Pi coin price has become one of the most debatable topics in the crypto industry. Many holders who have accumulated thousands of Pi coins want to know the current Pi network value. This question has made even industry veterans scratch their heads, as there are many unknown variables involved.
Pi Network value, just like the price of any other coin depends on the demand and supply. However, the total supply of Pi coin is still unknown to the general public. So the real Pi coin price will be only determined once the mainnet is launched. To predict the price of any cryptocurrency, you need o know the total number of coins in circulation and its total supply.
As per the latest Pi network news, the project has announced Pi Open Source software license. The initiative will encourage the developers to share their code and collaborate with each other to accelerate development.
In other news, the project has recently launched a web3 social platform called Fireside Forum. As per the Pi coin official Twitter account, the newly launched platform will foster healthier social interactions while integrating the tokenomics into its core. Despite all these developments, the Pi mainnet blockcahin remains in its enclosed beta.
Millions of users are currently mining Pi coin on their mobile phones. Therefore, it is safe to assume there are currently hundreds of millions of coins that have been mined. Due to this reason, the Pi coin price is unlikely to exceed $1, as even this price target will put its market cap close to $1 billion.
A more accurate Pi coin price prediction can be made once its network fully launches and we know the exact circulating supply. For only then the real coins will start trading on crypto exchanges. In the meantime, I’ll keep sharing my updated price prediction of Pi and other coins on my Twitter where you can follow me.
This post was last modified on %s = human-readable time difference 13:30