Global payments company BANXA has made a significant move in the crypto world by purchasing over 30.5 million Pi Coins, worth approximately $19 million. This purchase signals that major players are starting to take the Pi Network seriously as a future leader in digital payments. With this acquisition, BANXA now allows users to buy Pi directly through its platform and send it to their wallets, making it easier for the growing Pi community to access the coin.
The Pi Network already has more than 60 million users worldwide, and many believe that the true value of the Pi Coin is just beginning to emerge. Market observers suggest that if Pi introduces even a few real-world use cases, the coin’s value could skyrocket. Unlike traditional cryptocurrencies, Pi is mobile-first, community-powered, and focuses on real utility rather than hype.
However, one challenge that Pi still faces is its closed ecosystem. Developers, creators, and businesses are waiting for the Open Mainnet to launch, which is the stage where Pi becomes fully decentralized and available to outside developers. The BANXA acquisition has reignited calls from the community for the Core Team to accelerate progress towards openness.
BANXA’s investment in Pi goes beyond just buying the coin; it represents support for the entire Pi ecosystem. This move sends a strong signal to the rest of the crypto world that Pi is no longer just an experiment but is becoming a real digital economy. By enabling direct purchases and adding infrastructure, BANXA is helping transform Pi from a coin that can only be mined to one with real market value.
On the price front, Pi Coin (PI) is currently trading around $0.58 with weak momentum. It recently attempted to break above $0.60 but failed, and support at $0.55 is now being tested. Despite a few price spikes, there is a loss of bullish momentum, and technical indicators like RSI and MACD suggest indecision. Without strong volume or broader exchange access, Pi’s price may remain flat and miss out on the broader crypto rally.
Crypto analyst Moon Jeff believes that Pi Coin could reach $3 by June, even amidst the current struggles of the crypto market. He attributes the current market downturn to global trade tensions, including those affecting Pi. However, once these trade wars settle, he expects Pi to bounce back, break resistance levels, and aim for new all-time highs. According to him, Pi’s future is full of possibilities.
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