Despite Recent Dips, Pi Coin's Price Stabilizes After Token Unlocks, Showing Resilience and Potential for Long-Term Growth

Pi Coin has been trending downward, recently slipping below key levels like $1. While concerns about the coin's long-term viability continue to grow, several analysts remain positive about its future.

Recent price dips and a massive wave of token unlocks have sparked concerns over Pi Coin's long-term viability, but one long-time analyst says the project is showing surprising strength despite these issues.

As a well-known early supporter of Pi Network, and a frequent poster about the project to his large social media audience—his posts about Pi have reached nearly 40 million people—Dr Altcoin is known for his steady support of the project, and for his honest feedback on the good and bad aspects of the project in his analysis.

However, Dr Altcoin says he’s never been more confident in Pi’s future than he is today.

Why Didn't Pi Coin Crash To $0.30?

Over the past few months, Pi has faced a huge challenge: a massive wave of token unlocks that many feared would send prices crashing.

Dr Altcoin himself previously warned that Pi could fall to $0.30 if the team didn’t act to counter the increasing supply.

And yes, after unlocks began, the price slipped from $0.70 to around $0.60—but then something unexpected happened.

Instead of continuing lower and crashing through key levels of support, the price stabilized.

After discussing the issue with members of the Pi community, it seems the Pi Core Team has been quietly working on a light supply-absorbing strategy to manage the influx of tokens as they hit centralized exchanges.

This move by the team to buy up some of the tokens coming available for sale on exchanges, and the price stabilization that followed, is for many the clearest signal yet that Pi isn’s not just another overhyped crypto—it’s built to last.

Can Pi Coin Hit $314?

Still, there’s no escaping the fact that the community is largely frustrated with the lack of progress in the price, and, perhaps more importantly, with the lack of any real updates from the Pi Core Team.

But the fact that Pi has remained among the top 30 cryptocurrencies by market cap throughout this entire saga speaks volumes about the strength of the user base, and about the potential of this project.

Dr Altcoin, who has been following Pi's journey closely, predicts that the token could still reach a price of $314 in five years' time.

Despite recent setbacks and the long road ahead, Dr Altcoin remains optimistic about Pi's potential for recovery and sustained growth.

Only time will tell if Dr Altcoin’s predictions will come to pass, but one thing is for certain: the Pi community will be following this journey with great interest.