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  • ๏ปฟAnjali Belgaumkar
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    ๏ปฟAnjali Belgaumkar right arrow

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    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โ€œEnthusiastโ€ but trust me I'm getting there.

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Pi Coin Price Prediction Today: Can it Hit $1 Ahead of Massive 223M Token Unlock?

  • currency-symbol PI $ 1.11 (-27.74%) top looser
Story Highlights
  • 5.8M PI tokens unlock today; 223M more set to release in 30 days, risking further price pressure amid weak demand.

  • Pi Coin struggles below $0.70 as high supply, low adoption, and mass sell-offs weigh on long-term price potential.

Pi Coin is currently showing decent gains of over 3% on the day, but the token remains trapped within a tight trading range, unable to break convincingly above the $0.70 resistance level. Despite a small price uptick, concerns are mounting as more tokens are set to hit the market in the coming weeks.

Upcoming Token Unlocks Impact Pi Coin Price

Today, approximately 5.8 million PI tokens are scheduled to unlock, with a much larger wave โ€” 223 million tokens โ€” expected to be released over the next 30 days. This influx of supply could intensify downward pressure on the price, especially in the absence of strong buying demand.

At the time of writing, Pi is hovering around $0.66, a critical level for bullish sentiment. If the price can close above this level on the daily chart, analysts suggest it could open the door for a potential rally toward $1 or higher. However, failure to hold this support might see the price slide further, especially as token unlocks flood the market.

Source: Coinpedia Markets

Since being listed in February, Pi Coin has seen dramatic price swings โ€” climbing as high as $3 at its peak before plunging to lows around $0.40. The decline has left many early adopters and miners, particularly those active since Pi’s early days in 2019 and 2020, disappointed.

Several factors have contributed to Pi’s ongoing price struggles

Mass Selling After Token Releases: Like many airdropped tokens, Pi faces significant sell-offs after token generation events. A large portion of its user base, especially in regions like Africa and Asia, has been quick to liquidate holdings for cash, leading to increased supply pressure.

High Circulating Supply: Currently, Pi has a circulating supply of over 6.9 billion tokens, with a total supply cap near 100 billion. Compared to Bitcoinโ€™s capped supply of 21 million, the sheer volume of Pi tokens makes high price expectations, like $100 or even $10, highly unlikely under current conditions.

Limited Real-World Adoption: Although Pi’s vision includes becoming a widely-used medium of exchange, real-world usage remains minimal. While a few businesses accept Pi, broader adoption is still lacking, which limits utility-driven demand for the token.

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FAQs

Can Pi Coin reach $1 again?

Pi Coin may reach $1 if it holds critical support at $0.66, but token unlocks and supply issues could prevent sustained growth.

Is Pi coin a good investment?

If the bullish sentiment sustains, the PI value could reach as high asย $2.1007ย this year.


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