While the cryptocurrency market never sleeps, the Pi Network ecosystem continues to unfold. Let's look at the major events and potential future changes.
Partnerships and Their Impact
Pi Network debuted just over a month ago, but it has already made headlines multiple times. In the latest updates, the project team announced a significant partnership with PiDaoSwap, a fully community-driven decentralized platform. This collaboration aims to enhance transparency and boost confidence in a project that has faced criticism over the years.
Price Dynamics and Expectations
Recently, the price drop of Pi Network was linked to increasing pressure from a large number of unlocked tokens. The rate of unlocking is expected to drop from 13 to 3.8 million PI per day, which could stabilize or even increase the price. Analysts note that the PI/USDT pair has been in a falling channel, but the overall sentiment turned more optimistic after a resistance line became support.
Previous Price Predictions
The Pi Network community is growing, attracting analyst attention. Recent predictions include a potential return to the previous high of $3. However, some are even more bullish, predicting a rise to $314.159, which seems unrealistic without a significant market cap increase.
The Pi Network ecosystem continues to progress with new partnerships and changing price dynamics. While predictions about the project's future vary, attention to the project and its community remains strong.
