While veterans like Bitcoin, Ethereum and Solana are made in the headlines, Pi Community has tried to realize the dream of adopting a large scale through a mobile mining app and dyscentrization PI browser, holding a different route. But since the beginning of this year, the performance of Pi Community tells a different story.
When initially institutional investors invested in large quantities, the price of Pi Coin suddenly surfaced, but then reaching $ 0.40 Pi coin Worth declinedNow once again, it has made a comeback and touched a $ 1.20 level, which has crossed the major resistance levels and moving average.
$ Pi came into the limelight again from a rally of 234%
In the last few weeks, Pi Coin Worth has seen a rise of more than 234%, which has caught the attention of not only early supporters but also many new investors.
There are some important reasons behind this unexpected bounce:
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Increasing confidence in menet launch.
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PI claims that it has more than 47 million active users.
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Rumors of listing and corporate integration on large exchanges.
Although the tokens of Pi Community are not yet traded on the main crypto exchanges and only a few platforms are available in the IOU (I Owe You) model, but still there is huge enthusiasm in the market.
265 million tokens unlock: danger or opportunity?
The biggest question for Pi Community is whether the unlock of the upcoming 265 million tokens will break its existing rally?
Token unlock usually creates an atmosphere of “fud” in the market, ie fear, uncertainty and doubt. Investors are worried about the fact that old holders can sell large amounts of tokens, which can create pressure on the price.
However, some experts believe that this unlock can also create a positive liquidity event that can provide entry to new investors and the price may be stable, provided the community remains strong and does not get panic promoting.
Can Pi Community still do 2x?
If the current uptrend continues and Pi coin list on binance If the news is true, then the price of PI can go up to above $ 2.00.
Potential boosting factors are included.
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Official confirmation of menet launch
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Listing on tier-1 exchanges
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Strong social media and media coverage
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Pi browser or other apps increase the utility of tokens
Some bullish investors are expecting up to $ 100+ price, but this is possible only when there is continuous development at both technical and fundamental levels.
What is the right strategy for investors?
If you believe in PI’s mobile-first and user based model, it may be a chance for you to invest before the mainstream adoption.
But if you want to avoid the risk, it may be better to wait for the pricing movement after the token unlock because sometimes the price falls after a big unlox and then grows stable.
Conclusion
The unlocking of 265 million tokens can be a significant turn for Pi Community. This is an opportunity when this project can become a real, mannet-based crypto project by exiting the identity of “Testnet Forever”. Over 47 million users, years of waiting and strong nectar of financial invoice, $ Pi has all the necessary elements of the big rally.
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