Pi Network price has crashed over the past few weeks, erasing some of the gains made after its mainnet launch in February.

Pi Network (PI) has dropped to $1.13, down from an all-time high of $3, bringing its market cap to $7.73 billion from an all-time high of nearly $20 billion. This article explores the top four catalysts that may push the Pi coin to $10 in the long term.

Crypto market rally

A crypto market rally is the most important catalyst that may push the Pi coin price to $10. Such a rally would happen if Bitcoin rebounds from the current correction and surges above its all-time high.

Altcoins have historically performed well when Bitcoin is in a strong uptrend. This surge is usually driven by increased demand from investors and a rise in the crypto fear and greed index.

Potential catalysts for the next crypto market rally include a dovish Federal Reserve, greater regulatory clarity, and more ETF approvals.

Pi Network burn mechanism

Another potential catalyst for Pi Network’s price is a token burn mechanism. A burn refers to a situation where tokens are moved into an inaccessible wallet, reducing supply and helping to control inflation.

Token burns could help offset the ongoing unlocks. Over 188 million Pi coins will be unlocked this month, with another 1.6 billion expected over the next 12 months. More token unlocks will happen in the future since only 6.84 billion are currently in circulation out of a total supply of 100 billion.

Pi Network has various ways of burning tokens. It can burn tokens from users who have not migrated them to the mainnet. It can also burn fees generated from its ecosystem, and the Pi Foundation can voluntarily burn some of its tokens.

Potental Pi coin ETF appoval

Another potential catalyst that could push Pi Network’s price to $10 is a spot ETF application and approval by the Securities and Exchange Commission. Pi meets most of the conditions needed for approval.

It is a larger cryptocurrency than others that have received ETF applications, such as Sui (SUI), Litecoin (LTC), and Polkadot (DOT). It is also more liquid than some of these coins since its daily volume is often over $1 billion. 

Pi Network is also a proof-of-work cryptocurrency, meaning that its technology is similar to that of Bitcoin (BTC) and Ethereum. 

Exchange listings would benefit Pi Network price

Another key catalyst for Pi Network is potential exchange listings by major platforms like Coinbase, Binance, Upbit, and Kraken. It would also benefit from listings on decentralized exchanges like Uniswap and Raydium through a wrapped version of the token.

A Binance listing would expose it to over 200 million global customers. A Coinbase and Kraken listing would broaden its reach among American customers, while Upbit would open access to South Korean traders.

Pi Network price stabilised just above the $1.50 mark on March 15. For PI to triple by the end of March 2025, it would need to reach around $5.55, within a two-week timeframe. Here are key potential PI market catalysts and insights to watch as the month unfolds.

Current Pi Network Price Trends

Recent analysis reveals that PI has undergone significant volatility. After reaching a high of $3.01 last week, the price has dropped by over 40%, reflecting a typical boom-and-bust cycle common in emerging cryptocurrencies.

However, recent bullish momentum across the broader crypto market, following favourable U.S. CPI and PPI reports, has reignited interest in digital assets, including PI.

Volume analysis further supports the possibility of a price rebound. Over the past 72 hours, trading volume has steadily increased, signalling renewed market interest.

Rising volume typically indicates strong buying pressure, reinforcing the probability of a short-term price breakout.

Why is PI Network Price Going Up?

One of the biggest driving factors behind PI’s price action is speculation regarding a potential Binance listing. Over the past few months, PI has secured listings on CoinGecko, CoinMarketCap, and other major price-tracking platforms. These listings have boosted awareness, leading to increased demand.

As depicted above, PI currently ranks 11 largest cryptocurrency network by market cap, surpassing $10.5 billion at the time of writing.

Many traders and analysts believe that PI remains undervalued due to its absence from Binance, the world’s largest crypto exchange. If PI listing on Binance materialises in March, it could trigger substantial inflows from institutional and retail investors.

PI Network Price Projections 2025

According to CoinMarketCap insights, PI has the potential to cross the $50 mark in 2025. Meanwhile, CoinCodex offers a more conservative projection, forecasting a 101.79% increase, which would push PI to $5.64.

While these forecasts highlight PI’s upside potential, strategic traders remain aware of the broader market risks.

With altcoin ETFs dominating crypto market discourse, there’s a real possibility that an approval verdict from the U.S. SEC could divert investor attention and liquidity away from PI. Assets like XRP, SOL, and ADA—each with ongoing ETF filings—could see increased institutional inflows, potentially draining PI spot demand.

Binance Listing Could Spark a Parabolic Rally

Having already secured listings on major crypto exchanges Bitget and OKX, the potential Binance listing would place PI in the spotlight, dramatically increasing demand. If the listing materializes in March 2025,

A confirmed Binance listing could act as a game-changer for PI. Several key factors could contribute to a parabolic rally:

• Exchange Liquidity: Binance’s deep liquidity and global reach could significantly enhance PI’s trading volume, increasing price stability and reducing volatility during rallies.
• Ecosystem Expansion: Exchange listings often attract new partnerships, institutional investors, and developers, leading to broader adoption.

In essence, if PI Network’s listing on Binance materialises, PI’s chances of reaching $5.55 would increase significantly.

PI Network Technical Analysis: $4.5 Breakout Could Validate Triple Gains Forecast

For PI to triple from $1.49 to $4.47-$5.55, it must first clear several key resistance levels:

• $1.58 (Middle Bollinger Band): A move above this level signals a bullish trend shift.
• $1.91 (Upper Bollinger Band): Breaking this resistance confirms upward momentum.
• $2.50 (Historical Resistance): Historically significant level that has posed a major barrier to previous rallies.
• $3.00 (Psychological Resistance): A surge past $3.00 milestone price level would reinforce a move toward $4.50-$5.55.

However, failure to hold $1.25 (Lower Bollinger Band) or a breakdown below $1.00 could delay or invalidate bullish projections. Ultimately, market catalysts, adoption rates, and overall sentiment will dictate whether PI achieves this ambitious price target before March 2025 ends.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.