Will a Pi ETF Make the SEC Laugh or Cry? 🤣💰

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Oh, dear readers, gather ’round and let me regale you with the tale of Pi Network, a cryptocurrency that has been as unpredictable as a clown at a funeral. This week, Pi Network’s price has taken a nosedive, plummeting to its lowest level since February 2022, and costing investors more than a few sleepless nights. But fear not, for this is merely the price discovery phase after its mainnet launch, a period as exciting as waiting for a snail to cross the Sahara.

Pi Network Price Would Benefit From an ETF Approval

The Pi Network price has a plethora of potential catalysts that could send it soaring to the heavens. One such catalyst is a Pi coin burn, which would alleviate the fears of dilution as billions of tokens are set to be unlocked in the coming years. Imagine burning tokens like a medieval king burning heretics—necessary for the greater good, but a bit dramatic.

Another potential boost for Pi coin’s price would be listings on major exchanges like Binance, Kraken, Upbit, and Coinbase. These listings would make Pi more accessible to millions of potential buyers, much like a grocery store putting the most popular snacks at eye level.

But the pièce de résistance, the grand finale, the cherry on top of this speculative sundae, would be a spot Pi Network ETF approval in the United States. This is a far-fetched idea, akin to a unicorn riding a rainbow, as no company has even applied for a spot Pi ETF with the Securities and Exchange Commission (SEC). But let’s dream, shall we?

A Pi ETF makes sense for three main reasons:

  1. First, Pi is one of the biggest cryptocurrencies in the industry. CoinMarketCap data shows that Pi has a market cap of over $7.9 billion and a fully diluted valuation of $117 billion. This makes it bigger and more liquid than other coins that have received ETF applications, like Litecoin and Polkadot. It’s like comparing a blue whale to a goldfish.
  2. The other reason the SEC might approve a PI ETF is that it is a Made in USA coin, a point of pride during the Trump administration. It’s as American as apple pie, or perhaps more fittingly, as American as a cryptocurrency named Pi.
  3. Finally, unlike coins like Polkadot and Sui, Pi Network is a proof of work coin, meaning the SEC does not view it as a security. It’s like being the only kid at the party who isn’t grounded.

Pi Coin Price Technical Analysis

A combination of a Pi coin ETF approval, ecosystem growth, exchange listings, and token burn would be highly bullish. Some analysts predict a Pi coin surge to $100 in the long term. Such a move would push its market cap to over $680 billion and the fully diluted valuation to $10 trillion. Imagine that—Pi Network could become the new Bitcoin, or at least the new Bitcoin with a better name.

The four-hour chart shows that the Pi Network price has dropped to $1.1600, down sharply from the all-time high of $3. On the positive side, it has formed a falling wedge pattern whose two trendlines are about to converge. A bullish breakout typically happens when the two lines near their crossover. It’s like a spring coiled and ready to launch.

Therefore, the short-term Pi coin price forecast is bullish, which is a contrarian view. Such a move would see it jump to $3, up by 155% from the current level. A break above that level would see it jump to the value of Pi at $3.14, followed by $5. A drop below $0.80 will invalidate the bullish view. So, dear readers, strap in and enjoy the ride. 🚀💰

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2025-03-21 03:32