The Pi Network price predictions are turning bearish as the looming Pi coin unlocks can flood the markets. With over $176 million tokens due to unlock from June to August, the Pi coin price could drop fast. With minimal network utilization, rising coin supply could push prices down. With the current rate of $0.64 holding mostly steady over some time, a drop could send it below the $0.55 range.
Read on to understand the price setup, why whales could trigger a panic, and why Unilabs Finance is probably the better token to invest in.
Pi Coin Relying Heavily on Utility Boost to Overcome Supply Overrun
The Pi Network is trying to make crypto mining accessible on smartphones, avoiding the current energy-intensive process that miners use. Its ecosystem offers a decentralized ecosystem for payments, gaming, and social apps.
However, with limited real-world adoption, there is little user utility to initiate and sustain bull momentum. With over 275 million token unlocks lined up from June to August, there is a strong risk of the coin getting saturated and losing its price point of $0.64.
Pi Network Price Predictions Mainly Bearish
Right now, the price is around the $0.64 range, and it is down by 13% over the past week. The market volumes are also down by around 12%, to $79 million, while 3.03M PI were moved to exchanges. This is usually a sign of rising selling intention from whales.
Technical indicators for the Pi Network are trending towards the bearish side. With all major EMAs showing a resistance range between $0.70 to $0.79 and the RSI also pointing towards weak momentum, there is little room for a positive Pi Network price prediction right now.
Unilabs Finance: DeFi Asset Manager Goes Parabolic In Presales
While investors hope that the Pi coin price doesn’t drop below its existing trading ranges, a new project, Unilabs Finance (UNIL), is smoothly picking up momentum as more investors become more aware of its strong utility features.
The entire Unilabs ecosystem is designed to cater to all diverse investor profiles and strategies in the crypto markets. Unilabs has four distinct fund options, which are designed effectively by top-tier experts in investment and crypto and are supported by AI-driven insights.
Unilabs is the first AI-backed asset management platform that offers tools for trading and investing. Users can invest in its AI-managed investment funds to earn stable returns. Unilabs’ ecosystem will do the work, which makes it easier for busy investors to carry on their lives without needing to hover over charts to ensure capital safety.
With the help of sophisticated AI technology, the Unilabs platform will fulfill its potential to change the way people invest, manage, and optimize their capital. It uses a proprietary Early Access Scoring System to rank projects based on multiple factors, like team credibility, use-case potential, tokenomics, and market sentiment.
This dynamic scoring system simplifies decision-making by presenting clear, data-backed ratings for upcoming crypto projects, giving you the confidence to act quickly.
Conclusion
While Pi Network price predictions rely on a potential increase in adoption and external factors to boost prices, many investors believe that if Unilabs’ presale continues with the current momentum, it might hit the $1 level by the end of the year. That’s why Unilabs Finance (UNIL) is the best altcoin to buy now.
The UNIL token is already eyeing a stage three price of $0.006, which will represent a 50% rally from its stage one price of $0.004.
With its practical use cases and rising popularity, having surpassed the $2M funding milestone, Unilabs is the platform to watch.
For more information about Unilab Finance, visit the links below:
Website: https://www.unilabs.finance
Social: Unilabs Telegram
