As the global cryptocurrency market starts to recover, one altcoin is stealing the spotlight: Pi Network (PI)

In just one week, Pi Coin has experienced an impressive 50% surge, climbing to $0.75. Now, with a recent development involving Chainlink, the Pi community is filled with renewed optimism.

The global cryptocurrency market is slowly beginning to recover from the turbulence caused by recent tariff talks and other macroeconomic factors. As the dust settles, one altcoin is stealing the spotlight in the crypto world.

In just one week, Pi Network (PI) has seen its price increase by an astounding 50%, surging to $0.75.

This surge in price has come after a brutal bear market that saw the altcoin lose over 80% of its value and drop to lows of $0.40.

However, with a recent development involving Chainlink, the Pi community is filled with renewed optimism. Could this new integration help Pi Coin reach its previous all-time high of $3?

Chainlink Adds Pi Network Data Feed

On April 12, Chainlink, a leading blockchain data provider known for its decentralized oracle solutions, announced that it had added 22 new data feeds to its industry-leading collection of crypto price data.

Among the newly-added data feeds was Pi Network, the mobile cryptocurrency network that claims to have over 70 million users.

This development means that, Chainlink’s broadly compatible off-chain data formats can now carry real-time market data for Pi’s token (PI) to be utilized across multiple blockchain platforms.

For Pi Network, this is a significant step forward, as it will allow Pi tokens to participate in smart contracts, decentralized finance (DeFi) applications, and various Web3 services like staking, lending, and yield farming.

This integration has many in the Pi community buzzing with excitement, as it marks a major expansion beyond Pi Network’s original focus on mobile mining.

With Pi now being integrated into Chainlink’s ecosystem, it could pave the way for greater use cases and adoption of Pi coins in the broader crypto ecosystem.

Pi Network’s Advertising Network Enters Pilot Phase

Chainlink’s announcement comes shortly after Pi Network announced that its advertising network has successfully completed its pilot phase and is now open to developers who wish to apply.

The addition of an ad network is another factor that could help to enhance the Pi ecosystem and create new opportunities for the platform’s growth.

These combined factors are fuelling optimism that Pi Network is building a more solid foundation for its long-term success.

Hope For Listings On Major Exchanges

Currently, Pi Network is listed on smaller exchanges like OKX, Bitget, and Gate.io. However, the addition of Pi data to Chainlink’s platform has raised hope that it could soon be listed on much larger exchanges like Binance, Coinbase, or Kraken.

For many in the Pi community, this isn’t just about the price – it’s about gaining mainstream recognition within the broader cryptocurrency market.

The potential listing on major exchanges would help to further legitimize Pi Network in the eyes of investors and crypto enthusiasts. Such listings could also lead to increased liquidity, making Pi Coin more accessible to a global audience and possibly driving up its value.

Pi Coin Price Prediction: Can It Reach $3?

After dropping over 80% to as low as $0.40, Pi Coin’s price has recently shown signs of recovery, rising to $0.75.

As the coin trades at key resistance levels, analysts will be watching closely to see if it can break above these levels and continue its upward trend.

According to the 4-hour price chart, if Pi breaks above the key level of $1, the coin could continue its upward trend, with the next significant target being $1.73.

With growing interest in Pi Network and its expanding use cases in blockchain applications, some analysts believe the coin could eventually reach its previous high of $3.

However, it’s important to note that crypto markets are notoriously volatile, and achieving such a price will depend on several factors, including market sentiment, additional developments within the Pi Network ecosystem, and broader market conditions.

The Road Ahead For Pi Network

The recent developments surrounding Pi Network – particularly the Chainlink integration and the completion of its ad network pilot phase – are encouraging signs for the project’s future.

The Pi community is excited about the possibilities of increasing the coin’s utility, attracting more users, and possibly gaining recognition on bigger exchanges.

While the $3 target remains a potential long-term goal, Pi Coin’s current momentum suggests that it is on the right track for further growth.

Investors and enthusiasts alike will be watching closely to see how Pi continues to evolve and whether it can achieve greater adoption and value in the coming months.