Pi Network's token has experienced significant growth, leading to interesting forecasts and expectations from analysts despite recent corrections.
Recent Growth and Pullback of Pi Network
In the last 24 hours, Pi Network has lost part of the 90% profit gained over the week. However, analysts remain calm as such corrections after sharp rises are considered natural. The token is still up 59% over the last month.
Factors Affecting Price and Future
While Bitcoin, Ethereum, and Solana continue to dominate the cryptocurrency discussions, Pi Network stands out with its mobile mining system and decentralized browser, bringing real-world utility and mass adoption closer to reality. The year-to-date performance of Pi Network tells a different story, as it has recovered significantly from a low of around $0.40 to nearly $1.20.
Analysts' Predictions and Expected Asset Unlocking
Technical analysts have identified a parallel channel on the Pi chart. If the token breaks out of this formation, it could surge another 234%, potentially reaching $5.27, raising its market cap to about $39 billion. As of May 14, 2025, about 265.44 million Pi is scheduled to be unlocked, which may increase price volatility in the market.
Despite the recent pullback, analysts are optimistic about further growth for Pi Network, considering key factors. The upcoming unlocking of tokens may induce fluctuations that investors should keep in mind.
