Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
A closer look at PI’s price performance and what might be coming next for ETH and SHIB this month.
ByDimitar Dzhondzhorov
Pi Network’s native token has soared by 11% over the past month and has recently drawn mixed price predictions.
Ethereum seems ready to post substantial gains in September, while Shiba Inu may not fare so well this month.
PI’s Next Targets
The token has rebounded by roughly 35% from its July historic bottom and currently trades at around $0.095 (per CoinGecko). It remains among the most discussed cryptocurrencies, and, as expected, many industry participants have paid attention to its recent price performance and made interesting predictions.
X user OxNeena noted that PI is holding a key support zone around $0.09-$0.10 after a long consolidation, envisioning a massive uptrend above $0.30 if bulls reclaim $0.20.
Nakamoto Files argued that “something is moving behind the scenes” at Pi Network, while CT News believes that if the next altcoin rotation reaches PI, the coin could climb much faster than most think.
“The sleeping giant may not stay asleep forever,” they added.
Meanwhile, there has been growing speculation that the team behind Pi Network intends to implement a burning mechanism that could positively impact the price. However, the X account BSCN and other users rejected the development.
ETH in September?
The second-largest cryptocurrency jumped by nearly 5% over the past 24 hours, once again exceeding the psychological $2,500 mark. Some important factors, including strong demand from institutional investors, suggest that the coming weeks may deliver further gains.
Source: cryptopotato.com