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Pi Network Price Stability: $0.40 Floor Likely as Core Team Controls 90% of Supply
Pi Network Price Stability: $0.40 Floor Likely as Core Team Controls 90% of Supply
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network's price has declined steadily from its all-time high (ATH) of $2.79 to approximately $0.49, raising concerns among holders and miners. Analyst Dr. Altcoin predicts a likely floor at $0.40, attributing this stability to the Pi Core Team's control over 90% of the token supply.
This concentrated ownership enables strategic regulation of market inflows. A drop below $0.40 could harm Pi's market perception and potentially remove it from the top 30 cryptocurrencies—a scenario the team aims to avoid through controlled token unlocks or strategic announcements.
Market stability extends beyond trader sentiment. Maintaining the $0.40 threshold is crucial for preserving Pi Network's ecosystem value and sustaining investor confidence.
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