Early April 2025, Pi Network (abbreviated as PI) showed astonishing price movements. Around the 5th of the same month, it recorded a temporary surge of as much as 100% from its lowest price of $0.40 to a relative high of $0.80, after which it hovered around $0.65. What was behind this dramatic price fluctuation? Was it merely a temporary rise due to market liquidity absorption, or was there some significant underlying factor? This article delves into the truth behind the Pi Network price surge (at that time) and what it signifies.

Direct Trigger for the Price Surge: Banxa Starts Supporting PI Purchases

The main factor behind the price increase at that time was that “Banxa,” a provider offering fiat currency and cryptocurrency payment solutions, began supporting the purchase of Pi Network through its platform.

This support made it easier than ever for users to purchase Pi Network tokens (PI). Specifically, it became possible to directly purchase PI using common payment methods such as:

• Apple Pay
• Google Pay
• Mastercard
• Visa

This represents a significant change from the traditional purchase process. Previously, to purchase PI, users had to use specific cryptocurrency exchanges and, in many cases, first exchange fiat currency like USD for stablecoins like USDT (Tether). However, with Banxa’s support, it became possible to skip this intermediary process and purchase PI directly using credit cards or mobile payment services. This made access to Pi Network significantly easier, even for users unfamiliar with cryptocurrency trading.

More Than Just Convenience: The Significance of Banxa Support

However, the significance of Banxa’s listing is not just that purchasing became easier. Experts regarded this as a very important milestone for Pi Network.

This is because the fact that a payment solution provider like Banxa started supporting the purchase of Pi Network means that Pi Network is gaining attention in the cryptocurrency industry and has the potential to influence discussions about its legitimacy.

At the time, many investors were skeptical about Pi Network, viewing it as a “scam” or a “disappointment.” However, the announcement of Banxa’s purchase support was seen as having the potential to overturn such negative perceptions and fundamentally change the view of Pi Network.

In other words, the price surge seen during this period might have indicated not just a technical analysis trend reversal, but also a significant turning point in terms of investor sentiment (fundamentals) regarding the project’s legitimacy and future prospects.

Overall Market Trends and Future Outlook

Although there was groundbreaking news about Banxa’s listing, it is premature to assume that the price of Pi Network will continue to rise in a straight line. It is important to remember that Pi Network is also one of the altcoins significantly influenced by the overall cryptocurrency market, especially the price movements of Bitcoin (BTC).

The cryptocurrency market has an unstable side, influenced by macroeconomic factors such as US monetary policy and global trade friction. These external factors affect the prices of altcoins, including Pi Network, through Bitcoin.

Therefore, even with positive news at the time, a sudden explosive price increase (“To the Moon”) was not guaranteed unless the overall market sentiment improved.

However, from a long-term perspective, this Banxa support was considered positive news for Pi Network. The accumulation of such positive news during a relatively sluggish market period is believed to hold the potential for accumulated energy to be released all at once when market sentiment improves and a bull market arrives in the future, leading to a significant price increase.

In fact, the very fact that Pi Network recovered its main price range of $0.60 and saw a 100% increase in a short period following the events at that time indicated its high potential. This is a phenomenon not often seen in many other cryptocurrencies.

Investment Precautions

While positive news about Pi Network is increasing, calm judgment is always required when investing. The content stated in this article does not recommend specific investment actions.

Investing in cryptocurrency involves price fluctuation risks. Any investment decision should be made at your own risk, after sufficient information gathering and research (DYOR – Do Your Own Research).

[Supplement] Currently, “PI” being traded on some exchanges and platforms may be an IOU (I Owe You) or something similar issued before the official launch of the Pi Network mainnet. This promises to be exchanged for actual Pi tokens when the mainnet is launched in the future, but its value or exchange is not guaranteed. It is important to fully understand this point when considering investment.

Summary: The Beginning of a New Chapter for Pi Network?

Banxa’s support for purchasing Pi Network was not just a technical update or convenience improvement, but a significant event with the potential to increase the project’s attention and change investor perception.

This made Pi Network more accessible to more people, while also raising expectations for improved project credibility. Although short-term movements are influenced by the overall market, from a long-term perspective, this news was seen as a bright sign for the future of Pi Network.

Moving forward, it will be necessary to continue watching how Pi Network launches its mainnet and what role it will play in the decentralized world.