💰 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
Short-Term Outlook (May 2025)
Analysts suggest that if PI maintains support above $0.61, it could target resistance levels at $0.66 and potentially reach $0.73–$0.76 by the end of May. However, failure to hold this support might lead to a retest of the $0.58–$0.60 range.
Mid-Term Projections (2025)
Price predictions for PI in 2025 vary:
CoinCodex: Forecasts a range between $0.595 and $2.80, with the higher end representing a significant upside.
CoinMarketCap: Estimates a maximum value of $2.10, with an average around $1.31.
Flitpay: Projects a maximum of $6.70, an average of $2.30, and a minimum of $0.57.
CoinGape: Offers a more conservative outlook, with a maximum of $0.596 and an average around $0.564.
These projections depend on factors like market sentiment, project developments, and broader crypto market trends.
Long-Term Outlook (2030 and Beyond)
Long-term forecasts for PI are speculative and vary widely:
CoinMarketCap: Predicts a potential high of $22.03 by 2030.
DigitalCoinPrice: Estimates PI could reach $200 by 2030.
CoinCodex: Suggests PI might hit $10 by May 2041, but not $100 or higher.
These long-term predictions are highly speculative and should be approached with caution.
Key Considerations
Market Sentiment: Currently, technical indicators show a bearish sentiment for PI.
Project Developments: Upcoming events, such as the Consensus 2025 conference, where Pi’s founder is expected to speak, could influence PI's price.
Exchange Listings: Broader exchange listings and increased adoption could positively impact PI's value.