TL;DR
Analysts predict a short-term PI price surge, with targets above $2.
Upcoming token unlocks, though, may set the stage for another correction.
The Bullish Forecasts
Pi Network’s native token – PI – saw the light of day on February 20 when the project finally launched its Open Network. The asset has experienced severe volatility since then, with its price reaching an all-time high of almost $3 more than a month ago and later heading south to as low as $0.68 on March 31.
Despite its turbulence and evident downtrend as of late, numerous analysts continue to envision a bull run in the short term. The X user Crypto King predicted a potential 2-2.5x price increase to around $2 once “the market volume returns.”
MOON JEFF – an analyst who often talks about Pi Network – shared Coincodex’s forecast that PI could soar to $2.73 by the end of this month. The crypto tracking platform also set a massive target of $27 by 2050.
Several days ago, MOON JEFF assumed that PI co
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