Pi Network recently secured a major listing on BTCC Exchange, sparking market discussions around its potential impact on the crypto market. Despite this positive development, the Pi Coin price has seen a significant decrease, dropping to as low as $0.68 in the last 24 hours. However, recent market trends indicate a potential rally for the crypto, with experts predicting a surge to $1.
The listing on BTCC Exchange has fueled investor optimism, as listings often drive prices higher. The recent announcement by BTCC Exchange added Pi Network for spot trading, leading to a slight increase in the Pi price today, which was trading at $0.7184. Despite this gain, the crypto has experienced a loss of over 22% in the last seven days and a slump of over 60% in the monthly frame.
One of the key factors contributing to the recent losses in Pi Coin price is the massive token unlocks in March. Additionally, the lack of major announcements from the Pi Core Team and listing updates from Binance has dampened investor sentiment. However, there is optimism for a potential recovery in April, as token unlocks are expected to hit their lowest point this month, with only 124.32 million Pi tokens being unlocked.
Looking ahead, experts predict a strong recovery for Pi Network, with a bullish future on the horizon. While there is volatility in the broader market, investors are advised to exercise caution before making any investment decisions. Market experts remain bullish on the coin’s future trajectory, with some predicting a potential price surge to $1. Analyst Crypto Jex has shared a bullish outlook for Pi Coin, anticipating a price increase based on an ABC Recovery Pattern within a key accumulation zone.
Despite market fluctuations and potential dips, there is optimism surrounding the future of Pi Network price. With experts forecasting a recovery and potential price surge, investors may see opportunities for mid-term upside potential. While a bearish scenario is also possible, with a projected dip to $0.64 in April, the overall sentiment remains positive for the crypto. As the market continues to evolve, Pi Network’s price movements will be closely monitored by investors and analysts alike.
