Cryptocurrency expert Dr. Altcoin has revealed that the Pi Network team is taking steps to stabilize the price of Pi Coin during periods when large amounts of tokens are being released. Specifically, the team is absorbing the oversupply of tokens on centralized exchanges (CEX), which is helping to keep the price above the key support level of $0.63.
This strategy has prevented the price of Pi Coin from falling below $0.30, which could have occurred due to low demand and the high volume of tokens being released. Dr. Altcoin emphasized that these steps show the long-term vision of the project and differentiate Pi Network from short-term speculative projects.
Despite these positive steps, Dr. Altcoin expressed disappointment with the lack of communication from the Pi Network team. Still, he remains optimistic about the future of the project and believes that the price of Pi Coin could reach as high as $314 in the next five years.
The Pi Network community is preparing for the Consensus 2025 conference, where founder Nicolas Kokkalis is expected to speak. This event is seen as a key opportunity to promote the project and strengthen its position in the market.
In the short term, analysts predict the possibility of Pi Coin’s price rising to $1 to $5, especially if it gets listed on major cryptocurrency exchanges such as HTX. Such a development could increase liquidity and attract new investors.