In recent weeks, Pi Coin has shown activity, with an 11% rise in 24 hours, moving above $0.52. This surge is driven by a combination of market factors and changes in token supply.
Key Factors for Pi Coin's Growth
Crypto analyst Dr. Altcoin suggests that Pi Coin's recent dip to $0.40 may have been its last significant low. He notes a lack of signs for further decline, emphasizing that the market will soon see a 30% reduction in unlocked Pi, which will ease selling pressure.
The Impact of AI on Pi Coin's Future
Pi Network is actively entering the artificial intelligence space with Pi AI Studio, allowing developers to create projects. Analyst Mr. Spock believes that capturing even 1% of the AI market could significantly increase Pi Coin's market cap.
Market Influence on Pi Coin's Price
Bitcoin's recent surge to a new all-time high has also lifted Pi Coin, which recently broke above $0.45 and held at $0.52. Indicators like the MACD are signaling positive trends for this cryptocurrency.
Against the backdrop of the overall rise in the crypto industry and changes in token supply, Pi Coin shows signs of entering a new phase of growth. Future advancements in artificial intelligence could significantly alter the market landscape.
