Pi Network price and market performance

Pi Network traded at 1.38 dollars today, losing 0.15%. The daily trading volume fell to 527.7 million dollars, a decrease of 46%. The cryptocurrency saw the highest level of 1.45 dollars and the lowest level of 1.30 dollars during the day. Pi Coin has lost approximately 24% in the last seven days and has experienced a 19% drop since its launch on February 20th.
Are the risks increasing for Pi Coin?
Recently, as interest in Pi Network has increased, the decision of Zito Realty LLC, a major real estate company, to accept Pi Coin as a payment method has strengthened confidence in the market. However, investors continue to maintain a cautious stance due to upcoming large-scale token unlocks.
According to PiScan data, the daily average token unlock is currently at 9.05 billion Pi, with a market value estimated at approximately 18.11 million dollars. The token amounts to be unlocked on March 17 and March 21 are projected to be 23.1 million Pi, $46.27 million, and 23.4 million Pi, $46.88 million, respectively. Additionally, a total of 271.68 million Pi, $543.36 million, will be released in the next 30 days.
This significant supply increase could significantly increase selling pressure and push the price below the $1 level. Investors continue to be cautious in delaying major investment decisions in the face of these developments.
Is there an expectation of a rise?
Despite short-term concerns, market participants continue to closely monitor Pi Coin. Expectations for listing on bnb, in particular, are positively affecting market sentiment. Speculations are increasing for Pi Coin, currently ranked 11th in terms of market value, to be listed on major exchanges like Bnb. It is noted that the leading exchange Bnb previously held a voting event to list Pi Coin, with 86% of the votes in favor. If this listing takes place, a significant price increase in the asset could be seen.
On the other hand, the upcoming Pi Day (14 March) has raised high expectations within the community. It is believed that the Pi Network team may make important announcements on this special day. A famous analyst predicts that Pi Coin could rise up to 3.5 dollars if it maintains the $1.05 support level. In summary, despite the increasing pressure due to the upcoming token launches for Pi Network, developments such as Bnb listing and Pi Day continue to be a beacon of hope for investors..