PI – -Network (Pi) price forecasts as the symbol is opened this month to slow down

Tl; the Dr.

• Pi Network (Pi) jumped in the last 24 hours and here are some of the latest predictions of this future price results.

• Severe symbolic openings may have considered the PI price in recent weeks, but the pace has slowed down after the mid -May pace, potentially relieving sales pressure.

Pi on the move

After several days of trading Pi Võrk (PI) Finally, the previous day we managed to map some profits. Its price has increased by 6.5%over the last 24 hours, currently trading around $ 0.61 (Coingecko data). In fact Pi has outperformed leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), which are also green in the daily age but have recorded less significant growth.

Somewhat expectedThe revival has gained enthusiasm for the entire PI network community, with some members in the short term of jumping. One x user marked that Pi has recently consolidated $ 0.50-0.70, calling it a “good gathering zone”. It said, They believe this is now a “pump time” setting a goal of $ 5.

The moon jeff who often affects the thing, shared A similar thesis. He described a symbolic chart bullish, claiming that someone was buying hard.

In addition PI News (x -account dedicated to submitting the PI network) recommended This “pi may move your imagination at any time.” Theory Based on Assuming that everything is possible in the cryptocurrency sector, referring to Alpaca's recent price explosion, which increased by more than 2000%during the week before the collapse.

Opens to cool

In the last several weeks, There has been the opening of PI signsTo. The record day was April 30, when Released over 11 million coins upTo. These developments may have been among the reasons for suppressing the price of suppression at a time when BTC and many leading Altcoins mapped important demonstrations. After all, it gave some investors a chance They have been waiting for a long time to sell tokens.

It is important to note that the openings remain relatively high in the short term, but after that there is an obvious slowdown. Last day than more than 10 million chips be designed Issue to be published on May 8, while by the end of the month is the number It is to be expected drop below 6 million.

In the meantime, the current circulating offer is simply south 7 billion and over 70% of this amount remains in the form of locked mining prizes.