PI network prices soared over 9% today

The price of PI Network soared more than 9% today, which is consistent with the overall recovery trend of the cryptocurrency market. In addition, this rise is also consistent with market expectations.

On Tuesday, the price of PI Network rose by more than 9% due to the overall recovery of the crypto market. The cryptocurrency's trading activity has also increased recently, with daily trading volume down 37% to $298.5 million.

PI Network coin price soars: future outlook?

In the past 24 hours, the price of PI Network has risen 8.7%, reaching $0.59 as of press time. Daily trading volume also fell 36.8% to $298.5 million.

In addition, the cryptocurrency price has fluctuated between $0.5375 and $0.6102 in the past 24 hours, reflecting the fluctuations in the market.

However, the rebound shows that market participants are regaining confidence in the asset. The low unlocking volume of PI coins this week has further boosted investor sentiment, which may help the recent currency price trend.

Quick view of PI Network unlocking situation

Piscan data shows that an average of about 1.5 million PI coins will be unlocked before April 11. In the next 30 days, the day with the highest unlocking volume will appear on April 18, with approximately 9.8 million PI coins, worth approximately US$5.7 million at the current price.

It is worth noting that the data also shows that a total of 160.74 million PI coins will be unlocked in the next 30 days, worth approximately US$93.77 million.

In view of this, experts recommend that the core PI team destroy coins to alleviate market concerns about the influx of large PI coins.

Therefore, if the team successfully destroys some of the coins or issues any major announcements, it may trigger a strong increase in the currency price. In addition, the widespread adoption of PI Network has further enhanced investor confidence.

Future market prospects?

Against the backdrop of a continuous rebound, a senior expert said that the price of PI coins is expected to hit a new historical high and stimulate market optimism.

Famous crypto analyst Moon Jeff predicts that the price of PI Network will rise to $3 in June. This optimistic forecast was made in a turbulent market environment, with the price of PI coins continuing to fall since February 27.

Despite the bearish trend, Moon Jeff remains confident that he believes that PI will rebound and break through resistance once global trade tensions ease. The analyst believes that the PI Network coin price has huge potential and may even surpass the current all-time highs.

The optimistic forecast of the respected analyst may attract more attention to PI coins and drive up its price. But it must be noted that the cryptocurrency market is known for its volatility, so be cautious about such bold predictions.

Investors will closely monitor whether PI coins can maintain their rebound and break through new price ranges in the coming months, which will verify the accuracy of Moon Jeff's predictions.

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