Pi Coin price surged by 6% – Experts predict a breakout to 10 USD

The price of Pi Coin has seen an impressive bounce back amidst the overall market gradually recovering from recent losses. It seems that the anxiety over geopolitical tensions has temporarily subsided and investors are returning to the market after the recent correction.

This new optimism is rekindling interest in the Pi Network, as more and more people are placing expectations on the long-term potential of the project. In this context, a prominent analyst in the community has shared insights on the price journey of Pi over the next 5 years and the factors that could drive its value.

Can Pi Coin reach 10 USD in the next 5 years?

The recent bounce back of Pi Coin has sparked much speculation about the future direction of this currency. According to community expert Dr Altcoin, Pi Network will need at least 5 years to consolidate its practical value.

He emphasized that in order to maintain sustainable growth, Pi must demonstrate its applicability in real life. If clear use cases cannot be created or applied in commerce, the price of Pi may continue to stagnate for a long time. Additionally, if the market remains highly volatile, users will hesitate to use Pi for daily transactions – this could slow down the global adoption process of the project.

He also noted that currently about 95% of Pioneers are holding less than 1,000 Pi, and most of that is still locked or waiting to be converted to the mainnet.

Based on the above factors, Dr. Altcoin believes that the price of Pi needs to reach at least 10 USD to become truly useful in its own ecosystem. In other words, he argues that usability, stability, and the process of transitioning users to the mainnet will be three key factors determining whether Pi Network will succeed or fail.

Key factors that can drive long-term growth

One of the biggest drivers for Pi Coin in the future may come from the development of the ecosystem. If developers can build DApps, payment gateways, or integrate with e-commerce platforms, Pi will gradually gain real-world applicability, which will in turn drive demand and enhance its credibility in the market.

Alongside that, the process of moving users from the testnet to the mainnet and the level of wallet activity will also play an important role. The more people transfer Pi to the mainnet wallet, the better the liquidity and utility of the currency will improve, helping to expand its acceptance.

Additionally, if Pi is listed on major exchanges like Binance or Coinbase, the price may bounce back sharply in a short period because large exchanges often create a positive price effect for newly supported coins.

What is the next trend?

At the time of writing, the price of Pi Coin is trading around 0.6 USD, up about 6% for the day. However, the trading volume in the last 24 hours has unexpectedly dropped nearly 60% to around 85 million USD, indicating that the recent selling pressure is temporarily stabilizing.

Although there are signs of bounce back, Pi has still decreased by about 5% in the past 7 days and lost about 22% of its value in the last month. However, technical indicators are still signaling positively.

The RSI index is currently at 35 – indicating that Pi is entering the oversold zone. Usually, this price level will attract more new capital, as traders tend to buy when prices are low. Considering all these factors, if market conditions continue to be positive, Pi Coin may maintain its upward momentum in the near future.

Justin