Pi Networkโs (PI) stunning 60% upswing on Monday has put the popular mobile mining altcoin back in cryptoโs TOP 20 by global market cap. To boot, Pi coin managed to restore the $1.50 resistance barrier after a nearly two-month hiatus.
60% Run Pushes Pi Coin Above OGs
Last time priced above $1 on March 22, 2025, Pi coin jumped multiple times in the latest 24-hour time frame, hitting intra-day heights of $1.62. The uptick for Pi coin is tied to large trading volumes on Spot, which is close to exceeding $2 billion on Monday afternoon.
Surprisingly, Pi Networkโs 56% dash on Monday has put the freshman altcoin above several competing chains. Shiba Inu (SHIB) moved to the 18th spot, while Stellar (XLM) and Hedera (HBAR) took a step down the ladder despite double-digit gains last weekend.
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This brings the altcoin’s fortnightly returns to a whopping 150.3%, erasing most of the downward slope price movement since mid March, 2025. Surely, Pi Network’s native crypto Pi price is now halfway to reclaiming the all-time peak set at $2.99 one week into the mainnetโs launch.
What Gets Pi Coin Price Back At $2?
Fortunately for the pioneers, the prolonged downtrend ended in early April, when the major demand zone of $0.40 acted as support, boosting Pi coin 277% since. The 48.6% distance to a new all-time high for Pi coin could be covered with strong buying power & re-spawning network activity, as well as incoming Pi coin major listings.
To reclaim $2, Pi coin needs to restore the same confidence the altcoinโs bulls had in late February, when the mobile mining app transitioned into the mainnet, welcoming 18 million verified Pioneers to their network. Recently, the Pi Network core developer team hinted at a major announcement coming on May 14, 2025.
This has significantly boosted the buying power, as evidenced by the Chaikin Money Flow (CMF). Hoarding a rating above 0.22, this large money netflow meter confirms that whales are returning to fill up their Pi coin bags amidst news of a major update, which could be either an exchange listing or a key chain upgrade.
On The Flipside
- Even though a 5.6M Pi token unlock is pending today, market observers expect the markets to absorb the influx without stress on Pi coin (PI) price.
- Pi coin is yet to be listed by major platforms like Binance, KuCoin, Upbit, Coinbase & many more, signaling unrealized potential in adoption.
Why This Matters
Crypto currencies like Shiba Inu (SHIB), Hedera (HBAR) & Stellar Lumens (XLM) have been in the game for a long time, but Pi Network is able to match their market cap due to easy access and free mining practices.
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