Pi Network Gains Momentum with European Regulatory Approval
The cryptocurrency market is buzzing as Pi Network (PI) has surged approximately 14% in the past 24 hours. This growth is attributed to gaining regulatory clarity under Europe’s Markets in Crypto-Assets (MiCA) framework. With a steady rise in price due to consistent ‘dip-buying’ activity around the $0.225 level, retail and mid-sized traders have shown significant interest in the token’s upward momentum.
What MiCA Approval Means for Pi Network
In a newly updated whitepaper, Pi Network announced its compliance with MiCA regulations and is in the process of seeking formal registration in Europe. This compliance positions the token for potential listing on regulated exchanges within the EU and EEA, giving it access to an expanded pool of investors. Unlike traditional cryptocurrencies, Pi tokens are designed solely for payments within its ecosystem and hold no governance or dividend rights, making it a utility-only token.
An Eco-Friendly Blockchain Redefining Energy Use
One of the standout features of Pi Network is its eco-friendly design. Its energy consumption is estimated at just 0.0024 TWh annually, compared to Bitcoin’s massive 185 TWh usage. Dr. Altcoin, a prominent industry analyst, highlighted how this positions Pi as one of the most sustainable blockchain networks, aligning closely with the United Nations’ decarbonization and net-zero goals. This energy efficiency marks a major leap forward in making cryptocurrency more environmentally responsible.
Collaborations and Partnerships Boosting Pi Network’s Growth
Pi Network’s regulatory compliance journey has been backed by collaborations with legal and privacy experts such as Austria’s Maetzler Rechtsanwalts and the UK’s Prighter Ltd, ensuring GDPR compliance for user data. Another milestone was the launch of the Valour Pi ETP in August on Sweden’s Spotlight Stock Market. The ETP offers European brokerage customers regulated exposure to Pi Token for the first time.
Recently, Pi Network also entered a strategic partnership with OpenMind, a decentralized robotics and AI company. This collaboration enables Pi’s 350,000 active nodes to support AI and robotics workloads, creating additional income streams for Node operators. By allowing node operators to earn PI tokens through computational tasks, Pi Network is evolving into a practical utility token.
Technical Outlook for Pi Token
In terms of market behavior, PI recently broke through its 7-day SMA of $0.225 and showed a robust 7-day RSI of 69.1, signaling bullish momentum. The MACD histogram also rose, suggesting increased buying pressure. The token is currently testing resistance at $0.268, with potential for further gains if it closes above this level. A failure to break through could lead prices retracing back to $0.235 support.
Why Pi Network is a Token to Watch
With its regulatory clarity, eco-friendly blockchain infrastructure, and ambitious partnerships, Pi Network is quickly transforming from ‘just another token’ into a utility-driven asset. Products like the Valour Pi ETP add real value, offering investors regulated pathways for exposure to Pi Token. If listings on major European exchanges materialize, the token’s upward momentum could solidify. However, investors are advised to monitor the market closely, as any setbacks could temper current optimism.
Recommended Product
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