The Pi Network's price has been experiencing significant fluctuations recently. After a sharp drop of over 20%, the price fell below $0.90, with resistance levels identified at $1.20 and $1.50-$1.80. If the price breaks below $0.80, it could decline further to $0.60.
However, some experts suggest that the Pi Network could rally back to $3, citing factors like potential exchange listings, merchant partnerships, and ecosystem advancements. The introduction of Pi-based domains and growing adoption might also contribute to its recovery.
The market sentiment remains mixed, with concerns about delays in the mainnet launch and exchange listings. If you're following Pi Network closely, it might be worth keeping an eye on these developments.
And one more thing, If Pi network will enter the ETF market...
If Pi Network were to enter the ETF market, it could potentially boost its price and credibility significantly. Analysts suggest that an ETF approval by the SEC could lead to increased inflows and validate Pi Network as a legitimate cryptocurrency. This move might also quell concerns about its legitimacy, as ETFs often attract institutional investors.
Pi Network's large market cap and liquidity make it a strong candidate for ETF consideration. However, no application for a Pi ETF has been made yet. If approved, it could lead to a surge in Pi's price, with some predictions suggesting it might even reach $100 in the long term.
However, some experts suggest that the Pi Network could rally back to $3, citing factors like potential exchange listings, merchant partnerships, and ecosystem advancements. The introduction of Pi-based domains and growing adoption might also contribute to its recovery.
The market sentiment remains mixed, with concerns about delays in the mainnet launch and exchange listings. If you're following Pi Network closely, it might be worth keeping an eye on these developments.
And one more thing, If Pi network will enter the ETF market...
If Pi Network were to enter the ETF market, it could potentially boost its price and credibility significantly. Analysts suggest that an ETF approval by the SEC could lead to increased inflows and validate Pi Network as a legitimate cryptocurrency. This move might also quell concerns about its legitimacy, as ETFs often attract institutional investors.
Pi Network's large market cap and liquidity make it a strong candidate for ETF consideration. However, no application for a Pi ETF has been made yet. If approved, it could lead to a surge in Pi's price, with some predictions suggesting it might even reach $100 in the long term.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.