Pi Network Price Surges 9% Amid Low Unlocks, Market Optimism

The Pi Network price has surged by over 9% today, aligning with broader market expectations and sparking optimism among investors. The price of Pi Coin has fluctuated between $0.5375 and $0.6102 over the past 24 hours, reflecting the volatile nature of the market. This recovery indicates that market participants are regaining confidence in the asset. The recent gains can be attributed to the low number of Pi Coin unlocks this week, which has bolstered investor sentiment.

According to PiScan data, an average of 1.5 million Pi tokens will be unlocked through April 11, with the highest unlock occurring on April 18, amounting to around 9.8 million Pi, valued at approximately $5.7 million at the current price. Over the next 30 days, a total of 160.74 million Pi tokens will be unlocked, valued at around $93.77 million. Experts have urged the Pi Core Team to consider burning tokens to mitigate the impact of this heavy inflow into the market. If the team manages to burn tokens or make a significant announcement, it could trigger a strong rally in the asset’s price. The soaring adoption of the Pi Network has further fueled investors’ confidence.

Amid the ongoing recovery, a top expert has forecasted that the Pi Coin price is expected to reach a new all-time high, sparking market optimism. Renowned crypto analyst MOON JEFF has predicted that the Pi Network price will surge to $3 by June. This optimistic projection comes despite a tumultuous market, with PI’s value experiencing a downturn since February 27. MOON JEFF remains confident that PI will rebound and break through resistance levels once global trade tensions ease. The analyst suggests that the Pi Network price’s potential is vast, with possibilities extending beyond current all-time highs. However, this forecast contradicts other predictions that indicate a bearish road ahead for the asset. Some market experts anticipate the Pi price to hit $0.3 if the bears continue to dominate. Investors are advised to exercise due diligence while making investment decisions.