Pi Network’s local token PI started to be listed on the stock exchanges when the project finally launched its open network on February 20. Token has experienced serious price fluctuations since then. The Pi Network Coin price reached the highest level of all time with almost $ 3 during the first stock market listing. However, it then fell to $ 0.68 on March 31. Now analysts foresee a short -term PI price increase with targets above $ 2. However, the opening of the upcoming token locks can prepare the ground for another correction.
Taurus predictions for Pi Network Coin
Kriptokoin.comAs you have followed, Pi Coin has recently experienced serious fluctuations. However, despite the prominent bear trend in the token price, many analysts continue to foresee a bull run in the short term. The X user Crypto King foresees a potential 2-2.5-fold price increase when the market volume returns ”. This points to the target of about $ 2.
Moon Jeff, a frequently speaking analyst about Pi Network Coin, shared the estimation that Coincodex’s PI could rise to $ 2.73 by the end of this month. The crypto monitoring platform also set a large target reaching $ 27 by 2050. A few days ago, Moon Jeff defined it as the only support remaining support, assuming that PI could fall to $ 0.60. However, if the market analyst is reached, a huge rise is waiting for $ 5, which will be the highest level of all time.
Pi Coin did not go down to this low level that Moon Jeff expected. In fact, Token recently rose to $ 0.75. Pi Coin is currently traded at about $ 0.72. This represents an increase of % on a daily basis.
Are there any more corrections on cards?
As you know, PI is designed to have a maximum of 100 billion token supply. Currently, the circulating supply is less than 6.8 billion. This means that more than 90 %of the specified supply has not yet been distributed. Naturally, some analysts take into account this and estimate that there will be downward pressure on the price in the coming days. For example, Whale.guru announced in the next 30 days that more than 121 million PI token will be unlocked.
In addition, the data obtained from the Pi Network block traveler disrupts the balance of locked and lock -up mining awards in this supply, as well as the distribution of the actual supply of the actual supply of the existing supply in the network. The first is about 5 billion, the second is 1.7 billion, that is, the serious token share is still locked and released the question of what will happen when it is released.
