Pi Coin Price Prediction: Huge Token Dump Just Weeks Away – Will PI Collapse Under Pressure?
Over 150 million PI tokens are set to be unlocked next month, potentially adding significant downward pressure on the price just as Pi Coin nears its all-time low.Data from PiScan supports a bearish Pi Coin price predict...
Over 150 million PI tokens are set to be unlocked next month, potentially adding significant downward pressure on the price just as Pi Coin nears its all-time low.
Data from PiScan supports a bearish Pi Coin price prediction, as the sudden surge in circulating supply could weigh heavily on market sentiment in the short term.
This figure accounts for nearly 2% of Pi Coin’s supply of 7.95 billion at the time of writing and also exceeds the monthly average by 5 times.
Pi’s performance this year has been quite disappointing as year-to-date (YTD) losses currently sit at 79.25%
None of the 40th cryptocurrencies that outrank Pi in terms of market cap have booked such big losses during this period, which emphasizes how strong the selling pressure has been and how skeptical the market is about the project’s prospects and future.
Pi has been affected by poor ecosystem growth initiatives following the launch of its public mainnet, the refusal of top centralized exchanges (CEXs) to list the token, and the rapid expansion of its circulating supply.
Pi Coin Price Prediction: 34% Loss in Sight If The Selling Pressure AcceleratesThe 4-hour chart shows that PI bounced off a key support at $0.33 on Monday and has been rising since then.
In the past 24 hours, PI has gained 3%, while trading volume has also ticked up by 3%.
However, only $27 million worth of PI changed hands yesterday – a surprisingly low figure for a token with a nearly $3 billion market cap, signaling limited interest from market participants.
A short-term move toward $0.37 could be on the cards as PI retests its recent lower high, but the broader trend remains bearish.
The price continues to trade below the 200-period EMA on lower time frames, suggesting momentum remains tilted to the downside.
This setup supports a bearish Pi Coin price prediction, with a potential drop toward $0.25, implying a 34% downside in the near term.
While Pi has struggled to meet early expectations, projects like Best Wallet Token ($BEST) have captured significant investor attention.
With over $15 million raised in just a few months, $BEST is one of the year’s most promising presales – and could be primed for a 10X breakout once it officially launches.
Best Wallet Token ($BEST) Offers Compelling Use Cases and Access to Top Investing ToolsBest Wallet Token ($BEST) is the native token of the Best Wallet app – an all-in-one crypto wallet designed to make storing, swapping, and discovering new tokens simple for everyone.
Holding $BEST gives you discounts on trading fees, plus early access to top crypto presales through the app’s Upcoming Tokens feature.
You can also swap coins directly inside the wallet, paying a fraction of the usual cost.
And as more users join Best Wallet, demand for $BEST is expected to skyrocket – making it one of the most exciting tokens with 100x potential after the presale ends.
To buy $BEST, simply visit the Best Wallet Token official website and connect your wallet (such as Best Wallet).
You can swap crypto or use a bank card to invest in just seconds.
Visit the Official Website HereThe post Pi Coin Price Prediction: Huge Token Dump Just Weeks Away – Will PI Collapse Under Pressure? appeared first on Cryptonews.
Original source
Read on CryptonewsRelated market context
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...
Coinbase quantum report flags exchange cold wallets among millions of bitcoin exposed by address reuse
The report lays out possible solutions to the abandoned coins problem, such as setting a deadline for migration and then freezing...
Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution
TL;DR Crypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000. Mining-cost m...
Bitcoin Selloff Leaves Half of Supply Underwater as Tether Briefly Overtakes Ether
Bitcoin's drop below $60,000 leaves half of supply in loss, while Tether briefly overtakes Ether in a reality check for crypto mar...
Carlo Ancelotti takes responsibility for Brazil’s 1-1 draw with Morocco as crypto fan tokens enter the World Cup spotlight
Ancelotti's debut highlights challenges of foreign leadership in Brazil, while FIFA's blockchain ventures could reshape fan engage...