Pi Network Integrates with Ethereum for On-Chain Payments and Data Feeds
Pi Network is integrating with the Ethereum blockchain, enhancing how decentralized applications in its ecosystem manage on-chain payments. Developers will be able to link ERC-20 wallets for fast and secure USDT and USDC payments.
- Chainlink added Pi Network to its suite of 22 new decentralized data feeds, providing real-time price data for the token.
- Pi's native token, PI, has increased by 36% in value recently.
- Speculation exists around a potential PI token burn event to counter inflation from mining rewards.
- Currently, PI trades near $0.75, facing key resistance, with bullish momentum indicated by an RSI of 66.
- A breakout past $0.80 could lead to a rally towards $1; immediate support is at $0.62.
- 2.3 million new tokens will enter circulation today, likely increasing short-term price volatility.
PI 4-hour chart | Source: Trading View
PI 4-hour chart | Source: Trading View