Despite the overall decrease in the crypto currency market, the Pi Network (PI) price is resistant to $ 1.4. Investors move cautiously due to possible sales pressure of large -scale token lock opening in the coming weeks. However, the expectation of listing large stock exchanges such as Binance creates an optimistic atmosphere in the market. The PI, which lost 24 %in the last 7 days, fluctuated within the range of $ 1.30 to $ 1.45 during the day.
Possible Effects of Token Lock Opening
Market participants focused on the fact that 271.68 million PI token will be released in the next 30 days. In the project, where an average of 9.05 billion toks per day is released, this amount is expected to increase on 17 March. High supply raises the risk of going below the price of $ 1.
The fact that the daily transaction volume decreased to $ 527.7 million shows that investors follow a waiting strategy. PI’s depreciation of 19 %since the beginning increases short -term prints. Experts, token lock after the price can not maintain support levels of the sales wave of warning that the deepening wave.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
Probability and optimism
The possibility of Pi Network’s listing Binance is a critical source of motivation for investors. In the polls organized by the platform, 86 %of users supported listing requests. The number of users exceeding 47 million of the project strengthens this expectation.
If the listing occurs, a significant leap of PI’s liquidity and market value is expected. However, the token inflation to be experienced before the price may force the price. Some analysts predict that investors may tend to increase position before listing.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
