Price Prediction for Pi Network: Will PI be bullish as the founder takes the stage at Consensus?

Pi Network ($PI) may be cooling down after the recent bullish trend, but some important announcements could push the price of this coin up to $2.50 by summer. On Wednesday, the Pi community announced a major ecosystem update that could drive the next phase of the bullish trend. The Pi Network Ventures initiative has $100 million to spend on startups to help develop the Network.

Today, the founder of Pi Network Nicolas Kokkalis took the stage at the Consensus 2025 cryptocurrency conference to present his vision for the industry.

Launching in February 2025, Pi Network ($PI) is a new name entering the cryptocurrency market, and although it is still quite new, its recent growth momentum has attracted the attention of investors.

In the past two weeks, Pi has surged 40%, currently trading at $$0.84. Its Relative Strength Index (RSI) is 53 and is declining, after reaching above 80. This means that the token is undergoing a short-term correction. However, if the founder of Pi Network and many traders believe that Pi could soon surpass the $3 mark to reach a new all-time high. Built as a Layer 1 blockchain, Pi Network introduces a fun yet effective way to participate in cryptocurrency mining. Users can mine $PI tokens simply by tapping a button once a day in the app — no mining rigs, staking protocols, or energy-draining hardware required.