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The Pi Network price skyrocketed 1,400% within minutes of its launch today at 8 a.m. UTC to trade at $1.40 on trading volume of $51 million.
The launch of PI Coin is one of the most highly anticipated by crypto investors this year as it has been in the works for nearly seven years.
Investors can now buy, sell, and transfer PI tokens for transactions with popular platforms including OKX and Bitget already listing the asset.
🟢 #NewListing
$PI/USDT @PiCoreTeam Spot trading is LIVE on #OKX!Trade now: https://t.co/MTwssOuFq2 pic.twitter.com/jKkyhyQZOd
— OKX (@okx) February 20, 2025
Pi Network (PI) is a cryptocurrency project that allows users to mine tokens directly from their mobile devices without expensive hardware. It has attracted over 100 million participants with its mobile-first mining model, highlighting the potential of community-driven adoption.
Since locking of tokens was mandatory, some 90% are locked up until 2027/2028 and not every user has received all the tokens they mined.
Pi Network is a very fast and Scalable L1
Take advantage of the lows to accumulate if you can. HODL and let the ecosystem mature.
Remember XRP.
NFA!
— 𝓛𝓸𝓻𝓭 𝓓𝓻𝓮𝔂 👑 (@HommiesDrey) February 20, 2025
With the platform now giving 241 days to complete KYC verification and migration, what does it mean for the PI Coin price?
Pi Network Price Prediction
The PI price is currently in a consolidation phase following a sharp move, as seen in the Fibonacci retracement levels. The short-term moving averages (5, 10, 15, 30) are currently below the price, suggesting initial bullish momentum forming.
Meanwhile, the Pi Network price is attempting to move above the short-term moving averages, which could indicate an upcoming recovery.
The Relative Strength Index (RSI) is at 49.77, which is neutral—neither overbought nor oversold.
If the price of PI holds above the $1.30 (61.8% Fib) level and moves above $1.70, it could trigger a rally towards $2.10-$2.60.
However, if the price of Pi Network breaks below $1.30, the next major support is at $0.73 (78.6% Fib level), which could lead to further declines.
Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX), which the popular YouTube channel 99Bitcoins, with over 725K subscribers, says has the potential to soar 100X post-launch.
Solaxy Presale Closing On $23 Million—Next Crypto To Explode?
Solaxy, a new layer-2 scaling solution for Solana, has raised more than $22.4 million in its presale in a fraction over two months.
The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms—similar to Ethereum’s layer-2 solutions.
This model has already been proven successful on Ethereum through platforms like Arbitrum and Optimism.
By processing transactions off of Solana’s main chain, bundling them together, and then submitting them to the mainnet for final verification, the system enhances efficiency.
This approach directly addresses one of Solana’s biggest challenges: network congestion.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer 1 capabilities.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.00164 each using BNB, ETH, USDT, or a bank card. Solaxy also offers holders who stake its SOLX token a huge annual yield of 181%.
Buy before a price hike in a little more than 12 hours to lock in the best deal.
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