Pi Network (PI) Price Prediction: Can PI Continue Its Strong Momentum or Do Other Altcoins Offer More Potential?

Pi Network (PI) has seen its price fluctuate unpredictably on launch, as early excitement quickly gave way to sharp corrections that were then met with renewed investor interest.

Pi Network (PI) has seen its price fluctuate unpredictably since launch, with early enthusiasm quickly giving way to sharp corrections that were then met with renewed investor interest.

After reaching triple digits in March, the token’s price dipped below the $0.7 mark by May 17th. This downturn occurred despite the introduction of Pi Network Ventures, a $100 million initiative by the project to encourage startups and established businesses to integrate PI into their products and services.

Announced earlier this month, the initiative saw the token’s price skyrocket, rendering a 146% gain in a seven-day period.

However, the sustained bullish momentum could be running out, as the project is yet to make the long-anticipated move to a more decentralized ecosystem.

According to Lord Drey, a crypto expert, Pi Network is currently “extremely centralized”, with the project’s core team members holding 89 billion PI out of the total 100 billion tokens.

The expert believes that PI can see significant growth as it gradually adopts decentralization and embraces open-source transparency.

“The project is becoming more decentralized over time, and they are also making efforts to become more transparent,” said the expert.

Technical analyst Moon Jeff believes PI is on track to reach a new all-time high, expecting it to burst past the $1 mark in the short term and climb above $3.2 in the long run.

I have seen this chart before. $PI has a programmed chart. The pattern will definitely rhythm.

I am even more bullish than ever. #PiNetwork pic.twitter.com/X2pC1mmV1C— Moon Over Pi (BTC) (@MoonOverPi) May 16, 2024

The analyst noted that increasing whale activity could push the token’s price upward if momentum is sustained.

PI’s current Relative Strength Index (RSI) of 49.96 supports the bullish sentiment, as it is a long way from reaching overbought territory, which often indicates there’s room for rapid growth.

However, one token that could be poised for even bigger gains is Best Wallet Token, which is seeing huge inflows into its presale.

Best Wallet Token Presale Surpasses $12.5M As New Round Of Funding Begins

As the upcoming native token of Best Wallet, which is one of the fastest growing crypto apps, Best Wallet Token is generating positive forecasts and bringing in millions of dollars in presale investment.

Best Wallet has quickly become one of the most popular Web3 wallets, offering complete anonymity, all major chains, a built-in DEX and even a crypto launchpad.

BEST token will provide users with several perks, including lower transaction fees, higher staking annual returns, and governance rights.

Presale expert Alessandro De Crypto believes the token has a solid chance to outperform established tokens, potentially including PI, anticipating a 100x surge for BEST on launch. It’s presale has raised over $12.5 million so far with the token launch expected later this year.

Since BEST’s per-token price will only increase as the presale reaches funding milestones, its current price of $0.025055 represents an attractive entry point, making this an ideal time to invest.