Pi Network Integrates with Chainlink to Power Real-World Data – Pi Coin to Reach $2.50 Soon?
In a significant development for the cryptocurrency landscape, Pi Network has integrated with Chainlink's decentralized oracle system. This strategic partnership aims to bridge Pi's blockchain with real-world data, enhancing its utility in decentralized finance (DeFi) applications and smart contracts.
Integration Details and Market Response
On April 12, 2025, Pi Network announced its integration with Chainlink, enabling access to 22 new data feeds. This move allows Pi's smart contracts and decentralized applications (dApps) to utilize real-time price data, a critical component for various blockchain functionalities. Following the announcement, Pi Coin experienced a substantial price increase, surging by approximately 35% within a week, reaching a trading value of around $0.743226 and a market capitalization of $5.09 billion.
Analyst Predictions and Future Outlook
Market analysts have responded positively to the integration, with CoinCodex projecting that Pi Coin could rise by more than 228%, potentially reaching $2.48 by mid-May 2025 . This optimistic forecast is attributed to the enhanced real-world applicability of Pi Coin through its newfound ability to interact with external data sources.
Technical Analysis
Short-term technical indicators have shown mixed signals. On April 14, the PI/USDT chart exhibited a bearish momentum, with a death cross on the MACD and oversold RSI conditions, suggesting weak buying pressure. However, by April 15, a golden cross on the MACD indicated a potential reversal, with the price aiming to break resistance at $0.7665. If successful, this could pave the way for a move toward $0.8000. Conversely, failure to maintain momentum might see the price fall below the $0.7133 support level, potentially heading toward $0.6500.
 |
| Source: TradingView |
Long-Term Vision and Ecosystem Growth
Beyond immediate price movements, the Chainlink integration signifies a broader ambition for Pi Network to establish itself within the DeFi ecosystem. By enabling secure and verifiable off-chain data feeds, Pi Network positions itself to support more sophisticated applications, including decentralized lending, staking, and yield farming. This development complements Pi Network's ongoing efforts to expand its ecosystem, which boasts over 100 million claimed users and more than 19 million who have completed Know Your Customer (KYC) verification.
The integration of Chainlink's oracle technology marks a pivotal moment for Pi Network, enhancing its functionality and appeal within the broader cryptocurrency market. As Pi Network continues to evolve from a mobile mining project to a comprehensive blockchain platform, its ability to interact with real-world data through Chainlink's infrastructure could play a crucial role in its adoption and success in the DeFi space.
Disclaimer
