Pi Coin Aims for a 50% Rise as Pi Network Explains Tokenomics

The native cryptocurrency of Pi Network, PI, is out of the sight of enthusiasts who have waited many years for its launch. Since reaching an all-time high of $2.99 on February 26, PI has fallen nearly 80%, but now it seems to be making a comeback. Technical indicators suggest a 50% increase in the near future, and recent price action indicates that this currency may be preparing for a positive reversal. Amid this development, Pi Network has shared detailed information about the updated tokenomics, reinforcing its long-term vision. According to the 2021 Whitepaper and recent updates, the maximum supply of Pi is capped at 100 billion tokens. Of this, 65% is allocated for community mining, 10% for the platform, 5% for liquidity, and 20% for the core team. These allocations are adjusted according to the migration rate of users, maintaining the ratio over time.

On April 17th, the price of PI broke through a key resistance level, effectively reversing the decline that had occurred since the beginning of March. This increase was followed by a bullish indicator typically associated with trend reversals, the “rounded bottom” pattern on the daily chart. This optimism is supported by the Money Flow Index (MFI), which has risen to 67.47 and shows that buying pressure is increasing. If this continues, PI may surpass the 20-day EMA, which could lead to higher prices. The MACD indicator has also turned positive. This implies that the 12-day EMA has crossed above the 26-day EMA, a typical bullish signal. If this trend continues, PI could increase by 50%, potentially reaching about $0.96, coinciding with the important Fibonacci retracement level (0.786). However, traders need to be cautious. PI may fall to 0.40 dollars if it loses momentum or if the EMA turns back to a bearish position. New price strength, transparent tokenomics, and increasing community activity could lead to a short-term price increase. Risks still exist, especially in this uncertain market environment, but most Pioneers and traders are closely watching whether PI can complete its bullish setup.