Tl; the Dr.
- Pi increased the momentum of the market with double digits while waiting for the PI -network ecosystem.
- However, millions of PI chips are released in the middle of the month, causing concern about possible sales pressure and incoming volatility.
Pi run
The pristine badge of PI Network, which was consolidated less than $ 0.60 in early May, had a solid rise in the last 24 hours. It climbed briefly for nearly one month's highest $ 0.77 before he had slightly pulled to the current $ 0.75 (Coinekecko data). Denotes almost 20% of the pump compared to the observed assessment May 8th.
Pi's market capitalization exceeded $ 5 billion, turning it into the 32 largest cryptocurrency. It is known in front of Altcoins such as uniswap (sleep), close to the protocol (near), official trump (Trump) and more.
Two obvious factors are likely to be evident. The first is, of course, a cryptocurrency market revitalization where Bitcoin (BTC) grown Much over $ 100,000. The second is the recent expectation of the PI Network team for an important development.
If Cryptopotato reportedThe project developers were tempted by an ecosystem announcement published on May 14th. Crypto X exploded with speculation, with some community members predicted to have a potential PI list on Binance.
The latest rise in the price of the property was attracted to the attention of many market observers who think there is more room for growth. X User Moon Jeff who touches this thing regularly, required PI has exceeded the level of microt resistance of $ 0.75, predicting a jump to $ 1. It is important to note that the last time the price was above one dollar zone was in March this year.
Another user on social media platform surprised If the evaluation could explode to $ 5, his followers ask to give up their predictions. Some sketched targets include amazing characters like $ 10 and even $ 20, which look quite unrealistic (at least for a moment).
Investors should carefully defeat
Despite the rally there is no pi completely Out of the forest and its price may decrease for a short time. Will come to a Mass release of locked assets by the middle of this month. The record day is expected May 16, when almost 15 million pi is released.
This gives investors the opportunity to sell the chips they have been waiting for for a long timeTo. Although this does not guarantee such a scenario, the risk of a mass exit is still the fabric.
It is worth noting that the opening cools towards the end of the month and early June.
Post PI Võrk (Pi) rises 20% per day: Is the Input 1 -dollar return? first appeared in Cryptopotato.
