Pi Network generates a lot of tune in the world of encryption recently, and for those who watch it, the question arises: Is it the time to buy PI? There is increasing speculation that the prices are about to move, and many experts believe that the PI is about to increase large prices.
However, PI saw a dramatic decrease after increasing a large price. At a price currently at $ 1.79, it decreased by 40 % of its peaks of $ 2.90, and more than 22 % decreased in the past 24 hours. Despite the sharp decrease, there are speculation about future developments such as the launch of the upcoming Mainnet, KYC, and potential exchange lists such as Binance or Coinbase. If PI can recover $ 2.20There is a possibility to bounce to $ 2.80+, but a decrease less than $ 1.50 can lead to more declines.
Pisces accumulation: a strong indicator
The accumulation of whales is a major factor indicating that the price of Coin may be about to collapse. Modern data on the series shows that adult holders (whales) quietly accumulate PI in large quantities. When you buy whales one of the assets, it often indicates its confidence in the future price. Historically, this type of accumulation precedes an increase in prices, as these investors are preparing for sale at higher prices in the future.
Pisces also helps promote market morale. When adult investors show confidence in the PI, it can create a feeling of FOMO (fear of loss) among retailers, pushing prices up.
Bitcoin effect on the market
Bitcoin price movements often determine the entire cryptocurrency market tone. If Bitcoin shows strength, it can withdraw altcoins like Pi Coin as well. With the appearance of Bitcoin currently a positive momentum, there is a strong possibility that Coin Pi follows up. A mixture of Bitcoin power and the Pi growing ecosystem creates the ideal conditions for increasing prices.
