Pi Network implements BANXA KYB, as value hovers close to $0.58 support level

Pi Network implements BANXA KYB, as value hovers close to $0.58 support level

Pi Network has officially signed BANXA under its Know Your Business framework, a move that could significantly enhance the project's global scope.

Now, individuals residing in over 100 countries can purchase Pi Network's pi0.01% Pi Coin directly with cash using BANXA, eliminating the pesky hassle associated with cryptocurrency onramps. The initial announcement was shared by renowned crypto analyst Dr. Altcoin on May 2, labeling it a "game-changer" for Pi Network's quest for mass acceptance.

In addition, users engaging in peer-to-peer transactions must undergo know your customer checks and use non-custodial wallets. This multi-layer authentication system is designed to meet evolving regulatory requirements, bolster safety, and minimize fraud.

Furthermore, it’s anticipated that exchanges like BitMart and HTX will receive additional KYB approvals as the days pass, according to Dr. Altcoin. These developments are expected to generate considerable buzz at Consensus 2025, and Pi’s regulatory-oriented approach could help it stand out in a crowded market.

What's ahead for Pi Network in 2025? Pi's price action remains fairly steady despite the positive developments. The PI/USDT pair currently hovers above the $0.58 support level, even though momentum is visibly declining. The Pi price has dropped beneath essential moving averages, such as the 10, 20, and even 50-day averages, indicating that sellers maintain control.

The relative strength index, presently hovering around 40, shows that bulls lack sufficient force, but does not validate oversold conditions. The moving average convergence divergence lacks vigor and fails to exhibit any bullish crossovers, despite being faintly positive.

There exists insufficient volume, and the average directional index is below 10, suggesting a very weak trend at present. This uncertainty indicates that the market is waiting for a clear catalyst before making a decision. The downward bias will likely continue as long as Pi remains below its 20-day average.

Nevertheless, if the $0.58 support persists and the sentiment regarding Pi's regulatory push continues to thrive, a relieving bounceback could occur. However, for a genuine rebound to gain momentum, Pi would require reclaiming the $0.60-$0.62 region with noticeable volume. Until then, investors may remain wary.

As for Pi Network founders potentially becoming crypto billionaires, it's not a far-fetched possibility! 2025 could see significant developments for Pi Network, such as:

• Mainnet Transition: The network may transition to an Open Mainnet, fostering free market trading for Pi Coins and integration with prominent exchanges.
• Exchange Listings: Giants like Binance and Coinbase could list Pi, drastically increasing liquidity and utility.
• Real-World Use Cases: Pi aims to develop a multi-faceted ecosystem, including:
• PiApps Platform: A marketplace for decentralized apps (DApps)
• Pi Utilities: In-app token usage for products, services, and partners
• Niche Adoption: Pi for mobile payments and micro-transactions in emerging markets
• Regulatory Compliance and Transparency: Pi Network could become more transparent in its operations and governance, appeasing users and regulators alike.

The success of Pi in 2025 will hinge on adoption, exchange listings, and regulatory compliance. Based on these factors, price predictions can vary – some analysts estimate a range between $1 and $10 per Pi (though current secondary markets often display lower unofficial prices). More conservative estimates suggest values ranging from $0.10 to $1 per Pi, depending on real-world utility and adoption.

However, keep in mind that price predictions are speculative and should be approached with caution. Crucial milestones in 2025 will include the mainnet transition, exchange listings, expansion into new sectors, and community growth. Keep a close eye on official announcements from the Pi Network team and the progress of global exchange listings and adoption news throughout 2025! If you're already mining Pi, stay informed and be prepared for potential mainnet transitions and fresh opportunities in the ecosystem.

1. With BANXA's partnership, individuals can now directly purchase Pi Network's Pi Coin using cash, eliminating traditional cryptocurrency onramp hassles.
2. In addition to the BANXA partnership, Pi Network is anticipated to integrate with exchanges like BitMart and HTX, following their KYB approvals.
3. For Pi Network's future, the burgeoning technology could see significant developments, such as mainnet transition, exchange listings, and real-world use cases.
4. The success of Pi Network in 2025 will chiefly depend on its adoption, exchange listings, and regulatory compliance, with potential Pi prices estimated to range between $1 and $10 per token.
5. Alongside the Pi Network team's official announcements, the progress of global exchange listings and adoption news will be crucial to watch in 2025, as they could lead to fresh opportunities within the Pi Network ecosystem.

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