The price of Pi Network can jump 365% if these four things happen

PI Network price crashed almost 80% from its highest level in February, over $ 9.4 billion because the market cap falls from $ 13.8 billion to $ 4.4 billion.

PI coin (Write) Token trading $ 0.6360, a level that held from 15. April. He rejected from 11. the largest cryptocurca at 31. place.

At least four things must happen that the price of PI network recovers and reaches its all the time.

What should happen for the price by PI to recover

First, the cryptocurrency market should recover from the current bear market. Historically speaking, most Altcoina is doing well when Bitcoin (Btc) grows. For example, most Altcoin reached their multi-legged or perennial height in November in November, because Bitcoin rose.

Second, the team of Pi Netlessers should deal with their tokenomic, who contributed to her lasting sale. The key concern is that the network will unlock over 1.5 billion tokens in the next twelve months. The average monthly unlock is 130 million tokens, who are currently worth $ 83 million.

Tim tried to deal with these issues involved Tokenomy issues. However, the statement showed that most of all PI tokens control insiders, raising risks of a Mantra-like collapse.

The basic team of PI network awarded 20 billion tokens, while the Foundation has 10 billion tokens. Another 5 billion tokens was awarded, which means that the team controls 35 billion them. On the other hand, millions of pioneers are awarded 65 billion tokens.

Third, PI network price can recover for record high if the exchange of Tier-1. Most PI Coin trading happens in the Gate, Bitget, OCCS and MEXC. Covered to the list of Tier-1 exchanges, such as bynance, coinbase, Kraken and Upbit, would start a short grip.

For example, Kaito pricewhile Stakeston and Valletconnect Tokens increased by 20% and 27% after exchanges. Orca Price has increased by over 200% after his inquiry.

In addition, the token could be overprinted if its ecosystem expands, development that will create a network utility.

PI Network price analysis price

The four-hour chart indicates that the PI billing price is moving aside in the last few weeks. It is consolidated at the average average of 50 periods, while the average real range, a popular indicator of instability, strayed.

PI Network price formed a double bottom sample, with your neckline to 0.7857 USD, the highest level this month. Therefore, the coin will probably refuse and re-recorded key resistance to $ 1, more than 58% above current level. The fall below the double bottom can undo the Bullish look.