Pi Network (PI) Price Surge: Predictions and Outlook Amidst Token Unlock Slowdown

Pi Network (PI) has seen a notable price resurgence in recent days, rising by over 6.5% in the last 24 hours to reach around $0.61. This surge follows a period of downward trend, but the pace of token unlocks is expected to slow after mid-May, potentially easing selling pressure on the cryptocurrency. The latest price action suggests a positive sentiment within the Pi community, with some predicting a further jump in value. analysts attribute this rise to expanding DeFi applications and increasing institutional investments. [Continue with explanation of how the unlocking schedule is expected to impact price]. For example, while PI’s recent performance has seen it outperform leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), some believe a further surge is imminent. The community’s optimism is bolstered by observations from prominent Pi network figures and the increasing volume of tokens being released. [Continue with explanation of specific predictions]. On the other hand, the past few weeks have witnessed substantial PI token unlocks, potentially contributing to the recent price fluctuations. With these releases slowing down after May, a calmer market is anticipated. Despite this slowdown, over 70% of the circulating supply remains in the form of locked mining rewards. [Explain how the unlock schedule will impact price and potential factors influencing the price]. The outlook for PI remains uncertain, with predictions ranging from further growth to more stagnation. This article provides a detailed analysis of recent Pi Network price trends, considering the impact of token unlocks and community sentiment. [Conclude with your summary and insights into future price movement.]**

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