After weeks of slow movement, Pi Coin made a high return, jumping more than 25% in a single day. The price has climbed over $ 0.75 and is now $ 0.72, making it the most efficient Major Altcoin today. In the past 24 hours only, PI has increased by almost 30%, with a gain of 52% in the last 90 days.
The market shows strong signs of optimism, analysts pointing to a possible increase at $ 1 if this amount of movement continues. Technical indicators also seem positive – the 10 -day SMA (simple medium mobile) has just crossed, and the RSI (relative force index) suggests an upward trend. Pi Coin also reached a weekly summit of $ 0.78, pushing its market capitalization beyond $ 5 billion.
Adding to excitement, the PI network recently launched the Ad Pi network, offering developers a new way of earning money from their applications and stimulating the actual use of PI. This is considered to be a large evolution towards the construction of a stronger and more useful ecosystem.
However, everything does not make navigation gently. A major unlock of 188 million pi tokens is expected in the next 30 days, according to Piscan. This could create sales pressure on the market. In addition, while 87% of the community supports a list of holes, the exchange has not yet taken any measures.
Even with the recent launch of the PA network Mainnet, the volume of exchanges dropped by 44%, signaling the interest of mixed investors.
What is the next step?
All eyes are on the next lockout of the tokens and if the binance and other major exchanges will list. These events could play a big role in training the future price of the medal.