The cryptocurrency markets experienced a wild start to the new year, with BTC surging by almost ten grand to a two-month peak of $98,000 before it was stopped. Many altcoins posted even more impressive gains mid-week but have failed to double down.<\/p>\n
Pi Network\u2019s native token, though, cannot say the same. It has been stuck in consolidation for several weeks, without any clear indication whether it will be able to break out of the $0.20 and $0.22 range. As such, we decided to ask ChatGPT what is needed for PI to finally move out of this rather dull trading zone.<\/p>\n
The Core Team behind the controversial project already released<\/a> its first major update for the year, which promises to slash the needed time for PI payment integrations under ten minutes. However, it failed to impact the underlying asset.<\/p>\n ChatGPT believes there\u2019s reason to this (lack of) madness. First, it said supply overhang is crushing the momentum. Unlike most other liquid altcoins, PI is dealing with heavy unlock pressure. As more tokens become transferable, any upside attempt quickly runs into selling from early participants who had waited a long time for their assets.<\/p>\n Data from PiScanUnlock shows that over 4.5 million tokens on average will be freed in the next 30 days, which is expected to intensify the immediate selling pressure.<\/p>\n ChatGPT also said there are no external capital inflows. Most altcoin rallies have been fueled by new capital rotating out of BTC, but PI remains largely isolated. Lastly, the AI noted that the ecosystem growth hasn\u2019t translated to price gains.<\/p>\n The AI solution believes PI will \u201crequire one or more major catalysts, not just routine updates\u201d to break out of the $0.20-$0.22 range. It listed a clear, unavoidable use case that creates real demand, such as at least one of the following:<\/p>\n Large-scale merchant adoption using PI as payment Second, ChatGPT outlined liquidity expansion beyond the Core Community. This doesn\u2019t necessarily mean a listing from a big exchange, such as Binance or Coinbase, but it requires capital from outside the PI ecosystem.<\/p>\n Lastly, the AI solution said PI needs a supply narrative shift as markets respond to strong changes in such dynamics. If the Core Team introduces slower unlock schedules, long-term lock incentives, or deflationary mechanics, then even modest demand can suddenly have a much larger price impact.<\/p>\n The post Why Is Pi Network\u2019s Price Stuck? AI Reveals the 3 Things PI Needs for a Rally<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The cryptocurrency markets experienced a wild start to the new year, with BTC surging by almost ten grand to a two-month peak of $98,000 before it was stopped. Many altcoins posted even more impressive gains mid-week but have failed to double down. Pi Network\u2019s native token, though, cannot say the same. It has been stuck […]<\/p>\n","protected":false},"author":0,"featured_media":127892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-127891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/127891"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127891"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/127891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/127892"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}So, What Do You Need, PI?<\/h2>\n
\nA widely used PI-native application that requires the token to function
\nNetwork mechanics that reduce circulating supply (burns, locks, staking)<\/p>\n