In the first week of March, the price of the PI token of the Pi network stayed above ₹150 after a decline from ₹250. This article analyzes current trends and forecasts for PI.
Current PI Token Price Analysis
As of March 6, 2025, the PI token of the Pi network is valued at approximately ₹156.70, which is 36.6% down from the last seven days. Its market cap is ₹1,099.15 billion, or $15 billion.
Crypto Market Post Trump's Announcement
President Donald Trump's March 2 announcement of establishing a U.S. Crypto Strategic Reserve, including XRP, Solana (SOL), and Cardano (ADA), led to a surge in cryptocurrency prices. The total market rose about 10%, exceeding $300 billion. While PI was not mentioned in the reserve, the overall positive market sentiment likely provided indirect support to its price.
Forecasts and Growth Potential for PI
Analysts have various opinions on PI's price trajectory. Some forecasts suggest PI could reach up to ₹266 ($3.06) in 2025. Should it surpass this level, the price could target ₹365 ($4.20). PI has tested the ₹182 ($2.10) support line multiple times. If it falls below this, the price may drop to ₹130 ($1.50) or even ₹87 ($1.00). However, the market's bullish sentiment and buyer expectations maintain optimism around PI.
Despite volatility, buyers remain optimistic, anticipating further gains. The prospect of a Binance listing fuels hope for substantial growth. The Pi Network team recently announced an extension for its KYC verification and mainnet migration deadline to March 14, 2025, coinciding with the project's sixth anniversary.
