Pi Network’s Momentum Accelerates as MiCA Filing Gains Traction

Pi Network’s native token, PI, has surged over 12 % in the past 24 hours, a rally that has pushed the price above the $0.24 level for the first time since early December. The spike follows Pi Network’s formal filing under the European Union’s Markets in Crypto-Assets (MiCA) regulation, a move that grants the token full legal standing within the EU market and positions it for potential listing on major European exchanges.

Regulatory Milestone Fuels Market Sentiment

On November 20, Pi Network announced the release of a MiCA‑compliant whitepaper and the submission of its regulatory application. The announcement was accompanied by a 9.7 % price jump in the first 24 hours, underscoring the market’s immediate reaction to the regulatory endorsement. A week later, on November 21, the token’s price closed at $0.234271, reflecting a 14 % rise from the prior day and cementing the asset’s upward trajectory in a market that has otherwise been largely bearish.

The MiCA filing is widely regarded as a critical inflection point for Pi Network. By aligning with EU regulatory standards, Pi removes a key barrier to mainstream institutional adoption and enhances its credibility among European investors. Analysts predict that the filing will lead to a “regulatory‑confidence” effect, where the token’s perceived safety net attracts both retail and institutional capital.

Volume Surge and Investor Confidence

The rally has been accompanied by a 120 % increase in trading volume, as reported by dailycoin.com on November 21. The surge in liquidity is a clear indicator that Pi’s investor base is expanding, with many participants eager to capitalize on the token’s newfound regulatory legitimacy. In contrast, the broader crypto market has experienced significant declines—Bitcoin down 20 % and Ethereum down almost 27 % month‑on‑month—yet Pi has maintained a positive trajectory, underscoring its resilience.

Market Capitalization and Long‑Term Outlook

With a market capitalization of approximately $1.97 billion, Pi stands well above many of its contemporaries. Its 52‑week high of $2.98 (recorded on February 25, 2025) remains out of reach, yet the recent gains suggest that the token is moving decisively toward its upper range. The 52‑week low of $0.001069 (recorded on December 31, 2024) remains a distant memory, highlighting the sharp reversal that has occurred.

Given the MiCA approval and the current market dynamics, Pi’s price is likely to target the $0.30 ceiling forecast by AI models in early November. If regulatory approval proceeds without significant delays, the token could see an additional 15–20 % upside, driven by both increased demand and expanded listing opportunities.

Forward‑Looking Perspective

Pi Network’s MiCA filing marks a pivotal chapter in its growth narrative. The confluence of regulatory compliance, heightened volume, and a bullish price trend positions Pi to capture a sizeable share of the EU crypto market. While the broader environment remains volatile, Pi’s recent performance suggests a robust underlying demand that could sustain further upside. Investors who previously viewed Pi as a weaker project now face a compelling case for re‑evaluation, especially as the token moves toward its next regulatory and listing milestones.