Can Pi Coin Price Hit $5? Top Crypto Analyst Reveals Critical Factors

Pi Network Coin remains one of the most talked-about cryptocurrencies, attracting attention even in a volatile market. Since its launch, its price has fluctuated between $0.60 and $3 before settling around $1.20. Now, crypto expert Kim H. Wong highlights key factors that could fuel Pi Coin’s next big move.

Pi Coin to Trade Like a Regular Cryptocurrency

According to Wong, Pi Coin has entered a phase where it will behave more like a traditional cryptocurrency. However, upcoming developments could drive its price higher. Here are some of the main factors that could boost Pi Coin’s value:

• More exchange listings: As more platforms add Pi Coin, it will gain greater exposure and liquidity.
• New merchant partnerships: More businesses are expected to accept Pi Coin as payment, increasing its real-world use.
• Ecosystem advancements: Pi Network continues to grow, with new features that add value to the platform.
• Rising interest: As more people understand Pi’s potential, demand for the coin could increase.
• Domain auctioning progress: The sale of .pi domain names is gaining attention, which could impact Pi Coin’s economy.

Pi Network’s Web3 Vision Gains Traction

One of the most exciting developments for Pi Network is its .pi domain name auctioning. This move is part of Pi’s larger plan to create a decentralized, Web3-driven ecosystem. These domains could serve as digital addresses for websites, apps, or services within the Pi Network.

For example, a business could use “store.pi” as its online shop, accepting Pi Coin for payments. Major domains like “Samsung.pi” and “Amazon.pi” have reportedly received bids as high as 45,000 Pi, showing strong interest.

Could This Boost Pi Coin’s Price?

The auction process also has an economic impact. Since bidding locks up or burns Pi Coin, it reduces the circulating supply, which could push the price higher. Wong believes this move is a game-changer for Pi Coin, strengthening its use case beyond being just another cryptocurrency.

However, the Pi Network is growing fast with nearly 70 million users and 20 million verified Pioneers. If these continue, Pi Coin could see a significant price surge to around $5 soon. 

Is This a Good Time to Invest in Pi Coin?

Despite the optimism, some investors are cautious as a major Pi Coin unlock is approaching. On March 21, around 21.2 million Pi Coins worth $42.39 million will be released, which could impact market sentiment. Over the next year, a total of 1.6 billion Pi Coins will unlock, increasing supply and potentially influencing prices.

For now, Wong suggests that holding Pi Coin could be a smart move as its ecosystem continues to expand.

Between exchange listings, merchant adoption, and Web3 ambitions, Pi Coin is quietly building momentum. If the hype meets reality, this could be a story worth watching.