While the crypto currency market has recently experienced fluctuations, Pi Network (PI) is among the assets that attract the attention of investors. While the harsh decreases and technical developments in the value of the market increase the uncertainty in the market, investors evaluate the possibility of a potential recovery. Pi Network, which has experienced significant values in recent weeks, gives short -term recovery signals, but price movements still remain uncertain. However, it is said that the 1.6 billion tolens to be released in the next 12 months can increase the circulatory supply and suppress the current price further.
PI has lost value for two weeks
Pi Network (PI), which lost 45 %in the last two weeks and 32 %in the last seven days, is struggling to hold above $ 1. However, the 5 %recovery experienced in the last 24 hours brought the crypto currency to $ 0.955. Although analysts say that Pi Network can move towards a breaking point, investors are cautious by waiting for more clear signals.
Crypto Money Market Specialist Kim H. Wong, social media platform X (formerly called twitter) in his share, Pi Network’s initial fluctuations began to gain stability, he said. According to Wong, listing on stock exchanges, new commercial partnerships and ecosystem developments can contribute to the re -rise of Pi Network. In particular, the two -factor authentication (2FA) feature, which is recently announced, can help to strengthen the ecosystem by increasing the safety of the platform.
However, despite all these developments, Pi Network’s market value fell to $ 6.7 billion and fell to 24th in Coingecko ranking. Despite the ongoing decline trend, expectations that technical indicators can support the price movement allow investors to maintain hope.
Is there a coin burning for Pi Network?
On the other hand, as one of the main reasons behind Pi Network’s depreciation, 1.6 billion token, which will be released within the next 12 months, is shown. This supply increase of 1.4 billion dollars can increase the value of existing tokens by increasing the amount of circulating. Although the Pi Network team has not yet confirmed an official token’s burning plan, rumors are circulating in the market. If this burning occurs and supported by listed news on the stock exchanges, the price may rise to $ 3.14. Considering the current market conditions of Pi Network, investors are trying to evaluate the long -term earning potential. The project’s ecosystem developments, stock market lists and security improvements play a critical role in increasing investor confidence.
