Pi coin price remains one of the biggest conundrums for the holders as the coin is still not trading. Many holders want to know the real Pi Network value to calculate the worth of their holdings. The trading of IOU contracts on some exchanges has made things even more confusing.
The current Pi coin price is very hard to calculate as very little information is available on its circulating supply. The maximum supply of Pi coin is 10 billion coins. However, all of these coins are not going to be released at once, and there will definitely be some lock mechanisms in place.
In one of the most recent developments, Pi core team has announced to reveal the roadmap of the mainnet in September. The holders are still not sure what to expect from the upcoming roadmap. Some community members on social media expect a date for the mainnet launch.
However, I don’t have high hopes, and I think the Pi Network mainnet launch is still very far away. While the team is actively inviting new projects to the Pi ecosystem on social media, still very little information is available on the underlying tech. The delay in the mainnet launch has intensified the speculation on Pi coin price.
While you may speculate on the Pi Network by trading IOU pairs on different exchanges, there’s still a catch. These exchange pairs are not based on real Pi coins but just derivatives. The real coins are still not listed on any major exchange.
In case of a little circulating supply, Pi coin price prediction can be bullish for the short term. However, due to the 10 billion supply, any price higher than a couple of cents won’t be sustainable in the long run.
In the meantime, you can also follow me on Twitter, where I share my personal trades and real-time outlook on the Pi Network.
This post was last modified on Sep 04, 2023, 09:47 BST 09:47