$PI Coin Surges 15% - Can It Break the $0.50 Barrier?

robot
Abstract generation in progress

TThe reference to the most recently published technical analyses of the BSC News will estimate the price range of the Pi Network-based $PI coin trading between 0.29 and 0.50 in August 2025. Up-to-date information indicates that as of August 9, the token gained 15 percent of its value to an attained market capitalization of $3.26 billion. Besides, this run is coming after an increment of 29.40 percent in the 24-hour trading volume, which is currently at $122.7 million, indicating increasing investor attention and imminent bullish prospects.

A Unique House since 2019

Pi Network, a crypto network founded in 2019 by graduates of Stanford University, had increased the number of its users to 60 million users worldwide. Most cryptocurrencies prefer to limit the token supplies to help make them scarce; however, the core team of Pi Network decided that the total amount of dedicated tokens should be 100 billion tokens, which they justify in the face of constant criticism by the community members who demand the burning of the tokens. The strategy is intended to ramp up scalability and accessibility but can be cautioned that it can compromise long-term competency.

The volatility factor

A 2021 article published in the Journal of Risk and Financial Management has concluded that most of the snappy price gain in crypto markets closely track with bubbles of speculation as opposed to normal development. This renders the next few weeks decisive in the fate of $PI as investors keep track of whether it closes in on the $0.30-solid point or breaks in the direction of the same $0.50 obstacle.

And with the steam gaining momentum, the $PI coin of the Pi Network has an August to reckon with. The technical range is encouraging and should allow it to rise further but this is crypto, and history is replete with big volatility in the market.

PI-6.69%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
GateUser-dd75e4eevip
· 08-09 15:51
Just go for it💪
View OriginalReply0
Xianglinvip
· 08-09 12:43
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)