#Pi Price Prediction - What could affect #pi future price?

1. Project-Specific Catalysts

Migration phases: Over 12M users migrated, but referral bonuses and periodic migrations are pending. Delays could prolong selling pressure from unlocked tokens.

Tokenomics: 65% of max supply (100B PI) is allocated to mining rewards. Faster migration could accelerate circulating supply growth, potentially diluting value unless demand rises.

2. Market & Competitive Landscape

Altcoin competition: PI’s mobile-mining niche faces rivalry from established coins like #XRP and $ETH Ethereum, which have clearer utility and liquidity.

Circulating supply: Only ~7.3B PI (7.3% of max supply) is circulating. Future unlocks could flood markets if adoption lags.

3. Technical Outlook

Key levels: PI trades at $0.652, below the 50-day SMA ($0.714). A drop below $0.55 could trigger panic selling toward $0.40.

Bearish patterns: Inverse cup-and-handle formation and descending wedge suggest consolidation with downside risk.

4. Macro & Regulatory Factors

Crypto market sentiment: Neutral Fear & Greed Index (57/100) and Bitcoin dominance (63.1%) limit altcoin rallies.

Token unlocks: 276M PI ($176M+) set to unlock in June 2025 may intensify sell-offs if demand doesn’t absorb supply.

5. Sentiment & Social Metrics

Community hype: The “$314K GCV” narrative persists but lacks fundamentals, risking disillusionment.

On-chain activity: Low turnover (1.45%) signals illiquid markets, amplifying volatility during unlocks.