Pi Coin has recently dropped to $1.45 under strong selling pressure. However, the highly anticipated .pi domain auction within the Pi Network ecosystem could reignite investor interest. Experts believe that Pi Coin could retest the $2 level.
Pi Network Users Compete for .pi Domains
On Pi Day, Pi Network launched a .pi domain auction, where users can bid exclusively using Pi Network. This event aims to expand the Pi ecosystem’s utility, potentially boosting the cryptocurrency’s value.
Pi Coin-Only Auction to Fund Ecosystem Growth
The auction accepts only Pi Coin, and all proceeds will be used for projects aimed at expanding the Pi ecosystem. The event will run until June 28, 2025, with each new bid extending the deadline by 24 hours.
Fierce Competition for Tesla and Amazon Domains
The auction has drawn massive interest from the Pi Network community, with 60,000 Pi Coins already spent on .pi domains linked to major brands like Tesla, Amazon, and Samsung. Investors see these domains as potential high-value assets for the future.
Growing Confidence in Pi Ecosystem
This trend highlights the expansion of the Pi ecosystem and the increasing trust in Pi Coin. The high bids for major brand domains demonstrate that the platform can foster a competitive marketplace.
Can Pi Coin Reach $2 Again?
Pi Network has lost nearly $1 billion in market value in recent weeks. However, analysts believe that $1.45 could serve as a strong support level. In the short term, Pi Coin is expected to break above $1.56 before making a move toward $2.
Can Pi Coin Reach $10?
Some experts predict that Pi Coin could surge to $10, driven by increasing investor interest and continued ecosystem growth. If these trends persist, Pi Coin could reach new all-time highs in the future.
Long-Term Outlook for Pi Coin
The expansion of the Pi Network ecosystem is crucial for Pi Coin’s long-term price movements. The .pi domain auctions introduce a new use case, boosting demand. If the ecosystem continues to develop, growing investor confidence could push Pi Coin to higher levels over time.
Source: kriptokoin.com
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