Pi's Big Singapore Gamble: Can Dr. Fan Ignite a Bear Market Breakout?

Pi Network, a mobile-mined cryptocurrency with a strong community-driven ethos, has recently seen renewed attention following its confirmed participation in the Token2049 conference in Singapore on October 1–2. This event, one of the largest in the global blockchain and cryptocurrency space, features prominent industry figures, investors, and innovators. Pi Network’s founder, Dr. Chengdiao Fan, has been confirmed as a speaker, marking a significant step for the project in engaging with broader crypto and Web3 stakeholders. Alongside Dr. Fan's participation, Pi Network has also become a gold sponsor of the event, elevating its profile in the global blockchain arena.

The announcement has sparked optimism within the Pi community, which has been observing a challenging price trajectory. Over the past month, the price of Pi (PI) has fallen by approximately 19.2%, despite a recent minor 0.13% increase in the last 24 hours. Many community members have expressed hopes that Dr. Fan’s participation and the increased visibility at Token2049 could catalyze a short-term price recovery, particularly given the historical precedent set by Nicolas Kokkalis, Pi’s other co-founder, who saw a similar price bump during his appearance at Consensus 2025 in May.

However, the market remains cautious, with technical indicators suggesting continued bearish pressure. Pi’s price action has been contained within a descending channel, and while a 1% recovery has been noted, the bulls are still struggling to hold above the crucial $0.3220 support level. The 50-day Exponential Moving Average (EMA) is currently at $0.4021, near the overhead trendline formed by the May 21 and August 10 price peaks. A decisive push above this level could signal the start of a breakout rally toward the $0.5000 psychological level. Meanwhile, the Relative Strength Index (RSI) remains neutral at 43, and the Moving Average Convergence Divergence (MACD) is showing signs of bearish momentum, with potential red histogram bars approaching zero, indicating weakening bullish sentiment.

Looking beyond Pi, the broader altcoin market remains under scrutiny, with Cardano (ADA) also exhibiting mixed signals. ADA is currently trading near $0.85, having recently attempted a break above the $0.90 resistance level but failing to sustain gains. The token’s RSI is at 50.50, suggesting neither overbought nor oversold conditions, but the MACD is signaling bearish divergence, raising concerns about a potential pullback toward the $0.77 support level. Institutional interest appears to be active, with whale accumulation patterns observed, but the delay in the launch of a proposed spot ADA ETF has added uncertainty to the near-term outlook.

Amid this environment, Remittix (RTX), a pre-launch PayFi altcoin, has emerged as a notable contender for investors seeking high-growth opportunities. RTX is gaining traction as a secure and practical solution for cross-border crypto-to-fiat transactions. With a CertiK audit confirming the absence of critical vulnerabilities in its smart contracts, Remittix has demonstrated strong security and transparency, attracting both institutional and retail investors. The project is currently in its beta phase, offering a referral program that rewards participants with 15% USDT, while also testing its wallet platform with real-world users. As of now, the project has raised $25.9 million and sold over 664 million tokens, indicating strong market confidence in its utility and scalability.

Investors are particularly drawn to Remittix’s real-time payment capabilities, low fees, and deflationary tokenomics, which support long-term value growth. With upcoming plans for decentralized exchange listings and centralized exchange partnerships, the project is well-positioned for broader adoption in the PayFi sector. Its early-stage momentum, combined with its CertiK verification and active community engagement, makes it a compelling option for those looking to capitalize on the evolving payment technology landscape.