Jakarta – Over the past week, Pi Network (PI) has recorded a significant price surge of nearly 170%, reaching $1.66. This increase positions Pi Network among the top 15 cryptocurrencies on CoinMarketCap. The rally coincides with the upcoming Consensus 2025 event on May 14, where Pi Network’s founder, Dr. Nicolas Kokkalis, is scheduled to speak. The anticipation has fueled speculation and optimism among investors and users.
What Is the Current Price of 1 PI in Indonesia?
Source: CoinMarketCap
The latest data shows Pi Coin (PI) experienced a sharp 16.82% decline in the last 24 hours, currently trading at **$1.04**. After peaking above $1.50 earlier in the day, the price corrected sharply overnight, continuing its downward trend into the morning of May 13, 2025.
- Market Cap: $7.39 billion (down 15.53% in 24 hours).
- Trading Volume: $1.97 billion (up 44.72%), reflecting high market volatility.
- Supply: Total supply is 100 billion PI, with 7.08 billion PI circulating.
- Community Sentiment: 88% bullish votes from 4 million participants, showcasing strong long-term optimism.
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Why Is Pi Network’s Price Rising?
"Pi Network Set for Major Announcements at Consensus 2025"
– Teaser released May 8 hinted at upcoming updates, driving a 60% price surge within 24 hours.
Key factors behind the rally:
- Consensus 2025 Hype: Expectations of groundbreaking announcements.
- System Upgrades: Recent enhancements to Pi Network’s ecosystem.
- Market Sentiment: Seven-day price increase of 155%, with current trading at ~$1.53.
The project’s market cap now exceeds $10.77 billion, securing its position as the 14th-largest cryptocurrency.
Can Pi Network Reach $3?
Analysts highlight a potential trend reversal, with Pi Network facing critical resistance levels:
- $1.60** and **$2.00: Breakthroughs could pave the way for a new all-time high of $3.
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FAQ Section
Q1: What drives Pi Network’s price volatility?
A1: Major events (e.g., Consensus 2025), system upgrades, and market sentiment heavily influence PI’s price swings.
Q2: How does Pi Network’s supply affect its value?
A2: With only 7.08 billion PI circulating (out of 100 billion total), scarcity may impact long-term valuation.
Q3: Is Pi Network a good investment?
A3: While recent performance is promising, always conduct independent research and invest responsibly.
Q4: Where can I trade Pi Network?
A4: PI is available on select crypto exchanges; check platforms supporting its current trading pairs.
Key Takeaways
- Pi Network’s price surged 170% ahead of Consensus 2025.
- Current price: $1.04 (16.82% daily drop).
- Resistance levels at $1.60** and **$2.00 could determine its path to $3.
Disclaimer: Cryptocurrency trading involves risks. This content is informational only and not financial advice.