$PI You can stock up now

The price of the Pi Network is showing some positive indicators today, including increased trading volumes. This coincides with today, April 27th, which is the same date the Pi Core team announced as the last day to update the protocol 22. Is it plausible that these traders are buying the coin in anticipation of a price increase after the update? And if so, how high could Pi Network's price go? Ad Protocol 22 update drives momentum Trading activity around Pi (PI) has increased. Within 24 hours, the amount of Pi coins traded, whether bought or sold, jumped by 62%. However, this does not determine whether traders are sellers or buyers. Meanwhile, the price of Pi (Pi Network) decreased by 0.42% to reach $0.35. The main reason for the price decline is what is known as "selling psychology upon news release." When traders expect the price to rise, they start buying early. As the event approaches, they begin selling to take profits. As CoinGape previously mentioned, it was a good time to buy Pi Network after the update was announced and the user base increased. But now, if the positive expectations generated by the update fade, some users might send their coins to trading platforms. However, the amount sent to trading platforms is much less than the amount sent from them. PiScan shows that over 24 hours, 5.2 million PI tokens were sent to trading platforms, while 6 million PI tokens were sent from them. This means an additional 800,000 PI tokens are being sent. 📈🌋❤️❤️❤️❤️❤️💫

I just noticed that PI is becoming a major focus of the market lately. The current price is around $0.18, a slight increase from the February closing level of $0.17. Interestingly, the positive market sentiment toward PI is now ranked second highest according to data from CoinMarketCap, compared to other well-known altcoins like XRP, ADA, and ETH. The main reason behind this surge is what Pi Network has achieved over the past few months. In February of last year, the team launched the official open network, a pivotal milestone that made PI accessible to the general public and allowed exchanges to list it for trading. Additionally, they celebrated the first anniversary of this milestone with the announcement of several major updates. One of the most significant developments is the completion of protocol version 19.6, meaning version 19.9 is the final step before the long-anticipated version 20. The team warned that nodes need to update immediately, as outdated versions will no longer be able to participate in the network. Shortly after, they launched the long-awaited ecosystem token design, a framework to ensure that new tokens on the Mainnet are linked to real utility rather than speculation. Interestingly, co-founders Chengdiao Fan and Nicolas Kokkalis responded to questions about the controversial KYC process, the organization’s entry into the AI sector, and other intriguing topics. Currently, community attention has shifted to March 14, Pi Day, which resembles the value of pi π (3.14). The team celebrated this day last year by expanding the ecosystem, but it’s still unclear what plans they have for this year. However, there are some concerns. Data shows that the unlocking of PI tokens will be quite aggressive in the coming weeks, with March 7 marking a peak when nearly 21 million coins will be released. This large unlock does not guarantee a price drop but does present an opportunity for some investors to sell assets they have been waiting for. Another notable point is that the amount of PI stored on centralized platforms has been steadily increasing, currently around 435 million tokens. This trend is considered negative because the rising supply on exchanges increases the likelihood of large-scale sell-offs. PI may face short-term downward pressure from supply-side factors, even though the community remains highly optimistic about long-term development.