Why Pi Network (PI) Could Skyrocket Over 300% Soon: 🚀🪙💥🫶💪

After peaking in February, Pi Network's price has since plummeted, losing nearly 80% of its value. Several crucial elements must come into play for this cryptocurrency to recover and potentially rise as much as 365%.

First, the cryptocurrency market as a whole must recover. Historically, most altcoins, like Pi, can only truly thrive when industry-leading Bitcoin is also in bullish mode. However, the crypto market is currently experiencing a bearish period, thus curbing Pi's recovery potential.

Another key aspect for Pi Network will be its team's ability to resolve the issues related to its tokenomics, which have largely contributed to its recent decline. A major concern is that the network will release over 1.5 billion tokens in the next 12 months, representing a monthly average of 130 million tokens, with a current value of $83 million.

Additionally, Pi's price could also rebound if it is listed on major exchanges, such as Binance, Coinbase, Kraken, or Upbit. Currently, the most relevant exchanges for Pi are Gate, Bitget, OKX, and MEXC.

A listing on major exchanges would likely trigger a large short squeeze, as happened with tokens like Kaito, StakeStone, or WalletConnect after their listings.

Finally, Pi could experience a surge if its ecosystem expands significantly, which would add more utility to the network and, therefore, value to its token.