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.
According to the latest Pi network news, the project has 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.
In other news, Pi Coin mainnet is still not live yet, and the coin is not listed on any crypto exchange. The available trading pairs on Houbi and a few other exchanges are only the IOU contracts which cannot be transferred out of the exchange as real coins. The real Pi coin price is still unknown as its network is in its enclosed mainnet.
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.
Therefore, Pi coin price prediction of anything above $1 appears to be inappropriate at this stage. A much better prediction can be made once the network is launched and the real coins start to trade on crypto exchanges like ByBit, where I personally trade cryptocurrencies. If you’re holding Pi coins then it might be a good idea to signup on ByBit crypto exchange to be prepared for trading.
If you are eagerly waiting to sell your Pi Coins, then you are welcome to join my free Telegram channel, where I’ll keep you posted about all the latest developments in Pi ecosystem.
This post was last modified on Jun 09, 2023, 09:15 BST 09:15