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A major event will take place with Pi Network in May: Will the price of Pi surge more than we think?
As of now, the crypto market is experiencing a quiet day so far, as the changes in value are small. Most of the top coins are currently alternating between small increases and small decreases. Therefore, the price of Pi Network is generally stable today, showing a daily growth of 0.66%. Pi has also gone through a few difficult weeks, as it has been on a downward trend with a few sudden price spikes. One of the main reasons for this decrease in value is the ongoing unlocking of Pi tokens. However, the sentiment may be reversing as we have predictions for the price of Pi to increase. Does the supply of Pi tokens exceed the demand? One of the biggest issues currently with the Pi network is the increasing number of Pi Token Unlocks. The supply of millions of tokens each day is not met with an appropriate level of demand. Such a relationship between supply and demand is not limited to the crypto market. We can use an example of the relationship in the stock market. When a company starts selling shares, the price of each share will fall accordingly. However, the Pi team can remedy this issue by burning a portion of the 70 billion tokens they hold. This will reduce the supply and even increase demand as news about Pi spreads.
Based on Chart 1, nearly 212 million more tokens will be issued in the next 30 days. Additionally, we see that the average number of tokens that will be issued per day over the next month is close to 7 million. The highest number of daily tokens will be issued on April 30, 2025, with 11,220 million tokens. Therefore, with such an increase in daily supply, the Pi team needs to think of a solution as soon as possible. One solution currently being used by other blockchains is to burn Pi received from various ecosystem fees. What impact will the unlocking of tokens have on the price of Pi Network? Moreover, we can see a significant increase when comparing the number of tokens unlocked monthly from April and the upcoming May. Nearly 98 million tokens will be unlocked in April 2025, and this number will rise to nearly 197 million in May. With the number of unlocked tokens nearly doubling, the selling pressure is likely to increase as well. Additionally, in the coming years, on average, we will see 131 million tokens unlocked each month. Based on the current value of Pi token, this amounts to nearly 80 million dollars per month. Therefore, to manage selling pressure, the Pi token needs a long-term solution. Could Pi be the next big name in cryptocurrency integration? A continuous development may be the answer to this problem. In the past few weeks, we have heard some optimistic news about Pi regarding its expansion and increased adoption. Recently, an announcement revealed that the Chainlink blockchain has integrated 22 new types of cryptocurrencies, including Pi. Another development is the integration of the Pi network into the Ethereum blockchain. Furthermore, the Pi token is now part of the Banxa and Telegram ecosystems, enhancing its accessibility and adoption. How long will it take for Pi Network to reach a value of 1 dollar by 2025? With such positive developments and improved visibility, the price of the Pi network will also start to rise. If the core Pi team begins to burn Pi tokens with updated tokenomics, the price forecast for Pi coin will be very optimistic. In this optimistic scenario, the Pi token will reach 1 dollar by the end of the year. However, for Pi to achieve this price target, the macroeconomic circumstances need to be neutral or optimistic. This is due to the increase in global economic turmoil that could collapse the crypto market.