Telegram Wallet Integration Opens PI Network to 1 Billion Users
29.03.2025 02:53
2 sources
positive
Pi Network is now integrated with Telegram’s crypto wallet, allowing access to a base of over 1 billion monthly active users. Telegram CEO Pavel Durov highlighted the platform’s rapid growth and rising user engagement, noting that the integration can considerably broaden PI's exposure. However, despite an explosive market debut and an initial surge of nearly 100% that pushed the token price to $2.92 in late February, PI has experienced continuous liquidations and a roughly 25% decline in its price over the past week. The integration is seen as a historic step towards mass adoption of decentralized finance by tapping into Telegram’s massive audience. Nevertheless, skepticism remains due to the lack of listings on major tier-1 exchanges like Binance and Coinbase, which is critical for greater market credibility. This development brings both optimism and caution, as the long-term success depends on converting Telegram’s user base into active investors while overcoming existing market challenges.
The integration with Telegram provides a significant exposure boost for PI by tapping into a vast active user base, which could improve long-term adoption prospects. However, in the short term, the token is likely to face volatility due to ongoing liquidations and its absence from major exchanges. Historical trends of rapid initial surges followed by corrections suggest cautious optimism; while the integration aids visibility and potential investor interest, enduring gains will depend on converting new user engagement into trading volume.
Sources
Pi Network (PI) Faces Prolonged Downtrend Despite Telegram Integration
Beincrypto
29.03.2025 02:00
Telegram Embraces Pi Network – Can It Reverse the Downtrend?
cryptonews.com
28.03.2025 22:59
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