This is why prices could potentially increase by 85%
The "Uptober" events kicked off strongly, as many leading cryptocurrencies saw significant gains over the past few hours.
The Pi Network has also tapped into the green wave, but what is the maximum it can reach? Take a look at ChatGPT's perspective on this matter.
Private investigator potential
The AI-powered chatbot estimated that the asset's price could see a significant increase if "Uptober" (the nickname for October in the cryptocurrency community) meets expectations. It identified several potential factors, such as listing on a leading exchange, ecosystem development, and roadmap updates, that could stimulate a potential price rise.
ChatGPT expected that the most optimistic result for the price of PI would be an increase in the range of $0.35-$0.45, likely driven by positive news and a broad rise in the cryptocurrency market. The asset is currently trading at around $0.27 (according to CoinGecko data), with the chatbot indicating that its recovery will depend heavily on breaking through the psychological resistance level at $0.30.
Moreover, it was claimed that if the excitement of "Uptober" accelerates and liquidity flows into speculative assets, PI could even target the $0.50 area:
"PI could break through key resistance levels and surprise investors with a rise to the range of $0.40 to $0.50, making it one of the standout performers this month."
Last but not least, ChatGPT touched on the loyal Pi Network community, which consists of millions of users. According to the chatbot, this broad base of pioneers could be activated if the price starts to rise, potentially leading to further increases.
