The Pi Coin recently experienced a sharp rise, but subsequently its price has fallen to $1.79, a 40% drop from its high of $2.90. It has lost 22% in the last 24 hours alone, which raises questions about its future development. Factors such as the launch of the mainnet, the unblocking of KYC verified accounts, and perhaps a crawl on the major exchanges will be key going forward. If Pi Coin gets back above USD 2.20, it could reach USD 2.80, while a drop below USD 1.50 could mean a further decline.
One of the main positive signals is the activity of large investors (“whales”) who, according to on-chain data, are quietly accumulating Pi Coin. Historically, their buying tends to be a harbinger of future price growth, as the big players invest with an eye to profit at higher prices. Their activity also boosts market confidence and may trigger a FOMO effect among retail investors, which could further support the price.
Another factor is the influence of Bitcoin, whose price movements often determine the direction of the entire crypto market. If BTC remains in a positive trend, Pi Coin could follow suit and benefit from the overall market strength. The combination of Pi Coin’s growing ecosystem and Bitcoin’s favorable development could create ideal conditions for price growth.
Thus, despite recent losses, Pi Coin has several potential catalysts for recovery. The key will be to see if the expected fundamental events are confirmed, how the market reacts to them, and whether important price levels can be sustained.