Pi Network has recently generated a lot of buzz in the crypto world, and for those who keep an eye on it, the question arises: is the time now to buy Pi Coin? There is a growing speculation that is about to move the prices, and many experts believe that Pi Coin is about a big price.
Pi, however, has seen a dramatic decrease after a huge price. Currently priced at $ 1.79, it is 40% lower than its peak of $ 2.90 and more than 22% has crashed over the past 24 hours. Despite the sharp decrease, there is speculation about future developments such as the upcoming Mainstet launch, KYC discharge and potential exchange lists such as Binance or Coinbase. If Pi $ 2.20 can reclaimThere is potential for a bounce of up to $ 2.80+, but a drop below $ 1.50 can lead to further decreases.
Whale accumulation: a strong indicator
Whale accumulation is a key factor that suggests that the price of Pi Coin is about to be an outbreak. Recent data on chains shows that large holders (whales) quietly accumulate the Pi-Munt in considerable quantities. When whales buy an active, this often indicates their confidence in the future price. Historically, this type of accumulation precedes a price die, because these investors are preparing to sell at higher prices in the future.
Whale activity also helps to stimulate market sentiment. When great investors show trust in Pi -Munt, this can create a feeling of FOMO (fear of missing) at retail investors, who drives prices even higher.
Bitcoin’s influence on the market
The price movements of Bitcoin often set the tone for the entire cryptocurrency market. If Bitcoin shows strength, it can also pull altcoins like Pi Coin up. With Bitcoin who currently shows a positive momentum, there is a strong opportunity that Pi Coin will follow the example. The combination of the power of Bitcoin and the growing ecosystem of PI creates the perfect conditions for a price die.
Credit : coinpedia.org
