Pi coin price speculation is on the rise despite the project still being in an enclosed mainnet. Millions of ‘pioneers’ who have been mining the cryptocurrency on their Pi Network app are eagerly awaiting the release of the mainnet.
After accumulating Pi coins yearly, some of these enthusiasts now want to cash out their holdings. What is the point of mining something that is worthless? This is the question that is in the mind of every Pi network user, and hence they want to know the current value of Pi coin.
While the Pi Network team can be seen running many social media promotions and hackathons, the date for the mainnet release is yet to be revealed. This has led to speculation on the price on different exchanges and across the p2p markets. However, this speculation can’t be considered the true value of the cryptocurrency, which hasn’t been launched yet.
Any accurate Pi coin price prediction can’t be made before the mainnet release, as the exact circulating supply is not known. If the circulating supply comes out to be in the tens of millions, don’t expect the price to exceed $1. It is logical to assume a very high circulating supply due to millions of users mining the digital asset.
As of today, the exact worth of Pi Network has not been officially revealed by the project. It appears that the project wants to keep milking the strong traffic that the app generates for a long period of time. The real coins will be only generated once the mainnet goes public.
It is also worth mentioning here that the current price on different exchanges shouldn’t be taken as an authentic Pi coin price prediction. In order to accurately assess the price of your coins, you need to wait for the Pi blockchain, which is still under testing and development.
In the meantime, you are also welcome to follow me on Twitter to keep track of my personal trades and the upcoming 1000x Gems.
This post was last modified on Jul 13, 2023, 11:09 BST 11:09