Pi Coin Adoption Surges 35% as 580 Businesses Accept Payments

Pi Network, a cryptocurrency project, has witnessed a notable surge in adoption, with over 580 businesses in South Korea and Florida, U.S., now accepting Pi Coin as a form of payment. This trend marks a shift in the perception of Pi from a purely speculative asset to a utility-based cryptocurrency, as more businesses integrate it into their systems. The Pi network mainnet launched in February and has since seen a significant increase in its adoption rate, particularly in the U.S. and South Korea.

In the U.S., large businesses, including those outside the e-commerce sector, have begun accepting Pi payments. For instance, Cube Motors, a vehicle dealership, has started accepting full payments in Pi, demonstrating confidence in the token's future. Additionally, Zito Realty, a real estate company in Florida, has begun accepting Pi coin as payment, marking a significant step for Pi adoption in a traditionally conservative sector. This move signals immense potential for Pi's integration into various industries.

In South Korea, the adoption rate of the Pi Network is particularly high, with over 580 businesses now using Pi. These businesses span various sectors, including cafes, a surgery clinic, and skincare shops, indicating that Pi provides substantial purchasing power to South Korean users across different industries. This widespread adoption is notable given that Pi is not yet listed on major exchanges like Binance, highlighting the growing confidence in the cryptocurrency.

The Pi token is currently the 24th biggest crypto based on its $5.17B market capitalization and is trading at $0.7550, reflecting an almost 35% weekly surge. This price increase comes after a market-wide crypto crash in April 2025, which was caused by trade tariffs implemented by Donald Trump. The current growth in Pi's price is partly attributed to Trump pausing these tariffs for 90 days, which has positively impacted the cryptocurrency market.

The current price action of Pi shows a bullish setup for an incoming rally. The Relative Strength Index (RSI) is at 57, indicating that bulls are gaining dominance over the market. However, the low Average Directional Index (ADX) of 21 suggests that the bullish trend is losing momentum. The price action started with an upward rally and is now experiencing consolidation, which could be the setup for the next sharp price jump.

For Pi to reach a bullish move towards $2, the RSI and ADX need to show more bullish indicators. The RSI should ideally be between 60 and 70, indicating maximum buyer dominance before entering the overbought zone. The ADX needs to climb above 50, showing strong investor confidence and a robust upward trend. Additionally, positive news about Pi could act as a catalyst for a surge to $2. However, it is important to note that these predictions are speculative and not guaranteed.