Can the PI Network reach $10 by December 28?
Summary of the current state of PI Network and key challenges ahead:
🔻 PI price decline:
Price dropped to $0.532, down 20% from last week's high and 56% from its peak.
Market cap shrank to below $4 billion despite significant system updates.
⚙️ New technical updates:
Launch of the artificial intelligence initiative.
Upgrades to the app studio and the new PI wallet.
Release of node version 0.5.2 with security improvements.
Integration with OnRamper and a new guide system to increase application clarity.
📉 Key challenges:
Absence of an official exchange listing supporting liquidity.
Ongoing concerns about the upcoming PI token and central control over the project.
Significant selling pressure risk with the unlocking of 276 million PI tokens (about 3.7% of supply) between June and July 2025, which could add more than $215 million in market selling pressure.
Historically, such cancellations lead to significant price declines ranging from 30% to 77%.
📆 Future forecasts:
The next big PI day is December 28, 2025, expected to be a significant catalyst.
Optimistic price growth forecast from around $1.20 in July to $2.80 by December.
Short-term support currently around $0.52, with a potential rebound towards $1 if momentum continues.
⚠️ Investor advice:
Caution is required due to market volatility and expected selling pressure.
Keeping up with official updates and new listings may be key to price improvement.
Assess risks well before making any investment decision.
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