Pi Network Will Not Drop Below 0.40 USD, Here Is The Reason

Pi Network has been falling steadily over the past few months. From a high trading price of $2.79, Pi is now hovering around $0.49. This has left many holders and miners disappointing, wondering how much lower the price could fall. But here is some good news, according to expert Dr. Altcoin, the price of Pi Network may not drop below $0.40 in the near future. This is the reason: Pi Core Team Controls 90% of Supply One reason why Pi is expected to maintain above $0.40 is because the Pi Core Team (PCT) holds approximately 90% of the total Pi tokens. Because they control such a large amount, they have the authority to manage the number of coins entering the market and the timing. If the price falls too low, especially below $0.40, it will harm the image and market ranking of the coin. Such a decrease could push Pi out of the top 30 cryptocurrencies, making it appear less attractive to investors and traders.

The Pi group is aware of this and may take steps to prevent this fall by slowing down the token unlocking process or issuing announcements. Too Many Things Are Threatened for Pi Network If the price of Pi falls below $0.40, this will not only affect traders but could also harm the reputation of the entire project. Major investors, developers, and ecosystem partners may lose interest. That is why holding the price stable is important for the Pi Core Team. They have proven that they can manage the market by controlling the number of tokens unlocked and timely updating the ecosystem. Price Forecast: What Will the Next Price Be? According to chart patterns, the price of Pi may range from $0.40 to $0.70 until the end of August. After that, as the number of new tokens entering the market decreases, the price may begin to rise slowly. Unless there is a major announcement or a sudden wave of hype, no large jumps are expected in the short term.