Pi Coin Explodes After Chainlink Partnership—Is $2.50 Next?

5h ago•

bullish:

bearish:

After officially partnering with the decentralized Oracle Chainlink, the Pi Network caught everyone’s attention this week. This collaboration was viewed positively and, as a result, has enhanced market prospects for Pi Coin, the project’s native token, according to Cryptotimes analysts now believe would reach $2.5 in the months ahead.

Pi Coin

Post-announcement, Pi Coin’s value rose by 30 to 35 per cent, indicating heightened investor optimism. Currently, as per the data by CoinMarketCap, Pi is trading at $0.743226 which gives it a market cap of $5.09 billion and a 24-hour trading volume of $224.09 million indicating a surge in trading activity of 36.32 per cent.

Chainlink Integrates Pi into 22 Live Data Feeds

The integration with Chainlink has been confirmed by Pi Network through their official X (formerly Twitter) account at the weekend. In Chainlink’s development update, Pi has been incorporated into 22 new data feeds which provide real-time pricing information to smart contracts and decentralised applications (dApps).

This provides the capability for developers to incorporate Pi Coin into blockchain games, DeFi applications, and other Web3 innovations in real time. Chainlink oracles are accepted as the market-altering standard for safe and decentralized data delivery in Web3.

“Connecting Pi to Chainlink’s trusted infrastructure furthers the project’s movement towards real-world adoption,” remarked Laura Shin, a crypto journalist along with being the host of the “Unchained” podcast.

According to Binance, as of April 15:

Metric	Value
Current Price	$0.743226
Market Cap	$5.09 Billion
24-Hour Trading Volume	$224.09 Million
Daily Growth	+36.32%

Take note that this is the direction Chainlink’s goals were targeting, which is compatible with the broad vision Pi Network has had since the beginning.

Forecasts: Will Pi Coin Achieve $2.5?

Despite the pessimistic sentiments surrounding this coin, platforms like CoinCodex are predicting a bullish trip for Pi Coin. That vision was based on Chainlink’s goals which fuel Pi Network’s ambitions. CoinCodex believes Pi will reach $2.49 in a month, which is a 228% increase from the current price of $0.76.

There seems to be an optimistic sentiment regarding the short-term as well. Out of the 5-day forecasts, CoinCodex expects Pi to reach $0.98 and pegs the 3-month prediction at $2.62. Analysts predict the token will stabilize around $2.12 in 6 months and dip to $2.02 next year.

Experts on CoinCodex predict that Pi Coin will grow significantly:

Time Frame	Predicted Price (USD)	Growth %
5 Days	$0.98	+31.8%
1 Month	$2.49	+228%
3 Months	$2.62	+252%
6 Months	$2.12	+185%
1 Year	$2.02	+171%
By 2030	$2.51	+238%
By 2040	$6.52	+777%
By 2050	$17.22	+2215%

Pi is expected to climb to $2.51 by 2030 and long-term projections predict it will surge to $6.52 by 2040. These estimates are highly speculative, but if the adoption and development of the token remain steady, then Pi may reach 17.22 by 2050, depending on future partnerships.

What We Know So Far

Through this partnership, Chainlink provides real-time data feeds which increase Pi Coin’s functionality and interactivity within the cryptocurrency ecosystem. This is especially beneficial for developers of decentralized applications, as they now have the capability to implement Pi in several smart contract use cases.

“This kind of integration enhances Pi’s standing within the Web3 ecosystem,” said Dr. Li Jin, a blockchain researcher at the University of Hong Kong. “But from an investment perspective, it is important to watch for compliance with regulations and technical maturity before considering it a long-term holding.”

Moreover, the growing potential for its use could increase the number of exchanges that list Pi Coin, which has been restricted in the past due to the project’s ongoing transition between testnet and mainnet.

Keep an Eye on Consumed Risk and Remaining Regulation

Experts seem to agree that the sentiment on the market is mostly on the positive side. However, the migration of Pi Network toward a fully decentralized mainnet is an ongoing process. In addition, there is no clarity around regulatory approval for some jurisdictions for listings.

As far as the investment strategy goes, financial experts recommend doing a proper analysis, especially when it comes to dealing with tokens that are in a nascent or transitional stage.

FAQs

Q1: What does Pi Coin refer to?

Each cryptocurrency has its own Pi Coin, which has been developed by the Pi Network and serves as the foundation for economic activity in a previously defined scope. Pi Network is chronologically moving towards its mainnet.

Q2: What is the role of Chainlink regarding Pi Network?

Smart contracts of Pi Coin’s network are made more functional and usable by off-chain data, enabling smart contract functionality on real-world assets, thus making them more usable.

Q3: Which platforms offer access to Pi Coin?

Currently, Pi Coin is tradable in a few selected decentralized exchanges, with increased exposure expected in the future as the network completes progress on its mainnet.

Q4: What are the Pi Coin and its price expectations?

In the following month, analysts of CoinCodex are optimistic that Pi Coin will be $2.49, with interest in long-term Pi Coin growth dependent on adoption and project development.

Q5: Is Pi Coin a Recommended Investment?

The investment in Pi Coin is accompanied by uncertainty. A careful consideration of logic needs to be made concerning the project’s current technical condition, market accessibility, and compliance to laws

Glossary of Key Terms

Pi network: The blockchain technology targeting development created a distinct border around Earth.

Pi Coin: As outlined below, refers to bits of dec for a network of currency established by Pi Network

Chainlink: A decentralized network of information providers and oracles that supply blockchains with real-world information.

Oracle: External entity that supplies external information to a smart contract via an interface.

DApp: A software application that operates on a distributed computing system.

Mainnet: The implementation of a blockchain network at its stage where it supports a complete ecosystem of services and carries out actual transactions.