Price Prediction for Pi Network: Could the Partnership with BNP Paribas Trigger a $10 Rise?

Pi Network has remained stable over the past 24 hours, holding at $0.5917 as the crypto market fell by 2.5% today. PI has decreased by 4% over the week and 8% over the month, while this altcoin has also fallen by 80% since reaching its all-time high of $2.99 on February 26. Although this token has had disappointing performance since its peak, recent news seems more positive for Pi Network as its community celebrates the "collaboration" between this platform and the French multinational bank BNP Paribas. However, upon closer examination, we see that BNP Paribas has confirmed that there is no such collaboration and this partnership is actually just an API of Pi Network that could be used in the hypothetical case of an agreement between the two parties. Therefore, it is unlikely that this will have a significant impact on the long-term price prediction of PI, which remains uncertain due to the lack of support from widespread exchanges. Pi Network price prediction: Could the partnership with BNP Paribas trigger a $10 price increase? 'This' news comes from a post on X by Pi Coin Magazine, which has a total of 282 followers. This article describes two distinct things but presents them in such a vague and misleading way that it suggests they are related to each other. First, the article discusses the digital payment systems that BNP Paribas has developed and deployed in recent months, while BNP Paribas's page on these products does not actually mention Pi Network at all.

Secondly, the post talks about the Pi Nexus Banking System, a set of APIs designed to enable integration between the Pi Network and various banks and fintech companies. However, the issue is that, although the Pi Network developers have prepared an API to integrate with BNP Paribas, BNP Paribas has not yet given any signals indicating that they will cooperate with the Pi Network. In fact, the GitHub repository shows that developers have prepared similar APIs for various financial service companies, including Barclays, Apple Pay, PayPal, Adyen, and many others. Of course, such APIs do not mean that Pi Network has partnered with Apple or PayPal, and neither has BNP Paribas. This reality may help explain why the price of Pi Network has been stagnant today, as the upward momentum is slowing down after brief signs of recovery earlier this week.

The RSI index has fallen slightly below the 50 level once again, indicating a neutral sentiment, while the 30-period moving average continues to drop below the 200-period level - a typical structure of consolidation before a potential move. Despite the discussions surrounding Pi's banking ambitions, the lack of confirmation from key organizations has kept the price of this coin at a modest level until now. However, if there are new developments or it gains real traction, PI could break out of the current range and move towards the $1 level by the end of this summer. And if the upward momentum is driven by real-world adoption, the $10 target could quickly get back on track.