforms usually evaluate several factors. These include legal clarity, technical preparation, security, and the ability to manage liquidity at scale.
The executive added that there is limited public information on how the token economy and supply will work as PI networks move to an open environment. These factors contribute to delays in the list of PIs for major exchanges such as Binance.
“From a legal and compliance perspective, PI doesn’t provide enough transparency. There are still some questions. Is the token a utility, a reward system, or something else? Who controls the node? How is the dispute resolved? It’s getting attention.
The future of PI networks
Youssef also shared his perspective on the future of the network. He emphasized that Pi Coin is uniquely positioned for its vast grassroots adoption. However, there is currently no substantial real-world liquidity and utility.
“The future of PI will rely on the team’s ability to move towards delivery, leaving behind hype through factors such as the open mainnet for free transactions on public blockchains, allowing price discovery and participation,” he said.
Youssef pointed out that networks must evolve, not just mining. According to him, the developer ecosystem requires third-party apps and real-world use cases to create valuable tools, integrate with commercial and provide tangible services.
Achieving compliance and transparency from both regulatory and exchange perspectives is important to attract the liquidity that PIs currently lack.
Finally, the executive outlined what PI needs for long-term success and higher evaluation.
“For a PI to reach or exceed $10 in a real market, you need to ensure inflation to secure new unlocked tokens to buy or sell services or pay for open transfers, lists for high liquidity exchanges, actual economic class, PIs to buy and sell services or pay.”
PI network prices will rise ahead of PI2Day
According to the latest data, PI prices have risen 15.8% in the last 24 hours and are currently trading at $0.615. Altcoin is recovering from the losses it faced this month.
This recent upward movement suggests that Pi can regain momentum if PIs successfully hold their support beyond key levels of support and continue to attract buyers’ interest.
To fully recover, the PI must retain $0.579 in support. If the coin flips to support a $0.617 resistance level, it could pave the way for the loss recovery from June.
The sustained rise shows that Pi’s bullish momentum remains intact. Therefore, a continuous rally might lead it to revisiting $0.787.
However, if the market cannot maintain its bullish momentum, the PI could fall again to $0.541. If you don’t keep this level, it could drop to $0.500. This would invalidate the current bullish outlook and indicate that price adjustments could continue.
It is worth noting that PI2DAY recovery and expectations, but its long-term success depends on addressing liquidity, utility and regulatory transparency. The future of Pi Coin relies on achieving sustainable growth beyond closed-loop systems.
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