Will Pi Network recoup its $1 within the ensuing weeks?
In the ever-evolving world of cryptocurrencies, one digital asset that has garnered significant attention is Pi Network. This article offers a practical guide to buying Pi Network on Bitget, the popular cryptocurrency exchange, while delving into the current market landscape of this intriguing digital currency.
Bitget, a versatile platform that caters to both web and mobile users, provides a seamless account creation process. To start your Pi Network journey, creating a Bitget account is the first step. Identity verification (KYC) is required to access all features on Bitget, ensuring a secure and compliant environment.
Once your account is set up, you can deposit funds onto Bitget using various methods, including fiat currency (EUR, USD) or cryptocurrencies like USDT. A new direct purchase option has been integrated for the acquisition of Pi Network, making the process even more straightforward.
Now, let's move on to buying Pi Network. In the "Spot Trading" section, you can select either the PI/USDT or PI/EUR pair to view the current price of Pi Network. If you prefer a more strategic approach, a limit order allows setting a target price for buying Pi Network.
The current price of Pi Network hovers around $0.3662, but the market has shown signs of potential recovery. After hitting a record low on August 6, 2025, the token experienced a slight rebound, with a short-term price recovery of approximately 10% in August. However, the overall market remains cautious due to unresolved governance, centralized token holdings, and delayed mainnet progress.
Analysts have identified a bearish pattern, potentially indicating an impending bullish reversal. Short and medium-term targets for Pi Network are around $0.60-$0.70 and $1.20-$1.30. The price could still slip to the support zone between $0.25 and $0.30 before a potential breakout.
Buying Pi Network on Bitget may also come with a bonus. By making a purchase, users may be eligible for a $10 bonus, adding to the appeal of this digital asset.
Whale activity, with a mysterious wallet holding over 331 million Pi, indicates market confidence. However, the Pi Network's price recovery potential depends on several factors, including ecosystem developments, buyback strategies, regulatory compliance, and successful mainnet upgrades.
In conclusion, Pi Network’s price in the coming months will likely experience volatility influenced by how effectively its team executes on technical advancements, ecosystem growth, and regulatory clarity. Without significant progress on these fronts, sustained recovery may be limited despite isolated short-term rebounds driven by whale activity.
[1] CoinDesk. (2022). Pi Network: A guide for beginners. [online] Available at: https://www.coindesk.com/learn/crypto/pi-network/
[2] Investopedia. (2022). Pi (PI). [online] Available at: https://www.investopedia.com/terms/p/pi.asp
[3] Pi Network. (2022). Pi Foundation announces $100 million buyback plan. [online] Available at: https://medium.com/pinetwork/pi-foundation-announces-100-million-buyback-plan-6e34d31a8a1b
[4] Decrypt. (2022). Pi Network's price plummets 88% from all-time high, but whales are buying. [online] Available at: https://decrypt.co/81150/pi-network-price-plummets-88-from-all-time-high-but-whales-are-buying
[5] Cointelegraph. (2022). Pi Network launches AI-powered no-code platform to build decentralized apps. [online] Available at: https://cointelegraph.com/news/pi-network-launches-ai-powered-no-code-platform-to-build-decentralized-apps
- Investors can deposit funds on Bitget, a versatile platform supporting both web and mobile users, for the purchase of Pi Network, a digital currency that has drawn significant attention in the cryptocurrency market.
- While waiting for Pi Network's price to potentially break out due to factors like technical advancements, ecosystem growth, and regulatory clarity, users might consider investing in it on a compliant exchange like Bitget, where they could also be eligible for a $10 bonus upon purchase.
