Could PI Coin Reach $2 Again? Analysis by the Bitrue Research Institute

Could PI coin reach $2 again, or has the market already moved on?

According to Bitrue Research Institute, a return to $2 is possible in theory but highly unlikely in the near term, because PI would need to rise more than 26 times from its current price of about $0.076.

PI peaked at $2.98 on February 26, 2025, and its next move now rests more on community belief and partnerships than on technical upgrades.

Key Takeaways

• PI trades near $0.076, about 97% below its $2.98 all time high, and reaching $2 would require a gain of more than 2,500%.
• Perpetual open interest of about $16.3 million is more than five times PI's daily spot volume.
• According to Bitrue Research Institute, development news has failed to lift price, while a major partnership remains the most likely upside catalyst.

PI Coin Price Analysis Today

PI trades at about $0.07616 on October 27, 2026, up 1.2% over 24 hours within a narrow range of $0.07526 to $0.07688.

The wider trend tells a weaker story, with PI down 1.3% over seven days, 17.2% over 30 days and 68.6% over the past year.

Its market capitalisation stands near $860 million, based on a circulating supply of about 11.29 billion PI out of a 100 billion maximum.

Daily spot volume of roughly $2.9 million equals just 0.34% of market cap, a very low turnover rate for a top 100 asset.

PI set an all time low of about $0.0707 on July 14, 2026, leaving price only around 8% above that floor.

According to Bitrue Research Institute, the $0.0707 low is the key support, while $0.08 is the first level PI must reclaim to signal recovery.

PI Coin Derivatives and Spot Market Data

Here's what the latest derivatives data shows:

• Perpetual open interest stands at about $16.3 million, more than five times PI's daily spot volume.
• Across the wider crypto market, CoinGlass data shows total open interest of about $140.5 billion, up 0.97% in 24 hours.
• Market wide 24 hour liquidations reached about $141.7 million, with longs and shorts almost level at 50.47% to 49.53%.

According to Bitrue Research Institute, open interest this large relative to spot volume means PI's price is increasingly driven by leveraged positioning rather than real buying.

That creates sharp moves in both directions, since crowded trades can unwind quickly once liquidations begin.

Sign up on Bitrue to track market trends and explore assets with deeper liquidity than PI.

Why Development News Has Not Lifted PI

The network set October 16 as the activation date for Protocol 28, an upgrade focused on smoother smart contract handling and delayed transaction data.

Pi confirmed on October 22 that the upgrade had been completed, but PI still slipped below $0.08 during the same period.

According to Bitrue Research Institute, this pattern shows that PI's market reacts to community sentiment and new demand, not to technical milestones that most holders cannot see in daily use.

Even more than 300 Mainnet apps and 18.1 million KYC verified users have not translated into steady trading demand.

Could a Partnership Push PI Higher?

Partnerships are different, because they can bring new users and real payment flows.

On September 30, the Pi Core Team announced it is partnering with Open Standard, the company behind Open USD (OUSD), to explore rewards for Pioneers and wider ecosystem uses.

The plan remains exploratory, with no launch date confirmed.

According to Bitrue Research Institute, a confirmed integration or a major payment partner revealed at Pi's online ecosystem summit on November 17 to 19 could push PI back towards $0.10.

Reaching $2 is another matter, since it would require a market capitalisation of about $22.6 billion on today's circulating supply.

According to Bitrue Research Institute, that target is out of reach without several large partnerships and far stronger spot volume.

How Bitrue AI Helps You Find Opportunities Beyond PI

With PI's outlook this uncertain, it makes sense to watch other markets while waiting for clearer catalysts.

Bitrue AI builds AI generated grid strategies that show the pair, leverage, price range, backtested return and drawdown, plus the reasoning behind each setup.

Check Bitrue AI for currently supported markets and available AI generated strategies.

Backtested figures are not guaranteed returns, so set a clear take profit and keep leverage modest.

Conclusion

PI coin could rise from here, but reaching $2 again would require a 26 times gain and a market cap above $22 billion.

According to Bitrue Research Institute, upgrades such as Protocol 28 have not moved price, while a major partnership remains the strongest catalyst, though the outcome stays uncertain because PI depends so heavily on community sentiment.

Traders can keep watching PI while exploring other opportunities on Bitrue.

For more background, read our Pi Network tokenomics and price forecast guide.

FAQ

Could PI Coin Reach $2 Again?

According to Bitrue Research Institute, it is possible but unlikely soon, since PI would need to rise more than 26 times.

What is the PI Coin Price Today?

PI trades at about $0.07616 on October 27, 2026, with a market capitalisation near $860 million.

What is the PI Coin All Time High?

PI reached its all time high of $2.98 on February 26, 2025.

What Could Push PI Coin Price Higher?

According to Bitrue Research Institute, a confirmed major partnership or payment integration is the strongest catalyst.

Is PI Coin a Good Investment Right Now?

PI remains highly speculative because of low spot volume, heavy derivatives activity and reliance on community sentiment.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.