Pi Coin Integrates with Zypto for Daily Expenses

Zypto, a decentralized payment app, has integrated Pi Coin (PI) into its mobile platform, allowing users to utilize their Pi assets for daily expenses through physical and virtual VISA cards. This integration supports more than 24,000 cryptocurrencies and is available in over 10 countries. Additionally, Zypto has launched an interoperable Pi-based decentralized application (dApps) enabling users to swap their Pi tokens for other assets. This move comes roughly a week after Pi Day, an event where the development team shared new features and updates with the community.

Pi Coin has faced criticism for its lack of ecosystem growth initiatives since the launch of its public mainnet in February. The collaboration with Zypto could help mitigate the recent decline in Pi Coin's value, which has been exacerbated by its rapidly expanding supply. The integration of Pi Coin into Zypto's platform introduces new use cases for the token, potentially driving a bullish price prediction for Pi Coin. The token has shown strong support at $0.4750, bouncing off this level twice in the past week. This support level is crucial as a drop below it could push the token to a new all-time low. The integration with Zypto could help Pi Coin bounce off this support level and retest the $0.57 target. However, a full recovery to $1 seems challenging, especially with the high daily token unlocks expected in the coming weeks. As the rate of supply expansion decreases, the market may start to assign more weight to such announcements, potentially influencing Pi Coin's price trajectory.