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## Pi Network Cost Confronts Three Huge Perils on Pi Celebration
As the greatly awaited Pi Celebration nears, Pi Network dwells in a profound downtrend and confronts considerable hazards.
Pi Coin (PI) has previously declined by over 45% since its February summit, granting it a market capitalization of over $11.7 billion and a completely watered-down valuation of $164.35 billion.
This Friday, the globe will observe Pi Celebration, honoring the mathematical constant π, and the token will be in the limelight. Pi Celebration is observed yearly on March 14th, corresponding with the value of π (3.14). This occasion may ignite more curiosity in the token.
Nevertheless, Pi Network confronts numerous prospective hazards that could impact its cost in the coming days. Toncoin (TON) Value Forecast for March 26th
Initially, even though Pi Network has evolved into one of the biggest tokens in the cryptocurrency sector, it has not been preferred by mainstream Tier-1 exchanges. Binance carried out a favored survey concerning the listing of Pi Network but has not verified when it will occur.
Other major platforms, including Gemini, Kraken, Upbit, and Coinbase, have also not listed Pi Coin. Listing on Coinbase and Kraken would unlock the token to the US marketplace, while Upbit would boost its exposure in South Korea.
Secondly, Pi Network confronts a considerable hazard of dilution in the future, as its circulating supply is 7.1 billion, while the total supply is as high as 100 billion. Over 188 million new tokens will be issued this month, and over 1 billion will be issued later this year. Token unlocks are generally deemed pessimistic as they introduce new tokens, steering to dilution.
## Pi Network Cost Has Shaped Two Chancy Configurations
Third, there are indications that the cost of Pi Coin has shaped two chancy configurations, which could steer to more disadvantage in the coming weeks. It has shaped a head and shoulders configuration, which usually steers to more disadvantage. The configuration consists of a head, two shoulders, and a neckline.
Recently, the token shaped a rising wedge configuration, a favored bearish signal.
This configuration is created by a pair of ascending and merging trend lines, and as they get closer to the intersection point, a negative breach could happen. Consequently, there’s a chance of this coin’s value decreasing, and it might even go under the mental mark of $1.
