The Pi Network token price has increased by more than 14% over the past week.

As of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi

The price of Pi Network (PI) token has increased by more than 14% over the past week. At press time, PI is trading at $0.6711.

The integration of Pi Network with Chainlink’s Data Streams has been a hot topic of discussion. The integration took place on April 12th. The announcement caused a surge in the price of Pi, rising from $0.63 to $0.78 in a matter of hours.

Chainlink Integration Benefits

The integration with Chainlink brings several advantages to the Pi Network. One of the key benefits is access to secure, verified, real-time data, which marks a significant innovation. Due to their decentralized structure, blockchains cannot natively access external data. Chainlink resolves this issue, allowing Pi Network to integrate with lending, borrowing, staking, and gaming applications. These developments are expected to significantly enhance Pi Network’s utility and adoption.

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After launching its Mainnet on February 20, Pi Network has gradually developed. The migration process to Mainnet took place, and more than 10,114,810 users embraced it. However, this is still a rather small part of the total number of users it has claimed to have on its network, which is roughly 100 million. The issue that has persisted is the KYC verification, and to date, only 19 million users have managed to complete the process.

A key milestone is the completion of the pilot phase in the development of the Pi Ad Network. This system enables developers to generate revenue via advertisements paid in Pi Coin, adding real-world use cases for the token. This increase in utility could drive greater demand, potentially contributing to price appreciation.

Market Predictions for Pi Network

Based on the market prediction, Pi Network has a bright future ahead. After this integration, analysts have been more positive about Chainlink’s integration. According to Coincodex, the Pi Token might experience a 228% growth in its value and could rise to $2.48 by mid-2025. The current data also backs up this optimism, with the daily moving average showing a buy signal to investors.

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Pi Network has gained significant advantages from its partnership with Chainlink. It has created new opportunities for its ecosystem and is boosting the value of Pi. Despite the challenges, including those concerning KYC verification, the future of the Pi Network is rather promising.

Pi Network’s partnership with Chainlink has given the project a significant boost. It has opened up new possibilities for its ecosystem and increased Pi’s potential. While challenges remain, particularly with KYC verification, the future of the Pi Network looks bright. Analysts remain optimistic, with many predicting significant price growth in the near future.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

News data source: kdj.com

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