Your expectations regarding the Pi Network coin and its price increase to between $2.5 and $3.15 in the near future depend on several factors. Based on information available from recent web sources, it appears that the market is currently experiencing selling pressure, as the price of Pi coin has dropped to around $0.38 after reaching a local peak of $2.96. This decline coincides with the unlocking of large amounts of coins (such as 275 million coins in June), which increases supply and puts pressure on the price, especially with current low demand.
However, there are optimistic forecasts from some analysts indicating the possibility of a recovery. For example, some believe the price could reach $2.75-$2.80 by the end of the year if the fundamentals improve, such as increased adoption, support from trading platforms, and potential positive announcements on the second Pi Day (June 28). One analyst also pointed out that the current price (around $0.64) may be a buying opportunity before a potential upward wave.
However, there are significant challenges, such as the continued unlocking of coins and increased supply (1.5 billion coins will be unlocked over the next 12 months), which could hinder the rise if demand does not increase sufficiently. Additionally, there are concerns about centralized control, as the Pi Foundation controls more than 90 billion coins.
Summary:
• In the short term, it may be difficult to reach the range of $2.5-$3.15 unless significant positive developments occur (such as important announcements on the second Pi Day or increased adoption).
• Bullish forecasts depend on improving the fundamentals and increasing demand, but the large supply and current selling pressure pose challenges.
• If you believe that the coin is in a consolidation phase, this may be true from the perspective of some analysts, but risks remain due to high volatility.
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