By The Pi Network price has sunk since the mainnet launch in February this year, leading to substantial losses to pioneers and other investors. It has dropped from $3 in February to $0.6350, with its valuation crumbling from over $15 billion to $4 billion. This article delivers a contrarian Pi Coin prediction, explaining why it may surge soon.
Major ecosystem announcement
The first reason why the Pi Network price may surge soon is that the developers have announced that they will have a major ecosystem announcement on Tuesday, May 14th, during the Consensus event in Toronto.
A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next!
It is hard to predict what to expect in this announcement, but there is a likelihood that the Pi Coin price will jump ahead of the news. Indeed, it was up by over 10% on Thursday morning as the hype started.
A potential announcement could be an ecosystem fund like other top players in the crypto industry have done. Such a fund will provide developers with the financial resources they need to continue building their applications.
Another likely announcement will be the potential exchange listing by one or more large companies. A potential listing could come from HTX, a company that has been teasing of doing so through a series of cryptic posts on X.
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Such a listing may be possible since Pi Network’s founder attended last week’s Token2049 event, where Justin Sun was a top speaker. Sun, a top HTX advisor, will also be a speaker at the Consensus event in Canada.
Pi Network may also announce a large partnership with other companies in the crypto or financial services industries.
Read more: Pi Network price prediction 2025 – 2030 after the mainnet launch
Pi Coin exchange listings
The other reason why the Pi Coin price may surge soon is that one or more tier-1 exchanges may decide to list it in the near term.
Exchanges have been wary to list Pi in the past few months for a few reasons. First, there are concerns about its tokenomics, which favor insiders. Second, an exchange like Bybit thinks that Pi is a scam, and has vowed not to list it.
Further, there are concerns about its low liquidity since the daily volume in existing exchanges has been weak. CoinMarketCap data shows that the volume has moved below $100 million. Exchanges may also be concerned about it centralization as insiders own over 35 billion of the 100 billion tokens.
However, many of the top-tier exchanges will likely review Pi Network before their eventual listing. This process often takes time since thousands of new tokens are released daily.
Pi Network may also be doing the Know Your Business (KYB) on exchanges before it announces a listing.
Pi Network price technicals
Pi Network price chart | Source: TradingView
The other potential catalyst for the Pi Coin price is that its technicals are improving. The chart shows that it has been in a consolidation phase in the past few weeks.
This consolidation may be part of the accumulation phase of the Wyckoff Theory, which is characterized by low volume and sideways price movement. All an asset needs in this phase is a spark, and then it will enter the markup phase, which is characterized by Fear of Missing Out (FOMO) and parabolic moves.
The other technical catalyst is that Pi Network’s Bollinger Bands have narrowed this year, which may lead to a squeeze in the near term. Most importantly, it has formed a falling wedge pattern, which is characterized by two descending and converging trendlines. A bullish breakout usually happens when the two lines converge, which has happened.
Therefore, all these catalysts will likely push it significantly higher in the coming weeks, with the initial target being at $1.
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