Will the Fall of Pi Continue ?
The Pi network has experienced a rapid rise since its launch in 2019, captivating millions of users worldwide. However, the price of Pi Coin has recently plummeted significantly, mainly due to a major challenge: upcoming token unlocks.
Over the next 12 months, more than 1.6 billion tokens, representing a value of $1.4 billion, will be released into the market. This massive dilution of the circulating supply will inevitably have a negative impact on the token’s value, further jeopardizing the project.
A “Pi Coin Burn” to Reverse the Trend ?
In response to this situation, investors and the community eagerly await a response from the project team. Although they have not yet confirmed a token burn (“Pi Coin Burn”), rumors are rife.
A potential token burn would help reduce the circulating supply, which is generally viewed positively by the markets. Combined with listings on major exchanges and the creation of a Pi ETF, this could trigger a bullish trend for the Pi Coin.
According to technical analysis, the token price could then reach record levels, up to $3.14. However, the realization of these prospects will depend on the team’s ability to implement effective measures to support the value of their cryptocurrency.
According to Dr. Altcoin, the burn could push the token back above $1:
“CEXs have been flooded with unlocked Pi, and the PTC will need to burn an additional 60 to 100 million Pi from the circulating reserve in the coming days to bring Pi back to $1. I am now more confident in the token’s imminent return to $1.” says Dr. Altcoin.
The Pi network is currently at a crucial turning point. As the token price has tumbled in recent months, the community eagerly awaits a response from the team to reverse the trend. Token burning, along with other initiatives, could be the key to restoring value to this cryptocurrency.
The future of the Pi Coin hinges on these strategic decisions. If the team can revitalize the project, the Pi Coin could experience a resurgence and reach new heights. The coming months will be critical in determining the future of this crypto.
Mining Token Soon Back to $1?
The token’s future rests on these strategic decisions. If the team can revitalize the project, the Pi Coin could experience a resurgence and reach new heights. The coming months will be critical in determining the future of this project.
You can now purchase the PI token on Weex. Here is a practical guide in a few steps:
- Create a Weex Account
Visit the official Weex website and sign up with your email or phone number. Then, validate your registration with the code sent. - Complete KYC Verification
Submit an ID and proof of address for KYC verification. - Fund Your Wallet
In “Deposit,” add funds via cryptocurrencies (USDT, BTC, etc.) or fiat (bank transfer, card). - Access the Market
Go to “Trading Spot,” type “PI” in the search bar, and select the PI/USDT pair to open the exchange interface. - Make the Purchase
Opt for a market order for an immediate purchase or a limit order to set a specific price. Enter the desired token quantity, verify, and confirm.
