Pi Coin Faces Potential Price Slump Amidst Increasing Supply

Recent data suggests a shift in sentiment regarding Pi Coin’s price outlook, with the coin experiencing a 20% drop over the past 48 hours and currently hovering around $0.60. Experts warn that without intervention, prices could plummet further by 35-50% in the coming months, potentially reaching as low as $0.30. The rapid increase in Pi coin supply is a key driver behind this decline. Over 100 million coins are expected to be released in April alone, potentially exceeding 1.5 billion by year’s end. If demand fails to match the surge in supply, price could suffer a substantial dip. Experts urge the Pi Core Team to implement strategies like coin burning to manage excess supply and increase market presence.