Pi Network Sees Massive $400M in Trading Volume – Can Pi Coin Overtake Bitcoin?
Breaking its week-long free fall, Pi Network has reclaimed its spot in the “best new crypto” conversation, with a $400 million surge in trading volume.Altcoin FUD is easing, helped by better-than-expected U.S. inflation...
Breaking its week-long free fall, Pi Network has reclaimed its spot in the “best new crypto” conversation, with a $400 million surge in trading volume.
Altcoin FUD is easing, helped by better-than-expected U.S. inflation data in the face of economic concerns—Trump’s “tariff war,” NATO tensions, and recession fears—that weigh on market sentiment.
While the front-running altcoin remains the hardest-hit among the top 100, down 30% for the week, today’s 4.4% uptick hints at a possible turning point.
Does Pi Network Really Have a Claim to the Throne?While claims that Pi Network could flip Bitcoin do sound outlandish, there is some merit to the argument that it has the potential to be an altcoin front-runner.
Pi Network has yet to benefit from the increased demand a major exchange listing could bring.
An anticipated Binance listing, which received 86% approval in a community vote, has been delayed with no comment from the platform.
That being said, growth even parallel to that of Bitcoin remains a long shot as the Pi ecosystem struggles from lapse adoption.
Without large-scale use cases, its price remains heavily speculative, leaving it vulnerable to heightened volatility and short-term trading pressure.
PI Price Analysis: a More Realistic TargetToday’s growth could continue as anticipations of exhausted selling pressure exhaustion pave the way for a potential uptrend.
PI / USDT 4H chart, descending channel. Source: Binance.The Relative Strength Index (RSI) moving average has hit the oversold threshold at 30 — a frequent precursor to reversals. This shift appears to be taking effect as the RSI trends upward.
If momentum sustains, PI could climb to retest the upper boundary of the descending channel that has guided price movements since its all-time high.
A successful breakout would likely top out at the $2.10 resistance, representing a 78% gain from current levels.
However, PI has yet to test the key 20SMA resistance, which has rejected recent upside attempts.
A rejection at this level could extend the downtrend, with the lower channel boundary around $0.85—a 24% drop—as the next target.
Given the ongoing bearish market backdrop and inflationary pressures with $160 million in PI token unlocks over the next 30 days, the bearish scenario remains a credible risk.
The New ICO Also Has Yet to Hit Major Exchanges TooAs crypto gains prove far and few between with the altcoin market in decline, investors who back the wrong horse are missing out on those limited gains.
That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of increasingly scarce high-gaining opportunities.
The Mind of Pepe AI will actively engage with the crypto community through X—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights.
Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve.
At the time of writing, MIND has raised almost $7.5 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.
You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website.
The post Pi Network Sees Massive $400M in Trading Volume – Can Pi Coin Overtake Bitcoin? appeared first on Cryptonews.
Original source
Read on CryptonewsRelated market context
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
Bitcoin treasury stock volume collapses 49% to $17B daily average
The decline in Bitcoin treasury stock volume highlights shifting investor preferences towards ETFs, potentially impacting Bitcoin'...
Blackrock’s IBIT Leads $86 Million Bitcoin ETF Inflow as Ethereum Funds Extend Outflow Streak
Spot bitcoin exchange-traded funds (ETFs) drew $85.85 million in net inflows on Friday, with every one of the 12 tracked funds avo...
SpaceX sees rapid ETF adoption as holders surge from 4 to 40 on first trading day
SpaceX's rapid ETF adoption highlights the growing investor confidence in the space economy, setting high expectations for sustain...
EDG faces FUT in first match at Masters London Playoffs as Coinbase partnership puts crypto in front of millions
The partnership between Coinbase and Riot Games at Masters London could accelerate mainstream crypto adoption through esports inte...
Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?
Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for...