Pi Network Price Surges Ahead of Important Day

On the afternoon of May 12, this cryptocurrency was traded at its highest level of 1.6 USD. The above price of Pi Network is nearly 3 times higher than the end of April.

However, the above price is still 2 times lower than the peak of 3 USD that this cryptocurrency reached on February 27. By the night of May 12, Pi Network dropped to 1.2 USD.

Pi Network price has increased sharply in recent days (Photo: The Anh).

According to many experts, Pi Network's growth can come from many different reasons. One of them is users' expectations of the ecosystem that the project is about to introduce in the next few days.

"Pi ecosystem announcement will be made on May 14. Stay tuned to find out what's coming next!", the PiCoreTeam announced on social media platform X on May 8.

In groups sharing about Pi Network on Facebook, many users also expressed optimism after the project made the above important announcement.

"With the ecosystem about to be announced, Pi Network will have higher applicability. From there, PI coins will also bring more practical use values ​​than before," Thanh Binh account shared.

"Changes in the Pi Network ecosystem will help the project attract more users than before. This will cause the value of PI to skyrocket," commented account Luu Thanh.

In addition, Pi Network price also benefits from the overall growth of the entire cryptocurrency market. Last week, Bitcoin surpassed the $100,000 mark for the third time, leading to the growth of the entire market.

After the initial listing phase at the end of February, the price of Pi Network has continuously decreased for a long time. This has made many people in the Pi Network community feel discouraged and lose faith in the project.

Despite the price increase, many people still express concerns about the Pi Network project (Photo: The Anh).

Currently, many opinions say that the recovery of Pi Network is simply following the general trend of the entire cryptocurrency market. Many people believe that PI coin does not have its own intrinsic value, so it is difficult to maintain its appeal in the long term.

Previously, Hanoi City Police issued a warning to people about investing in Pi Network cryptocurrency. Authorities said that according to Vietnamese law, virtual currencies in general and Pi coins in particular are not considered assets.

Therefore, incidents, problems, and disputes related to Pi coin transactions are very risky and difficult to be protected and handled by law. At the same time, according to the State Bank's regulations, virtual currency is not a means of payment.

Therefore, any individual or organization that uses virtual currency in general and Pi coin in particular for payment activities will be punished or may be prosecuted.

According to Hanoi City Police, Pi has no practical application. Its current value is self-determined and many people are confused about the true value of this virtual currency.

Source: https://dantri.com.vn/cong-nghe/gia-pi-network-tang-manh-truoc-ngay-quan-trong-20250512160720139.htm