Pi Coin's prices remain in a tight range, despite the surge in Bitcoin and other altcoins. However, several factors indicate possible future growth.
Current Price and Analysis
As of Friday, July 11, Pi Coin was trading at $0.4900, slightly above this week's low of $0.4530. The current price stability arouses interest in a potential wave of growth.
Factors Contributing to Growth
Data indicates that the token unlock pace for Pi will slow over the next few months. This month, over 175 million coins will be unlocked, with 137 million in August, 116 million in September, and 93 million in October. Additionally, the ongoing Bitcoin rally may also impact other altcoins, including Pi Coin.
App Development Prospects
Recently, Pi Network's developers unveiled Pi AI Studio, helping to create artificial intelligence-based applications. More than 12,000 new applications have already been proposed for the studio. Success for even half of these could lead to significant growth for the Pi Network ecosystem.
Under current conditions, while the price of Pi Coin remains in a tight range, the emerging growth factors and app development could yield optimistic outcomes in the future.
