Pi Network Price Prediction: $0.60 This November?

Pi Network (PI) is back in the crypto conversation this week. After a long bearish spell, the PI price is trading around $0.27 today. It’s up 36% in just the last week – making it one of the top-performing altcoins.

A string of recent positive news has put Pi Network back on traders’ radars amid the latest sudden rally – and this new momentum is a big shift for a project that so many have had mixed feelings about in the past.

Naturally, this renewed energy has led to some very optimistic forecasts. In fact, our Pi Network price prediction suggests the PI token could reach $0.60 this November.

That’s a bold target – but what needs to happen to get there? In this article, we’ll dive into the reasons behind our forecast and also discuss why the new Bitcoin Hyper (HYPER) presale project may offer better upside than PI.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.

What Is Pi Network and Why Is It in the News?

Pi Network was launched in 2019 by two Stanford PhDs, aiming to make crypto accessible to everyone. Instead of needing energy-hungry computers, you can just “mine” PI coins on your phone. It uses a system based on the Stellar Consensus Protocol.

The ultimate goal is to build a vast, decentralized community – now over 60 million users – and then build utility around it. That goal has been achieved, since Pi Network is in its “Open Mainnet” phase, so PI coins that users mine can be sold on the open market.

Recent weeks have been busy. The team just pushed a major KYC update that used AI to verify over 3.3 million users who were previously in “tentative” status. This update allowed 2.6 million of them to finally migrate their PI to the mainnet.

Plus, there’s buzz that Pi Network is reportedly working toward alignment with ISO 20022, a global payments standard used by banks. This news, which puts Pi in the same conversation as Ripple, has sent the PI token price soaring.

Pi Network Price Prediction – Is $0.60 Possible Next Month?

Could Pi hit $0.60 in November? It would require a 130% climb from PI’s current price – and while that’s still a long way from its February all-time high ($2.98), PI’s technicals are starting to look bullish.

For instance, the token recently broke out from a descending channel that had been pushing the price down since late September. Plus, the $0.60 level is a key resistance area where price briefly spiked back in June before retracing – suggesting a lot of supply is waiting there.

A few catalysts could provide fuel for a rally. First, any news of a major CEX listing – like Binance – would be massive. Second, the broader crypto market matters. If Bitcoin pushes to a new all-time high in November, a lot of liquidity could flow into altcoins. With Pi’s relatively low market cap, it wouldn’t take much to move the price.

Finally, keep an eye on utility. If the ongoing Pi Network hackathon produces a genuinely viral dApp or the team manages its upcoming PI token unlocks well, it could boost investor confidence, making a rally to $0.60 a real possibility.

Does Bitcoin Hyper Have Better Prospects Than PI? HYPER Token Presale Passes $25M

While Pi Network continues to build its ecosystem, other altcoin projects are focused on different areas of the crypto space. One that’s gaining massive traction right now is Bitcoin Hyper (HYPER), which is tackling a big issue: Bitcoin’s flexibility.

Bitcoin Hyper is a Layer-2 solution designed to give Bitcoin an upgrade. Everyone knows Bitcoin is secure, but it’s also slow and can’t handle smart contracts. Bitcoin Hyper bolts on a high-speed “engine,” using the Solana Virtual Machine (SVM) to process transactions in parallel.

This setup allows traders to lock their BTC and bridge it onto the Bitcoin Hyper Layer-2. In turn, that opens the door for real DeFi apps, yield farming, meme coin trading, and tokenized RWAs backed by the Bitcoin blockchain.

What makes this project so interesting is that HYPER is still in presale. The presale has raised $25.1 million so far, with tokens available at a fixed price of $0.013185 ahead of the first exchange listing.

For those unsure about Pi Network’s prospects, Bitcoin Hyper presents a different opportunity. And with a low entry price, a clear roadmap for the future, and presale staking APYs of up to 47%, many traders are watching HYPER for a potentially explosive breakout after it launches.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.