Pi Network Price Surge 15% Targeting $10 As Parody Elon Musk Account Promotes Token With a Giveaway

Pi Network has been a part of active discussion in the crypto community even before its token launch and price rallies. However, the attention escalated

The crypto space has been buzzing with activity, especially with the stellar performance of major coins like Bitcoin and Ethereum. However, another coin that has been a part of active discussion even before its token launch and price rallies is Pi Network.

Its attention was sparked with the launch, as investors and traders have been eyeing it as the potential coin due to its hype, major exchange listing, and deflationary activities. With the conjunction of hype and bullish factors, investors are anticipating the Pi Coin price to hit $10, especially as the Elon Musk parody account promotes the token with a significant объявление.

Is a $10 target possible? Let’s discuss this.

Pi Network Price Surge 15% With Building Bullish Momentum

Among the most bullish tokens in the broader crypto market recovery past the US CPI data release, Pi Coin has been performing incredibly well. Its price surged to a many days’ high of $1.78 earlier in the day, booming more than 15%.

As it currently stands at $1.70, following an uptrend, the target of $2.98 (ATH) seems achievable, especially with the rising trading volume and open interest data. According to CoinmarketCap, the 24-hour trading volume has surged 131.39% to $961M, showing building investor confidence amidst the Pi Day uptrend.

Why is the Pi Network Price Surging Today?

The Pi Day or the KYC deadline and Mainnet Migration is set for March 14, 2025, which has created a sense of urgency among investors, resulting in high network activity. This is because investors with unverified KYC would lose all their holdings.

In addition, there is intense speculation that the popular cryptocurrency exchange, Binance, will list the Pi Network coin, further fueling its price.

Last but not least, there is strong market participation due to its performance and growing utility. It has an active user base of 65M and over 100 decentralized apps, breaking key resistance levels. With that, analysts predict potential rallies to $5 and $10 higher in the coming weeks. Interestingly, the crypto influencer promotions and support are also fueling this rally.

Can Pi Coin Price Reach $10 Amid Parody Elon Musk Account’s Giveaway?

The famous parody Elon Musk account also supports the Pi Coin and did not step back from benefitting from this token’s hype. In the recent X post, the account holder has announced to send $500 in PI to 20 people who will like the post and follow the account, building engagement among the community.

A screenshot of the portfolio shows that the person holds 2134877 PI, which is equivalent to $3.6M. More importantly, it displayed that the person has nearly 100% returns on the Pi Coin token, boosting investor confidence higher.

However, as the token has not had a rally close to $10, various bullish factors must be sustained for this to happen. If the Pi Network price continues to break the key resistance and maintain a high trading volume, it can get to new highs.

In addition, the exchange listing and increased adoption could introduce additional bullishness. However, the token unlocks and allegations of scams could introduce selling pressure.

Technical Analysis: Is a $10 Rally Really Possible?

Various crypto analysts have presented their Pi Network price predictions and strong trust in the token for a bullish uptrend. One with the Twitter handle Crypto King claims that the Pi Coin could break its ATHs if it follows a certain price structure. On a long-term goal, the individual claims the token can achieve $10. But the team must have actual utility as, without that, it could fall to a low of $1.

Another analyst, Coinvo, has a similar take based on the Fibonacci retracement zone. According to him, PI is at the key zone, which often signals a strong bounce. With that, he predicted a parabolic move upward, but this target is also for the long term and is fueled by the exchange listings, utility, and other bullish factors.

As a result, the possibility of the Pi Network price surging to $10 in the short term is slim, even with a parody Elon Musk endorsement. But a catalyst like a Crypto Reserve formation or bull rally can make this happen in the most optimistic scenario.

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