- Pi Network is gaining traction as rising real-world utility and a key Banxa partnership drive demand, with 1.2 million PI tokens purchased in just 48 hours. Despite short-term bearish trends, growing adoption could pave the way for a rebound toward the $1 mark.
Pi Network (PI) is showing signs of life as real-world utility and strategic partnerships inject new momentum into the token’s trajectory. Despite recent price dips, growing adoption and increased accessibility may signal a bullish turnaround.
As of Wednesday, April 9, Pi Network trades at $0.56—down 17% over the past week. However, the bearish momentum on the charts belies a series of positive developments off-chain. The biggest catalyst? Utility. A South Korean skincare company has joined the growing list of brands accepting Pi Coin for payments, following in the footsteps of Florida-based Zito Realty, which added Pi as a payment option for real estate transactions.
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These use cases are proving that Pi Coin is more than just a speculative asset. Its utility in real-world transactions puts it in the same conversation as established tokens like Bitcoin and Litecoin when it comes to payments.
Adding fuel to the bullish fire is a wave of buying activity through Pi’s recent partner, Banxa. Within the last 48 hours, two wallets scooped up 1.2 million Pi Coins, highlighting surging interest. Banxa’s fiat on-ramp makes it easy for users to buy and sell PI with traditional payment methods—a critical advantage as the coin still lacks listings on major exchanges like Binance and Coinbase.
While technical indicators remain lukewarm—RSI stagnating and ADX pointing to a weakened uptrend—traders should keep a close eye on the $0.73 resistance level. A break above this Fibonacci retracement point could revive bullish sentiment and open the door to a push past the elusive $1 mark.
In the short term, Pi Network’s price may be battling bearish pressure, but its long-term outlook hinges on expanding utility and increasing demand. If this momentum continues, a sustainable rebound could be on the horizon.
Bottom line: As real-world use cases grow and accessibility improves, Pi Coin might finally be ready to move from hype to value.
