Pi Network price surges ahead of key date.

On the afternoon of May 12th, this cryptocurrency traded at a high of $1.60 USD. This price for Pi Network is nearly three times higher than it was at the end of April.

However, the price was still less than half of the peak of $3 that the cryptocurrency reached on February 27th. By the night of May 12th, Pi Network had fallen to $1.20.

Pi Network price surges ahead of key event - 1

The price of Pi Network has surged in recent days (Photo: The Anh).

According to many experts, the growth of Pi Network could stem from several factors. One of them is user anticipation for the ecosystem that the project is preparing to introduce in the coming days.

"An announcement about the Pi ecosystem will be made on May 14th. Stay tuned to find out what's coming!", this was the announcement made by the PiCoreTeam on social media platform X on May 8th.

In online groups on Facebook dedicated to Pi Network, many users also expressed optimistic views after the project made this important announcement.

"With the ecosystem about to be launched, Pi Network will have higher applicability. As a result, the PI token will also bring more practical value than before," shared user Thanh Binh.

"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 user Luu Thanh.

In addition, the price of Pi Network has also benefited from the overall growth of the cryptocurrency market. Last week, Bitcoin surpassed the $100,000 mark for the third time, triggering growth in the entire market.

Following its initial listing at the end of February, the price of Pi Network has continuously declined for an extended period. This has caused many in the Pi Network community to feel discouraged and lose faith in the project.

Pi Network price surges ahead of key event - 2

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

Currently, many believe that the recovery of Pi Network is simply following the general trend of the entire cryptocurrency market. Many argue that PI lacks intrinsic value and therefore cannot maintain its appeal in the long term.

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

Therefore, incidents, issues, and disputes arising from Pi cryptocurrency transactions are very risky and difficult to protect or resolve under the law. Furthermore, according to the State Bank of Vietnam's regulations, virtual currency is not considered a means of payment.

Therefore, any individual or organization using virtual currency in general, and Pi in particular, for payment activities will be subject to penalties or may face criminal prosecution.

According to the Hanoi City Police, the Pi cryptocurrency has no practical applications. Its current value is self-determined and has led many people to misunderstand the true value of this virtual currency.

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