In Short
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Is There a Chance for a Rally?
Pi Network’s native token has mirrored the broader crypto market’s revival, with a modest 3% price increase in the last 24 hours, currently trading at around $0.35 (according to CoinGecko). Yet, this remains far from the lofty aspirations of bullish investors. Curious about its potential, we consulted three AI chatbots to gauge PI’s peak this month.
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Grok, the AI integrated into the social media platform X, highlighted several positive catalysts for PI’s valuation this month. These include potential protocol upgrades, robust user growth, and the anticipation surrounding Dr. Chengdiao Fan’s keynote speech at TOKEN2049 in Singapore at October’s start. Grok projected that PI could reach $0.50 by month’s end.
Meanwhile, Perplexity offered a more cautious outlook, forecasting a conservative $0.42 and an optimistic $0.75. It noted that while some community members ambitiously target $1, such a leap would require significant market catalysts.
Another Worrying Factor for the Bulls
Predicting PI’s price trajectory also involves considering the growing number of tokens held on centralized exchanges. The figure has hit a record high of nearly 440 million, with Gate.io accounting for almost half of these holdings.
This migration from self-custody to centralized platforms often precedes a sale. Increased token offloading raises the supply on the open market. Without corresponding demand growth, this typically leads to a downward price trend.
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2025-09-13 06:39