Pi Coin (PI) Price Prediction: May Fall 35% to 50% Due to Increasing Token Supply

This month alone, over 100 million new Pi tokens are released, causing price pressure to drop further.

Crypto analyst Dr Altcoin predicts that Pi Coin may fall 35% to 50% further as new tokens continue to exert strong pressure on the price.

This month alone, over 100 million new Pi tokens will be released, and this year, more than 1.5 billion new coins will come into circulation.

However, with low demand due to limited access on major exchanges, the crypto behemoth may continue to drop.

In the last two days, Pi Network’s price has dropped almost 20%, almost erasing the maximum gain it made after surging back from its lowest-ever price of $0.38.

Right now, Pi is trading around $0.61, which is nearly 400% lower than its all-time high.

But some experts say the price could drop even more — maybe by 35% to 50%. Let’s see why they think this might happen.

Why Is Pi Coin Dropping Continuously?

Popular crypto analyst Dr. Altcoin says that Pi Coin is on the verge of falling even more, perhaps 35% to 50% lower than where it currently stands.

According to him, the main reason for this is that too many new Pi tokens will be released into the market.

This month alone, over 100 million Pi coins will be released. Throughout this year, more than 1.5 billion new coins will come into circulation. However, with not enough people buying Pi and the price continuing to drop, it might fall further.

Dr. Altcoin also warns that if the Pi Core Team doesn’t do something to stop the supply from growing, the price could drop all the way down to $0.30 in the next few months.

On the other hand, if they manage to increase demand, maybe by listing Pi on Binance, there’s a chance the price could go up again and reach $1 by the end of the year.

But overall, he thinks the chances of the price going down are higher right now.

Too Many Tokens, Not Enough Buyers

Other experts agree, saying that this is basic supply and demand. When there are more coins to sell, but not more people to buy them, prices go down.

Right now, many people can’t even buy Pi Coin because it’s not listed on big exchanges like Binance or Coinbase, so the demand is still low.

What’s the Possible Solution?

Some experts suggest that the Pi Foundation could burn some tokens to reduce the supply. Right now, the team holds over 70 billion Pi coins, and burning even a small part could help support the price.

Another idea is to burn some of the transaction fees collected from Pi’s app ecosystem, like other blockchain projects already do.

This way, the ecosystem would generate value to support the token price.

Recently, the price of Pi Coin has dropped significantly due to the massive influx of unlocked Pi tokens, pushing the token's price down. In the last two days alone, it lost 20% of its value after failing to move above the strong resistance level at $0.78 last week.

As seen on the 1-day price chart, Pi Coin is seen forming a “falling wedge pattern,” which usually indicates that the price will continue to fall. If this trend persists, the coin could drop to $0.402, its lowest point this month.

However, if Pi Coin manages to break above the $0.78 level, it might start a new uptrend and could even reach $1.