💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Pi Network's May 2025 Outlook: Between Innovation and Market Realities
As of May 1, 2025, Pi Network (PI) is trading at approximately $0.61, reflecting a 15% decline over the past month. Despite its innovative approach to mobile mining, the project faces significant challenges that have led to investor skepticism. Market Dynamics and Investor Sentiment Recent analyses indicate that while there has been an uptick in capital inflows, the Chaikin Money Flow (CMF) remains in negative territory. This suggests that outflows continue to outweigh inflows, maintaining downward pressure on PI's price. Additionally, PI exhibits a negative correlation of -0.11 with Bitcoin (BTC), implying that BTC's gains may coincide with PI's declines. Potential Price Trajectories Should the current trend persist, PI may breach its support level at $0.6077, potentially descending to $0.5192. In a more bearish scenario, the price could approach its all-time low near $0.40. Conversely, some analysts foresee a possible rally, with projections suggesting a rise to $1.70 by mid-May, contingent on market catalysts such as the upcoming Consensus Summit. Strategic Considerations for Investors Given the prevailing uncertainties, investors are advised to exercise caution. Monitoring key indicators, including PI's correlation with BTC and overall market sentiment, will be crucial in making informed decisions. While the project's foundational concept remains compelling, its short-term outlook is clouded by market volatility and investor apprehension. Conclusion Pi Network remains one of the most polarizing projects in crypto—admired for its ambitious vision, yet questioned for its prolonged mainnet rollout and lack of exchange listings. In May 2025, PI’s outlook is delicately balanced between speculative hope and market skepticism. Investors are watching closely for any fundamental updates or market signals that could shape its next move.
Disclaimer This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry high risk and volatility. Always do your own research (DYOR) and consult with a licensed financial advisor before making investment decisions.
#PiCoreTeam