Pi Network (PI) price at $0.73 takes a small breather with a 2% intraday drop after two days of a 30% bull run. Despite the pause, as PI coin price stands on the verge of a key pattern breakout. Favoring the upside chances, whale accumulation and adoption surge hint at a near 100% rally this week in Pi Network’s coin price.
3 Reasons Why Pi Coin Price Will Give a 2x Rally
The cryptocurrency market is rising again and tokens like PI are capitalizing on increased momentum. Between May 8 and 9, Pi Network’s token price formed two bullish engulfing candles, marking the 30% rally. At present, the Pi coin price aims to reclaim $1 as multiple factors support optimistic Pi Network forecasts. So, let’s a closer look at the three reasons why Pi’s token price could jump 100% this week.
Adam and Eve Pattern Breakout Targets $1.54
Pi Network’s coin price tumbled 86% from $2.99 to $0.40 between Feb 26 and April 5, marking a strong bottom. Signaling a stronger return, PI price action forms an Adam and Eve pattern in the 4-hour price chart. The V-shaped reversal in Pi’s coin price from $0.40 to $0.77 is known as Adam and follows the rounding reversal as Eve. The neckline remains constant at $0.77, acting as the key immediate hurdle.
Based on technical analysis, the breakout target is evaluated by adding the V-shaped reversal’s depth to the breakout level. Aligning with the broader market Pi Network price prediction, a near 100% price surge is possible to $1.54.
A positive crossover between 50 and 100 Exponential Moving Averages (EMA) triggers a bull signal. Further, the 4-hour Relative Strength Index (RSI) has crossed into the overbought territory, signaling solid underlying bullishness. Hence, the technical indicators bolster the breakout forecast.
Pi Network Coin Price Chart
Conversely, a bullish failure to surpass the overhead $0.70 zone might drop Pi’s coin price to the 200 EMA at $0.69. Additionally, a breakdown under $0.69 will nullify the bullish pattern and could retest the 50 EMA at $0.6414.
Is Binance Acquiring PI Coins Ahead of Pi Network Listing?
Amid the rising PI price trend, a single wallet holds 155 million PI coins, surpassing holdings of major CEXs such as Gate.io and OKX. A recent 70M Pi coin withdrawal from OKX in a single transaction reflects the whale’s strong confidence. With the high-value withdrawal, the community anticipates the wallet possibly belonging to Binance, ahead of the listing rumor. Until confirmation, it makes the whale wallet the largest non-listed CEX holder of Pi tokens. As of the last update, Binance might consider listing Pi Network under the new token listing criteria.
HTX Exchange Listing Rumors Resurface
HTX (formerly Huobi) has posted Pi Network’s logo on X three times, teasing PI investors with listing chances. HTX is one of the top-tier exchanges, and a listing of Pi coin will push it to the mainstream CEX ecosystems. As of now, the exchange has yet to confirm the listing, but multiple hints fuel optimism among investors.
Hence, with the rising rumors and large withdrawals, the factors support strong breakout chances reclaiming the $1 mark.
In many retail stores today, frustrated customers often ask, “Do you accept crypto?” only to hear, “Not yet.” This daily encounter reflects a growing demand among consumers eager to use digital assets in real-world purchases.
The gap between rising crypto adoption and traditional payment systems is evident. Yet, SpacePay, a fintech startup based in London, is stepping in with a practical solution. Backed by global investors, SpacePay is quietly changing how merchants and customers engage with payments.
The platform offers a fast, familiar way to accept crypto, making digital payments as effortless as card transactions. This integration is not theoretical, it’s available now, built for Android POS systems, and crafted to remove all the friction retailers fear.
Practical Payments Built for the Real World
SpacePay has built its payment infrastructure with compatibility and user experience at its core. Designed for all Android POS terminals, the system upgrades existing devices without requiring any new hardware.
Through a lightweight APK, SpacePay enables instant crypto payments while shielding merchants from price volatility. This ensures retailers receive funds in their local currency, even if customers pay in cryptocurrency.
The process is simple: a customer scans a QR code, pays with any of over 325 supported wallets, and the merchant receives an immediate settlement in fiat. With no learning curve and no disruption to the checkout process, SpacePay functions as a direct substitute for credit card networks.
Transaction efficiency also brings economic benefits. Merchants only pay a 0.5% fee per transaction, compared to traditional card fees. SpacePay’s approach supports faster payments, eliminates delays in fund access, and helps businesses manage crypto risk with automatic real-time conversions.
A Presale Surge and Plans for Sustainable Growth
SpacePay is in its presale phase, and the project has drawn great interest from the broader crypto community.
According to website data, the presale has already surpassed $1 million in raised capital. Tokens are currently offered at $0.003181, providing early supporters a chance to join the project before its broader public rollout.
Users can link wallets such as MetaMask to the platform’s web widget to purchase $SPY coins. Credit and debit card choices are offered, and supported currencies include ETH, BNB, MATIC, AVAX, USDC, USDT, and BASE. Once connected, users can swap their assets for $SPY directly on the site, with transaction authorization handled within their wallet.
The project has confirmed that the Token Generation Event (TGE), initially anticipated earlier, is now rescheduled to Q2 2025. In a detailed statement shared on X, SpacePay addressed the shift:
“After thoughtful discussions with our advisors, market makers, and industry leaders, we have made the important decision to reschedule our TGE to Q2 2025,” SpacePay stated. The team emphasized that the token launch is a one-time opportunity that must be perfectly executed.
Dear SpacePay Community,
First and foremost, we want to express our deepest gratitude for your unwavering support.
It’s because of you that we’re here today.
After thoughtful discussions with our advisors, market makers, and industry leaders, we have made the important…
SpacePay pointed to several reasons behind the decision. These include securing tier-1 launchpad listings and finalizing key partnerships. The team also cited market conditions, noting that poorly timed launches have underperformed, making timing and liquidity essential factors in achieving long-term adoption.
The announcement concluded with a message from founder Maxwell Bunting, who invited the community to an AMA session hosted in their official Telegram group. The team remains focused on preparing for a milestone debut while building infrastructure for scalable success.
Unlocking New Avenues for Merchants and Consumers
SpacePay’s value proposition extends beyond payments. The platform seeks to enhance customer experiences in-store while providing merchants access to a larger pool of digital asset holders.
With over 400 million crypto users worldwide, businesses can expand their reach by accepting digital currencies. What makes this model different is its focus on functionality and merchant protection.
SpacePay removes two of the biggest concerns retailers face by offering instant settlements and volatility shields. Besides, businesses gain the ability to accept crypto without exposing themselves to its price swings.
Additionally, SpacePay’s NFC-enabled system introduces secure, contactless transactions through Near Field Communication technology.
The system uses AES for data protection, ensuring user security during every transaction. SpacePay lowers the risk of fraud and counterfeiting with features like device verification and two-factor authentication.
Customers enjoy a flawless experience thanks to these security features, and shops feel more secure accepting digital payments. Digital assets can be spent in the same way as cash or credit cards because of the smooth process from QR scanning to final authorization.
A Token Built on Utility and Community Governance
Beyond payments, the $SPY token is designed to support the ecosystem’s utility and governance. Token holders can participate in governance decisions, such as voting on new features and strategic directions.
Those holding $SPY also gain early access to new features, services, and products.
SpacePay issues monthly loyalty airdrops to reward long-term supporters and drive continued engagement. Through a revenue-sharing model, token holders may benefit from the platform’s overall success, aligning financial incentives with adoption goals.
Importantly, SpacePay’s decentralized structure enables trust and transparency. Operating without a central authority, the platform empowers users and merchants while fostering open financial systems.
SpacePay organizes interactions with its audience through quarterly webinars in addition to its technical capabilities. During these friendly get-togethers, anyone who owns tokens can ask questions, hear the latest news about the project, and talk directly with the team members.
The team also matches charitable donations made in $SPY, adding a layer of social responsibility to the token utility. Visit the official presale page to get your SPY tokens today.
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In many retail stores today, frustrated customers often ask, “Do you accept crypto?” only to hear, “Not yet.” This daily encounter reflects a growing demand among consumers eager to use digital assets in real-world purchases. The gap between rising crypto adoption and traditional payment systems is evident. Yet, SpacePay, a fintech startup based in London, …
Arizona has moved closer to establishing the first Bitcoin reserve at the state level in the United States. Lawmakers passed two key bills allowing up to 10% of public funds to be invested in Bitcoin and other digital assets. The bills now await the signature of Governor Katie Hobbs to become law.
On April 28, the Arizona House of Representatives voted on Senate Bill 1025 (SB1025) and Senate Bill 1373 (SB1373). SB1025, which amends state statutes to permit a strategic Bitcoin reserve, passed with 31 votes in favor and 25 against. SB1373, which proposes a broader digital asset reserve, passed with 37 votes in favor and 19 opposed.
State Representative Jeff Weninger explained that the bill provides authority to invest up to 10% of public funds in Bitcoin and potentially other cryptocurrencies. “I think this probably would start as a ‘may’ for the foreseeable future,” Weninger said during discussions.
Arizona’s bills place it ahead of several other U.S. states considering similar legislation. If signed into law, Arizona could become the first state to formally hold Bitcoin as a strategic asset despite criticism from economists like Peter Schiff.
Governor’s Decision Will Determine Final Outcome
Democrat Governor Katie Hobbs has earlier on declared her position as being against any bill signing until a solution on disability funding was reached by the two chambers. Nevertheless, with the recent development on the funding legislation, she has been under pressure to pass the Bitcoin reserve bills.
According to Dennis Porter, the CEO of the Satoshi Action Fund, the American voters should convince their leaders to hold strategic Bitcoin reserves. Porter underlined the need to continue the process as the legislations have passed through different legislative processes.
ARIZONA JUST BECAME THE FIRST STATE IN THE NATION TO PASS STRATEGIC BITCOIN RESERVE LEGISLATION IN THE HOUSE AND SENATE.
A decision from Governor Hobbs will be necessary for the legalization of Bitcoin in managing and investing the state’s funds in Arizona. Some pundits explain that investing in Bitcoin offers protection from inflation and other macroeconomic factors.
Elsewhere, the Chairman of the Swiss National Bank, Martin Schlegel said that Switzerland will not invest in Bitcoin as a reserve currency. Schlegel provided a number of arguments against the use of Bitcoin for long-term reserves, including crisis-related liquidity issues and high volatility.
Global Trends on Government Bitcoin Holdings
Arizona’s legislative push comes at a time when global government Bitcoin holdings are declining. According to a CoinGecko report published in April 2025, governments’ collective Bitcoin reserves dropped from 529,591 BTC in July 2024 to 463,741 BTC.
The U.S. remains the largest government holder with 198,012 BTC, despite recent asset liquidations. China follows with 194,000 BTC, primarily from the 2019 PlusToken Ponzi scheme seizures. The United Kingdom holds around 61,000 BTC, mostly acquired through criminal seizures, while Bhutan has mined its way to 8,594 BTC.
El Salvador continues its Bitcoin accumulation policy under President Nayib Bukele. The country now holds 6,135 BTC, with Bukele announcing daily purchases of Bitcoin for the national reserve.
Meanwhile, at the corporate level, MicroStrategy announced a new acquisition of 15,355 BTC for $1.42 billion. The company’s total Bitcoin holdings now stand at 553,555 BTC, valued at approximately $52.76 billion.
New Hampshire has made history as the first State in America to adopt the Strategic Bitcoin Reserve Bill into law. Months after Rep. Keith Ammon introduced the bill, it has now become law. The New Hampshire plan to gain exposure to Bitcoin is based on the model created by the Satoshi Action Fund, a firm affiliated with BTC bull Dennis Porter.
New Hampshire Breaks the Bitcoin Reserve Myth
According to the Press Release shared on X by Porter, the HB 302 Bill is now law, the first of its kind in the country. Under the new law, the State treasurer can buy Bitcoin and another digital asset with a market capitalization of at least $500 billion. Notably, only BTC fits this requirement.
Image Source: Dennis Porter on X
The New Hampshire BTC Bill was introduced in January and moved closer to adoption as the House assented in March. With the proposed law, the state can hold up to 5% of its funds in digital currencies.
The law also mandated US-regulated custody. Notably, the Bitcoin in the reserve has to be kept in a state-controlled Multisig with a qualified custodian. The State can also gain exposure to BTC through exchange-traded funds (ETF).
Meanwhile, this Bitcoin reserve Bill will not take effect until 60 days after Governor Ayotte signs it into law. This move from New Hampshire complements the general trend in the United States, where different regions are contemplating whether to proceed with crypto reserves.
In a contrarian move, Florida and Arizona recently took a different approach to their respective Bitcoin Reserve Bills. As reported by CoinGape, Arizona Governor Katie Hobbs vetoed the Bitcoin Bill, a controversial move that the industry criticized.
Update on the Federal Bitcoin Reserve Push
Conversations around States’ crypto adoption gained traction when President Donald Trump signed an Executive Order to establish the national crypto reserve in March. The plan at the time was controversial, as the initial template involved Bitcoin and altcoins like XRP and Ethereum as part of the reserve.
Even with the clarity secured later on, there is hardly a major update regarding the BTC adoption at the Federal level. Unlike the New Hampshire Bitcoin reserve move, the Federal government has chosen not to commit taxpayers’ money into the coin.
The reintroduced Bitcoin Act Bill from Senator Cynthia Lummis contains the legislative framework upon which the entire crypto adoption will be based. However, this Bill has not made it into law yet, leaving a lot of new possibilities for the top coin.
