I had mentioned in one of my previous posts, how after 24 March, the prices will shoot up again. This was based on the info available on Piscan.io about the number of coins unlocked on a daily basis. There was a massive respite after 24 March, and further ease after April 6. But according to the updated charts, there is heavy load of coins to unlock, in the range of 2-5 Million coins every day for the next 30 days as well. Meaning there will be no immediate relief to the selling pressure. Unless there is a massive update on any new dApps releasing, or any other strong utilities, Pi will struggle to cross $1 mark again. It might even plummet down to $0.60 mark soon. Because there are quite a lot of coins to be unlocked as well. It will be interesting to see what moves PCT will make in the coming days. Unless there is a massive liquidity to lean on, the locked coins will not be able to hedge stability for longer periods.
#pi #PiCoreTeam #Binance #votetolisttobinance $BTC $SOL $ETH
