Pi Coin on Fire: Will Banxa’s $19M Bet and Global Payments Push Pi to $1?

Pi Coin is again capturing attention, with its value rising over 12% within 24 hours. This climb created considerable optimism among both investors and analysts. Pi price currently approaches $0.70, pushing its market capitalization to over $4.76 billion. This Pi price surge coincides with a broader crypto market recovery and increasing real-world adoption, suggesting Pi might enter a new utility-driven growth phase.

Favorable macroeconomic signals and increasing uses of Pi Coin contribute to this rally. Notably, businesses in South Korea and the United States have begun accepting this digital currency for payments. Such adoption signals its shift from a speculative asset toward a more practical medium of exchange. Technical metrics reinforce this positive outlook. The key question is whether Pi Coin can maintain this drive and surpass the critical $1 barrier.

Real-World Utility Drives Confidence in PI Coin

One key factor behind the Pi price surge is its expanding real-world utility. For example, several skincare shops in South Korea have started taking Pi Coin as a valid payment method. Similarly, Florida’s Zito Realty, a well-known real estate firm, embraced PI to complete property deals. These actions highlight Pi Network’s evolution into a useful financial tool, moving beyond just a speculative asset.

The growing adoption mirrors a broader trend of digital assets being integrated into daily business activities. These practical applications enhance investor confidence and strengthen the token’s underlying value. As people continue using Pi for everyday purchases, its reputation as a reliable cryptocurrency grows. This development could potentially lead to sustained demand and a Pi price surge over time.

Technical Indicators Signal Upward Pressure

As seen in chart 1, Pi Network displays a bullish ascending triangle pattern on its four-hour chart. This pattern and a recent move above the $0.65 resistance level indicate a strong likelihood of further upward price action. Market analysts predict a robust Pi price surge might occur if the coin surpasses the $0.73 Fibonacci retracement mark. Such a move could push it nearer to the significant $1 target.

Chart 1 – Provided by muthonikiama09, published on TradingView, April 12, 2025.

The RSI provides support for this setup, currently reading 66. This value shows growing momentum, but there is room for more growth before hitting overbought levels. Moreover, the MACD indicator recently showed a bullish crossover, confirming the upward price trend. These signals suggest buying interest is intensifying, supporting potential gains soon.

Macroeconomic Trends May Accelerate Growth

Global economic factors could lead to a further increase in the token’s price. The Federal Reserve indicated possible rate reductions aimed at stabilizing financial markets. Normally, lower interest rates boost available funds and encourage investment into riskier assets like cryptocurrencies. This policy change might attract increased institutional and retail attention to Pi Coin, adding more upward price pressure.

Additionally, platforms like Banxa have made getting Pi Coin easier for users. They now allow purchasing and using the token via cards and digital payment systems. Banxa’s acquisition of 30.5 million Pi Coins, valued at nearly $19 million, hints at growing institutional confidence in this cryptocurrency’s future. Such events point toward a developing ecosystem, aligning with macroeconomic trends that favor crypto investments.

Is Pi Coin on the Verge of a Breakout?

Pi Coin seems ready for additional increases because of its increasing adoption, solid technical signals, and favorable macroeconomic conditions. The token has already cleared important resistance points and benefits from positive market indicators. Ongoing adoption by various businesses and easier access through fintech services strengthen the case for its lasting utility and value.

Investors should proceed with caution despite these encouraging signs. Cryptocurrency markets are inherently volatile, and while Pi’s core strengths are improving, consistent growth depends on continued adoption. Regulatory developments and overall market conditions will also play crucial roles. Still, if the current trends hold, Pi Coin could hit the $1 level and secure a strong position within the crypto landscape.