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ETH 
SHIB Pi Network Token Trend Analysis: Recent Forecasts and Market Trends
Pi Network's native tokens have increased by 11% in the past month, which has recently triggered diversified market forecasts for its price trend. Meanwhile, Ethereum appears ready to achieve significant growth in September, while Shiba Inu (SHIB) may not perform well this month.
PI's next target price
The token has rebounded by approximately 35% from its historical low in July and is currently trading at approximately US$0.095 (Source: CoinGecko). As one of the most discussed cryptocurrencies in the market, many industry participants have closely monitored its recent price performance and made interesting predictions.
X platform user OxNeena pointed out that after a long period of consolidation, the PI is currently stabilizing within the key support range of US$0.09 to US$0.10. If bulls regain the $0.20 mark, they are expected to start a strong upward trend above $0.30.
Nakamoto Files believes that "something seems to be happening behind the Pi Network," while CT News speculates that if the next round of altcoin rotation turns to PI, the currency may rise faster than most people expect. "This sleeping giant may never sleep forever." They added.
In addition, there is growing speculation that the Pi Network team plans to implement a destruction mechanism to boost prices. However, the X platform account BSCN and other users denied this claim.
Ethereum's performance outlook in September
As the second-largest cryptocurrency by market capitalisation, Ethereum has risen nearly 5% in the past 24 hours, once again breaking the psychological barrier of $2,500. Several important factors, including strong demand from institutional investors, suggest further gains could come in the coming weeks.
Data from SoSoValue shows that the spot Ethereum ETF recorded net inflows for 12 consecutive days before suspending inflows on September 2. Momentum quickly returned, and strong inflows increased over the next 24 hours.
The amount of ETH stored on cryptocurrency exchanges is another bullish signal. A few days ago, the number plummeted to about 14.9 million, the lowest level since the summer of 2016. Although there has been a slight rebound since then, the total number is still less than 15 million pieces. This development suggests that many investors tend to avoid centralized platforms, reducing immediate selling pressure.
At the same time, Ethereum's seasonal performance also sends some warnings. Of the past 11 September months, 7 have ended in declines, and there has never been a situation where both August and September have closed higher. Looking back at the last month, ETH's price increase reached 32%.
SHIB's market prospects
Unlike ETH, the self-proclaimed "dogcoin killer" is more likely to underperform in September than to rebound significantly. Worrying signs include the stagnation of Shibarium's activities and a decline in destruction rates.
In addition, September has historically been a poor month for SHIB, closing with negative earnings on three of the past five records. Despite this, there is still a ray of optimism. As early as 2021, August and September ended with positive earnings, which gave the SHIB community hope that history would repeat itself, especially considering that the memin rose 7.5% in the previous month.
