In a turn of events that could only be described as “Oh dear, not again,” the price of Pi Network has taken a nosedive, plummeting almost 20% in the last two days. It’s as if the coin decided to shed its gains like a snake shedding its skin, only to reveal a rather unfortunate shade of $0.61, which is about as far from its all-time high as a cat is from a bath. 🐱💦
Now, some so-called experts, who probably have more degrees than a thermometer, are predicting that the price could drop even further—by a staggering 35% to 50%. Let’s dive into the murky waters of why they think this might happen, shall we?
Why Pi Coin is Dropping Like a Hot Potato
Enter Dr. Altcoin, the crypto oracle of our time, who claims that Pi Coin is on the brink of a further fall. His reasoning? Too many new Pi tokens are being released into the wild, like rabbits after a particularly enthusiastic spring. 🐇
If you’re still scratching your head over why Pi’s price is down today, it’s because millions of unlocked Pi are now flooding the CEXs.
I’ve been saying this all along: the available circulating supply on CEXs dictates the price of Pi since:
Price = demand/supply.
Unless the PCT…
— Dr Altcoin (@Dr_Picoin) April 15, 2025
This month alone, over 100 million Pi coins will be unleashed upon the unsuspecting market. By the end of the year, we’re looking at a staggering 1.5 billion new coins joining the party. With so many tokens and not enough buyers, it’s like trying to sell ice to penguins—good luck with that!
Dr. Altcoin also warns that if the Pi Core Team doesn’t pull a rabbit out of their hat soon, we might see the price tumble down to $0.30 faster than you can say “cryptocurrency crisis.”
Too Many Tokens, Not Enough Buyers
Other experts, who are probably just as qualified as Dr. Altcoin, agree that this is basic supply and demand. When there are more coins than people willing to buy them, prices tend to drop like a lead balloon. Right now, many potential buyers can’t even get their hands on Pi Coin because it’s not listed on the big exchanges like Binance or Coinbase. Talk about a supply chain issue! 📉
What’s the Possible Solution? Or, How to Save Pi from Itself
Some experts suggest that the Pi Foundation could engage in a little token pyromania and burn some of those pesky coins to reduce the supply. With over 70 billion Pi coins in their possession, even a small bonfire could help support the price. 🔥
Another bright idea is to burn some of the transaction fees collected from Pi’s app ecosystem, much like other blockchain projects do. Because who doesn’t love a good bonfire?
Pi Coin Price Eying a 50% Drop
The price of Pi Coin has dropped significantly, mainly because hundreds of millions of Pi tokens have been unlocked and added to the market. Recently, it lost 20% in value after failing to break through the formidable resistance level at $0.778 last week. It’s like trying to break through a wall made of marshmallows—squishy but ultimately ineffective.
Looking at the 1-day price chart, Pi Coin is forming a “falling wedge pattern,” which usually means the price will keep going down. If this trend continues, we might see the coin drop to $0.38, its lowest point this month. But fear not! If Pi Coin manages to rise above $0.78, it might just start climbing again, possibly even reaching the lofty heights of $1. 🚀
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2025-04-18 09:25