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Why a Major Exchange Listing for Pi can Only be Expected After 24 March!
If you are hoping that Pi day is going to shower millions on your coffers, let me warn you, it is only going to be another day. We can expect some major announcements, and the prices may shoot up. But it is unlikely that there will be a major exchange announcement, that will cause the prices to soar.
This is mainly because the Pi network is currently busy unlocking its coins on gradual phases. They are unlocking over 2.8B Pis within 30 days according to information available on Piscan.io. Only a handful is given to exchanges at the moment for trading, and because of that, Pi’s price fluctuations might endure such a massive inflow. Hopefully, we won’t see the coin fall below a $.80 mark. But an average unlock of 9.3M coins is happening every day. If you saw Pi’s price struggling to soar back to its above-$2 mark, this is the reason why. From an investor’s perspective, this is a great period to buy.
According to Piscan.io, March 23 will see an unlock of 14M, and from there onward, the average daily unlock would reduce to an average of 4.4M per day, with the highest falling on March 31 and April 4 with 7.9M coins unlocked on both days. As the volume of coins unlocked are less after March 23, we can assume that this could be a sensible time for big exchanges to step in (Maybe after April 4, when the 30-day streak ends).
An exchange of Binance’s scale would surely demand over $2B coins (a fair guess) to be infused into their exchange. The current set-up of careful release in phases will see that new Pi-holders are fairly treated, while safeguarding the network’s price from nosediving because of their urge to sell.
After the open network launch on February 20, we saw the prices dipping due to heavy selling pressure. Later, it bounced back to even $3. So, when the new paper-hands are out of the equation, and risks on a major sell-off again post listing due to pioneers are safely thwarted, the exchange listings can be expected to happen.
(Opinions are personal. Please do your own research before investing.)
#pi #PiCoreTeam #Binance #BTC #WhaleAccumulation
This is mainly because the Pi network is currently busy unlocking its coins on gradual phases. They are unlocking over 2.8B Pis within 30 days according to information available on Piscan.io. Only a handful is given to exchanges at the moment for trading, and because of that, Pi’s price fluctuations might endure such a massive inflow. Hopefully, we won’t see the coin fall below a $.80 mark. But an average unlock of 9.3M coins is happening every day. If you saw Pi’s price struggling to soar back to its above-$2 mark, this is the reason why. From an investor’s perspective, this is a great period to buy.
According to Piscan.io, March 23 will see an unlock of 14M, and from there onward, the average daily unlock would reduce to an average of 4.4M per day, with the highest falling on March 31 and April 4 with 7.9M coins unlocked on both days. As the volume of coins unlocked are less after March 23, we can assume that this could be a sensible time for big exchanges to step in (Maybe after April 4, when the 30-day streak ends).
An exchange of Binance’s scale would surely demand over $2B coins (a fair guess) to be infused into their exchange. The current set-up of careful release in phases will see that new Pi-holders are fairly treated, while safeguarding the network’s price from nosediving because of their urge to sell.
After the open network launch on February 20, we saw the prices dipping due to heavy selling pressure. Later, it bounced back to even $3. So, when the new paper-hands are out of the equation, and risks on a major sell-off again post listing due to pioneers are safely thwarted, the exchange listings can be expected to happen.
(Opinions are personal. Please do your own research before investing.)
#pi #PiCoreTeam #Binance #BTC #WhaleAccumulation
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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