Pi Network Price Recovers Hinting At Pi Coin’s Rally To $3 Ahead

Pi Network price has surged more than 9% today amid a broader crypto market recovery. Besides, it also comes in tandem with the market expectations, anticipating a bounce back in Pi Coin’s price due to several factors. In addition, a top expert has revealed that the crypto is likely to hit $3 in the coming days, which has further fueled the investors’ optimism. Pi Network Price Soars: What Lies Ahead? Pi Network price jumped over 9% today and exchanged hands at $0.59, while its one-day volume fell 37% to $298.5 million. Notably, the crypto has hovered between $0.5375 and $0.6102 over the last 24 hours, reflecting the volatile scenario in the market. Meanwhile, this latest recovery indicates that the market participants are regaining their confidence in the asset. Besides, the low Pi Coin unlocks this week have further bolstered investors’ sentiment, which could have helped in the recent gains of the token. A Quick Tour Of Pi Network Unlock According to PiScan data , an average of 1.5 million Pi tokens will be unlocked through April 11. Over the next 30 days, the highest unlock will be on April 18 of around 9.8 million Pi, worth $5.7 million at the current price. Notably, the data also showed that a total of 160.74 million Pi tokens will get unlocked in the next 30 days, valued at around $93.77 million. Considering that, the experts have urged the Pi Core Team to burn tokens to offset concerns about this heavy inflow into the market. So, if the team manages to burn tokens or reveal any major announcement, it could trigger a strong rally in the asset’s price. Besides, the soaring adoption of Pi Network has further fueled investors’ confidence. What’s Next? Amid the ongoing recovery, a top expert said that Pi Coin price is expected to reach a new all-time high, sparking market optimism. For context, renowned crypto analyst MOON JEFF has forecasted that the Pi Network price will surge to $3 by June. This optimistic projection comes amid a tumultuous market, with PI’s value currently experiencing a downturn since February 27. Despite the bearish trend, MOON JEFF remains confident that PI will rebound and break through resistance levels once global trade tensions ease. According to the analyst, the Pi Network price’s potential is vast, with possibilities extending beyond current all-time highs. MOON JEFF’s prediction suggests a significant upside for PI, making it an attractive prospect for investors looking to capitalize on the cryptocurrency’s growth. However, this forecast contradicts a Pi price prediction , which indicates a bearish road ahead for the asset. Besides, a recent report also showed that some market experts anticipate Pi price to hit $0.3 if the bears continue to dominate. Having said that, investors should exercise due diligence while putting their bets into the market. The post Pi Network Price Recovers Hinting At Pi Coin’s Rally To $3 Ahead appeared first on CoinGape .

Source: CoinGape