Pi coin price is one of the hottest topics in the crypto industry. Pi Network has already generated massive hype even before its mainnet launch. However, the users who have accumulated hundreds of Pi coins are now tired of waiting and are looking for ways to cash out some of their holdings.
Pi Network value is anybody’s guess right now, as there are multiple unknown variables involved. 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.
Crypto coins need blockchain networks for their existence and transfers. According to the most recent Pi Network news, its blockchain is still in the enclosed mainnet. This means that the network is being internally tested by the team and is not accessible to the general public yet.
In other news, Pi Coin has announced Coinskro as the runner-up winner for its Q1 Hackathon 2023. The announcement was made via the project’s official Twitter. Nevertheless, the holders are more interested in the Pi coin price than any other news at the moment.
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.
If Pi coin price prediction of $10 puts it among the top 20 cryptocurrencies. This seems to be highly unlikely as Pi Network has yet to show its true potential. Pi blockchain has to incorporate some new and disruptive features to attain such a market cap.
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 May 08, 2023, 08:35 BST 08:35