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Pi Network’s Collaboration with BNP Paribas: Will PI Test $1?

Pi Network’s Collaboration with BNP Paribas: Will PI Test $1?
Pi Network’s Collaboration with BNP Paribas: Will PI Test $1?

Main notes

  • The PI network has partnered with BNP Paribas to integrate Blockchain with traditional banking services via SEPA and open banking programming interface.
  • The new wallet activation update simplifies the access of PI Mainnet, and expanding the user’s dependence through KYC by a third party.
  • Technical indicators indicate a possible outbreak of about one dollar if the resistance is wiped near $ 0.65 – $ 0.75.

Pi Network (PI) and BNP Paribas, one of the largest and most famous financial institutions in Europe, cooperated with Pi Network continuing to approach its open global launch.

Transformational cooperation: PI & BNP Paribas

BNP Paribas has unveiled the innovative online payment service that integrates open banking programming facilities with instant SEPA transfers, which will be combined with the Pi Nexus Banking Pi -NEXUS system.

The synergy provides multiple benefits, including the fastest transactions, cost efficiency, financial inclusion, border expansion, and institutional confidence.

Companies can take advantage of the ecological system of the low PI and immediate SEPA transfer, along with Blockchain from the PI can enable settlements in actual time, leading to increased adoption.

Expanding the ecological system: update of the wallet activation

In addition, the PI network provided Mainnet wallet activation updateReducing entry barriers for users. This allows KYC pioneers who have been determined to activate the governor smoothly and interact with the Pi Mainnet.

The integration of KYC providers from a third party like BanXa expands access, ensuring that a larger global user base can interact with Blockchain safely.

Technical expectations: Does PI reach $ 1?

According to Coinmarketcap dataPI trading at $ 0.5940, an increase of 1.40 % over the past 24 hours. The trading volume in Cryptocurrency increased by 55.75 %, indicating an increase in purchase of investors.

When analyzing the 4H graph below, it is clear that the immediate resistance is located at $ 0.6485 (0.786 FIB), followed by $ 0.6848 (1.618). 0.7434 dollars (2.618) and 0.8020 dollars (3.618) are other resistance areas.

Also, the level of 0.8382 dollars (4.236) represents a potentially excessive area – as a potentially $ 1 if the feelings rise.

PI 4H Chart Source: TradingView

On the other hand, RSI currently stands around 46.63, indicating a neutral area, recovering from excessive sale conditions near April 29. The bullish difference that was formed with the low price while making RSI low.

The MACD index explains that the blue MACD line is a little higher than the orange signal line, indicating the presence of an emerging bullish intersection, but the momentum remains weak. A strong MACD fee will be needed up to confirm the continuous upward feelings.

It is important to note that a successful re -test and laziness over $ 0.6485 and $ 0.6848 can attract an upward volume, which pays the price to $ 0.80 and $ 1. However, the failure to break more than $ 0.6485 may lead to a review of the support price near $ 0.55.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

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