Pi Network News: Banxa’s $19M Liquidity Boost Fails to Lift Price, What’s Next?
The post Pi Network News: Banxa’s $19M Liquidity Boost Fails to Lift Price, What’s Next? appeared first on Coinpedia Fintech News
The Pi Network has been making headlines lately, but its price action isn’t living up to the hype. After briefly surging from $0.49 on June 22 to $0.64 on June 26, Pi Coin has slipped over 2% and is currently trading around $0.53.
This jump came after the platform’s Pi2Day announcement and a new Generative AI feature integration. While many expected this news to fuel a stronger rally, the excitement quickly faded.
So Why Isn’t Pi Coin’s Price Rising?
Firstly, the broader crypto market remains volatile, with traders hesitant to dive into altcoins unless there’s clear momentum. Secondly, while AI partnerships sound futuristic, investors want to see how these technologies will offer real, day-to-day benefits for Pi users, and so far, those details remain unclear.
The Pi community is large and passionate, but mixed opinions about the AI announcement’s actual value are creating uncertainty.
New Partnerships Could Trigger Price Rally
On the brighter side, Pi Network recently partnered with Banxa and Onramper, two global fiat-to-crypto platforms. Banxa now allows users in over 100 countries to buy Pi directly using traditional payment methods like credit cards, bank transfers, and Apple Pay. It also lets users sell Pi for fiat, making it easier to convert digital coins into real-world money. Banxa bought over 30.5 million Pi Coins (worth around $19 million) to boost liquidity for the network.
Onramper, meanwhile, acts as an aggregator, giving users multiple on-ramp options to buy Pi through various providers, including Banxa itself.
Conclusion
The market might see a small bounce upwards, followed by another dip before making a bigger move to the upside. The overall trend hints that Pi Coin could soon enter a key price area that might trigger its next rally.
