Pi Network began to stand out on the market agenda after being listed on the BTCC Stock Exchange. Coin fell to $ 0.68 in the last 24 hours, while investors’ expectations include predictions that the price could exceed $ 1. Pi Network, which attracts the attention of investors with the positive impact of the listing process, is based on various market data.
Listing Details
The BTCC stock exchange announced that it has opened Pi Network to Spot trade. This development increased the search for support in the short term among investors.
BTCC Exchange: “Crypto Para Spot has been added to trade.”
The increasing interest of investors after listing gave rise to the expectation that there may be changes in transaction volumes.
Token Locking and Price Expectations
The locking rates of tokens played an important role in the fluctuation in the last Pi Coin price. Following the release of the large token in March, a negative effect was observed in the market. On the other hand, the fact that the locking amount is at 124.32 million in April led to a positive change in supply-demand balance.
Furthermore, while the amount of locked in May, June, July and August is expected to increase, the low token deficit specific to April is thought to be positively reflected on the market. This may contribute to the possibility that the price reaches $ 1.
FUTURE FOR THE FUTURE
Market experts say that existing dynamics can prepare the ground for recovery in the short term. According to expert views, significant recovery signals are observed in Pi Network’s basic level analysis.
Crypto Jex: “Pi Network is formed in the ABC Recovery Pattern in the critical accumulation zone. The entrance price is $ 0.64- $ 0.77, targets are foreseen as $ 0.95- $ 1.00, $ 1.30- $ 1.50 and $ 1.80+.”
While the general volatility of the market continues, investors should carefully monitor the existing rates and be cautious. Closely monitoring of developments can allow a healthier evaluation of market movements.
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.
