Global payment giant BANXA has made a bold move: purchasing over 30.5 million Pi Coin, valued at approximately 19 million dollars. This is not just an ordinary cryptocurrency transaction, but a clear signal that "big players" are starting to seriously view Pi Network as a leading candidate in the future digital payment field. With this deal, BANXA now allows users to buy Pi directly on its platform and transfer it straight to their wallet, making the Pi community increasingly accessible.
Pi Network currently has over 60 million global users, but many believe the coin's true value is just beginning to emerge. According to market observers, if Pi implements just a few practical applications, its value could skyrocket. Unlike traditional cryptocurrencies, Pi is designed with a mobile-first approach, operated by the community and focused on real-world usage value rather than just chasing hype effects.
A major challenge Pi still faces is its closed ecosystem. Developers, creators, and businesses want more freedom to build applications and services on the network, but they are waiting for Open Mainnet to launch. This will be the stage where Pi becomes completely decentralized and opens up to external developers. BANXA's purchase has sparked a wave of calls from the community, urging the Core Team to accelerate progress towards a more open ecosystem.
BANXA's massive investment is not just a Pi purchase but support for the entire Pi ecosystem. It sends a powerful signal to the entire crypto community that Pi is no longer just an experiment but gradually becoming a real digital economy. By supporting direct Pi purchases and building payment infrastructure, BANXA is helping transform Pi from a mineable coin into a truly valuable market asset.
In terms of price, Pi Coin remains stuck in a narrow price range, trading around $0.58 and showing quite weak upward momentum. Recently, Pi's price attempted to break the $0.6 threshold but failed and is currently testing support at $0.55. Despite a few upward jumps, buying pressure is weakening, and technical indicators like RSI and MACD reflect indecision in the market. Without stronger trading volume or broader listing on major exchanges, Pi's price may continue to move sideways and miss the overall crypto market recovery.
However, analyst Moon Jeff believes that Pi Coin could reach $3 in June, despite the entire crypto market facing difficulties. According to him, global trade tensions are pulling down prices of many assets, including Pi. But when the situation stabilizes, Pi will surge strongly, breaking through resistance levels and heading towards new price peaks. Therefore, Pi's future remains full of potential.
Disclaimer: The article is for informational purposes only, not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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Minh Anh
