PI price prediction: Is the $314 target feasible within the next 5 years?

Although recently, Pi Coin has been maintaining a downward trend and has even lost important milestones like 1 USD, some analysts still hold an optimistic view about the long-term potential of this cryptocurrency – despite the growing concerns from the community about the sustainability of the project.

Although the price continues to fall and the patience of the community is gradually wearing thin, Pi Network still shows surprising vitality, according to Dr. Altcoin – a veteran analyst and supporter since the early days.

Known for his honest perspective throughout the development of Pi, Dr. Altcoin asserts that he has never felt more confident in the future of the project than he does now.

Why doesn't Pi fall to 0.3 USD as predicted?

In the past few months, Pi has undergone a major test as it faced a massive wave of token unlocks – something that many fear will cause the price to plummet disastrously. Dr. Altcoin himself warned that if the development team does not take timely action, the price of PI could fall deep to around 0.3 USD.

And just as predicted, when the unlocking period began, the price fell from around 0.7 USD to 0.6 USD. But the surprising thing is: Pi did not collapse; instead, the price started to stabilize again.

PI Price Chart | Source: CoinGeckoThe reason is believed to be due to the PI Core Team secretly intervening with a strategy to absorb supply - in order to regulate the amount of tokens being introduced to centralized exchanges. This strategy has proven effective, helping to hold the price of Pi at a stable level. For many, this is the clearest sign that Pi is not a "bubble" project full of unrealistic expectations - but is being built to exist long term.

Can Pi Coin reach the milestone of 314 USD?

Of course, not everything is rosy. The Pi community still expresses disappointment with the current price and especially with the lack of updates from the development team. However, the fact that Pi maintains its position in the top 30 cryptocurrencies by market capitalization shows the project's resilience – as well as the loyalty of its large user base.

Dr. Altcoin, whose analyses on Pi have reached over 40 million views globally, believes that Pi is still in its early stages. He not only maintains his belief but also reaffirms his bold prediction: Pi Coin has the potential to reach 314 USD within the next 5 years.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should thoroughly research before making any decisions. We are not responsible for your investment decisions.

Itadori