Pi Network (PI) is trading at approximately $1.36, reflecting a modest increase of 0.03% from the previous close. The day's trading range has seen a high of $1.41 and a low of $1.31.

Pi Network (PI)$1.36+$0.04(+3.03%)Today1D5D1M6MYTD1Y5Ymax

Over the past week, PI has experienced a decline of about 21.48%. This downturn is partly attributed to concerns over upcoming token unlocks, which could introduce additional supply into the market and potentially exert downward pressure on the price. Specifically, 188 million tokens are scheduled for release in March, with a total of 1.4 billion expected to enter circulation throughout the year. bravenewcoin.com

Despite these challenges, there is optimism within the community regarding a potential listing on major exchanges like Binance. Such a development could enhance liquidity and drive demand, potentially leading to a price increase. coingape.com

Looking ahead, projections suggest that Pi Network could reach $8.80 by 2029, representing a potential gain of over 500% from current levels.{CoinCodex}However, it's essential to approach these forecasts with caution, considering the inherent volatility of the cryptocurrency market.

In summary, while Pi Network faces short-term challenges, including potential supply increases and market volatility, the long-term outlook remains cautiously optimistic, especially with prospects of major exchange listings and community support.

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