A remarkable 35% increase in just a week has brought Pi Network back into the limelight, particularly after its integration with Chainlink. Analysts suggest that a 200% rise could be on the horizon.
Pi Coin Soars
After a period of relative stagnation, Pi Network (PI) is once again capturing attention. As of April 14, the token is trading at approximately $0.75, having gained over 35% in the past week. This makes it one of the top performers among mid-cap cryptocurrencies during this timeframe.
The recent surge follows a significant partnership with Chainlink (LINK), a popular decentralized oracle network, which officially incorporated Pi Network on April 12.
The market response was swift. On April 12, immediately following the announcement, Pi jumped from $0.63 to a high of $0.78, witnessing a 23% gain in just hours.
While the price has since eased a bit, Pi’s market cap remains robust at $5.14 billion, making it the 24th largest cryptocurrency by market valuation and indicating renewed interest from investors, even amidst a broader decline of nearly 48% over the past month.
What does this signify for Pi’s future? Will the integration with Chainlink provide sustained momentum, or is this merely a fleeting reaction? Let’s delve into the details.
The Importance of Chainlink for Pi Network
To grasp the significance of Chainlink’s integration with Pi Network, it’s essential to start with some fundamentals.
Blockchains are inherently limited in their ability to access data outside their networks. Hence, when a smart contract requires real-world data—like token prices or updates—it necessitates a secure means to incorporate that information on-chain. Chainlink plays a vital role here.
Chainlink is a decentralized oracle network that supplies verified, real-time information to blockchain applications. Its Data Streams feature continually updates pricing data, such as the current value of PI, in a secure and resistant manner against tampering.
With this integration, Pi Network now has access to critical infrastructure that bolsters decentralized finance (DeFi) applications.
In practical terms, developers can start creating decentralized applications for lending, borrowing, staking, or blockchain gaming, positioning Pi as an active and usable asset.
For example, a lending platform operating on Ethereum (ETH) or Avalanche (AVAX) could potentially integrate Pi by utilizing live price feeds for calculating interest rates or establishing collateral requirements, all independently from centralized exchanges.
This enhances interoperability as well. By leveraging Chainlink’s infrastructure, Pi becomes more appealing to developers and applications that extend beyond its existing ecosystem.
For Pi Network, which has focused on cultivating a mobile-centric crypto ecosystem and boasts over 100 million users worldwide, this addresses a crucial challenge. Many emerging tokens face hurdles in providing reliable data for smart contracts. This absence can restrict developers, leading to user hesitation.
In simpler terms, the Chainlink integration strengthens Pi’s technical foundation. It paves a clearer route toward practical utility in the DeFi realm, which could positively influence its acceptance and overall perception in the long run.
Exploring Pi Network’s Ecosystem
As Pi Coin garners more market interest, its surrounding ecosystem is also beginning to exhibit progress, albeit with some challenges.
Since the mainnet launch on February 20, Pi Network reports that more than 10.14 million users have migrated to the mainnet. This figure has surpassed the project’s initial target of 10 million but still represents only a fraction of its claimed user base of over 100 million.
So far, only 19 million users have completed the KYC verification required to conduct token transfers and participate fully in the ecosystem.
The KYC process remains a significant hurdle. Despite Pi Network extending its KYC and migration deadlines several times, most recently to March 14, many users continue to face technical issues, including delayed verifications, unresolved balances, and outstanding support tickets.
These lingering challenges have sparked anxiety among users who fear they might lose access to their tokens if the issues remain unresolved.
Nevertheless, Pi Network is striving to enhance its ecosystem through decentralized applications. According to their team, over 100 dApps are either in development or already ready for the mainnet, covering areas such as e-commerce, gaming, financial services, and NFTs.
One notable initiative is the Pi Ad Network. This feature enables app developers to monetize their traffic by displaying ads that are paid for using Pi Coin.
Advertisers must use Pi to place ads within participating apps, while developers generate revenue based on user engagement with their applications.
After a pilot phase involving five community apps, the Pi Ad Network is now accessible to all developers whose apps are listed within the Mainnet Ecosystem Interface.
However, unless the KYC process is expedited and more users gain access to their Pi tokens, the impact of these ecosystem features may remain limited.
The infrastructure is gradually being established, but the speed at which users can interact with it will likely dictate how effectively Pi Network can transform adoption into lasting utility.
Price Forecast for Pi Network
Market predictions for Pi Coin in the near term are leaning towards optimism, at least according to existing trend models.
Current projections suggest that Pi’s price could potentially see an increase of over 228%, reaching $2.48 by mid-May 2025. Their shorter-term models also indicate an encouraging outlook for the next five days.
Momentum indicators appear to support this bullish perspective. Most daily moving averages—both simple and exponential—including the 3-day, 5-day, 10-day, and 21-day are signaling “buy” conditions, with the exception of the 21-day EMA, which hints at a possible short-term retreat.
Conversely, other long-term forecasts take a more cautious stance. For instance, one source anticipates Pi to average around $1.53 in 2025, with price estimates ranging from $0.66 to $1.66 throughout the year.
Nevertheless, Pi remains a speculative asset that is still in its developmental phase.
The token only launched on the mainnet in February 2025, and a significant portion of its user base is still working through KYC verification, which restricts market activity compared to more established cryptocurrencies.
Access to trading is also limited. Pi is not yet widely listed on major exchanges, and prices may vary across different platforms.
Investors should practice caution when interpreting these predictive models. These forecasts are based on historical trends and algorithmic assumptions, which can often miss unpredictable factors, such as technical glitches or sudden regulatory changes.
For those contemplating an investment, Pi should be approached as a high-risk asset. Any investment decisions must be made judiciously. Always trade wisely and avoid investing more than you can afford to lose.
Disclaimer: This article does not constitute investment advice. The content and materials presented here are for educational purposes only.