Pi Network is the latest winner of the renewed bullish momentum spreading through the crypto market. After a rough couple of months, $PI has surged 76% in the past day to reach a price of $1.6.
This puts it among the top crypto gainers right now, but can it continue this momentum and reach more milestones?
Pi Network Rallies as Whale Invests $14M
Pi Network is rallying on a backdrop of favorable crypto market conditions and increasing whale activity.
Bitcoin is showing strength above $104K, and the altcoin market is producing immense gains. This is fueled by easing macroeconomic concerns, with the US and China seemingly approaching a trade agreement, and geopolitical tensions easing in both Asia and Europe.
Yet, on-chain data shows that Pi Network is proving particularly interesting to sophisticated traders. One whale reportedly purchased $14 million worth of $PI this weekend and then moved it from the centralized exchange OKX to a non-custodial wallet, suggesting long-term holding.
$PI has rallied 76% today and 162% this week, showing that bulls are well in control. And prominent traders believe that this trend won’t stop anytime soon.
Analyst Tips $PI to $4 in 2025
Prominent crypto commentator Justin Wu recently told his 270K X followers that $PI is primed for an explosive breakout.
“They laughed… Now they watch in silence. Top 20 Again. Let that sink in. The haters? Still loading their ‘It’s a scam’ comments… This is not a drill. This is Pi season,” he wrote.
The analyst also displayed an accompanying price chart showing Pi coin breaking its downtrend, signifying a bullish reversal. It also showed Fibonacci price targets at $1.69 and $2, and the highest just above $4.
Meanwhile, P Dot wrote in early May that Pi Coin will one day reclaim its $2.98 all-time high (ATH). At the time, $PI traded at $0.59, less than 50% of its current price. As we can now see, his prediction is well on track to becoming a reality.
But considering Pi Network’s momentum and the broader market’s strength right now, we should not rule out $PI pressing beyond its ATH and hitting $4.
That said, some traders are rightly cautious about Pi Network due to its hefty $11 billion market cap. While there’s still room for significant growth, its upside is limited compared to smaller altcoins. One example of an altcoin with more potential is Solana layer 2 blockchain Solaxy, with one top expert tipping it for 100x gains this year.
Solaxy Backed to Outperform $PI as Presale Smashes $34M
Solaxy is taking Solana to new heights and has raised $34 million in its presale. This makes it the biggest Solana presale ever, but compared to the enormous market capitalizations of $SOL or $PI, Solaxy retains tons of room for growth.
At its core, Solaxy aims to solve Solana’s congestion issue, which causes it to slow down during periods of peak network activity. The project uses off-chain computation and transaction bundling technology to make Solana cheaper, faster, and more reliable.
Solana meme coins are on fire this week, with Moo Deng up by over 600%, Goatseus Maximus up by 209%, and many other projects also up significantly.
This is creating bullish media headlines, and that could attract millions of new users to the Solana ecosystem in the coming months. As this happens, Solaxy is well-positioned to accommodate them with seamless transactional capabilities.
As such, the project is tipped for serious gains, with Umar Khan from 99Bitcoin saying it could 100x.
However, the $SOLX price will increase throughout the ICO, with the next uptick in under two days.
As such, potential investors shouldn’t wait around to get involved.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
