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Jakarta, Pintu News – Pi Network seems to be gearing up for a comeback amid a general crypto market recovery. Recent price analysis shows a potential price increase of up to $3, which increases market optimism.
A leading expert, Kim H Wong, revealed some of the reasons that might favor Pi Coin’s price increase in the near future.
According to Kim H Wong, Pi Network PI->Current PI PriceRp 0Market Cap-Trading Volume-Circulating Supply- has the potential to continue its positive trend due to several upcoming announcements and developments.
Read also: Pi Network Users Allege Bot Attack on CoinMarketCap, Community Sentiment Plummets!
Currently, Pi Network is trading in a range of $0.6 to $3, with the current price hovering around $1.1. This suggests that there is ample room for growth. Market watchers continue to monitor developments that could boost Pi Network’s momentum.
With the news and anticipated developments, expectations for Pi Coin’s price performance are very high. This could be a strong indicator for investors to consider Pi Network as a potential investment asset.
Some of the key factors that could push Pi Coin’s price to higher levels include listings on major exchanges, announcements of partnerships with merchants, and advancements in its ecosystem.
The growing adoption of this token, such as the acceptance of Pi as payment by leading real estate companies in the US, as well as the progress of Pi domain auctions, may also boost the price.
In addition, the Pi Network team’s announcement of the implementation of two-factor authentication (2FA) to enhance the security of users’ digital wallets, demonstrates their commitment to user security and trust. This is a positive step that could attract more users and investors into the Pi Network ecosystem.
Investors are showing caution ahead of the Pi token relaunch, with 21.2 million Pi Coin scheduled to be relaunched on March 21.
Read also: 3 BNB Meme Coin Poised to Explode by End of March 2025
In the next 12 months, a total of 1.6 billion Pi’s, valued at $1.88 billion, will be re-launched, potentially affecting the price of Pi Network unless offset by a major catalyst.
While there are concerns about the impact of this token relaunch, many remain optimistic that ecosystem development and increased adoption can balance out any selling pressure that may arise. This shows the importance of monitoring market dynamics and overall ecosystem development to understand the long-term potential of Pi Network.
Overall, with various ongoing developments and increasing adoption potential, the Pi Network is showing strong signs of recovery.
Investors and users are expected to keep a close eye on recent developments within the Pi Network ecosystem, as these will provide important clues about the future direction of the Pi Coin price.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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