The Pi Network is exceeding expectations. After a turbulent start marked by a sharp price drop, the token has rebounded, reaching a new all-time high near $3 yesterday. Even as the broader crypto market faces downward pressure, Pi Coin has shown resilience. Moreover, if the current circulating supply estimate is confirmed, Pi Network could soon be ranked among the largest altcoins.
This surge in popularity has fueled bold predictions, with some claiming that Pi could soon reach $10, several hundred dollars, or even $1,000. But while the project shows promise, it’s crucial to remain grounded. In this article, we analyze how high Pi coin can realistically climb and what investors can expect.
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Price Action in Recent Days
Pi Network’s long-awaited mainnet launch was met with initial selling pressure as early miners rushed to cash in their tokens. This led to a dramatic price drop of over 60%, bottoming out at around $0.615. Liquidity issues further complicated trading, and the market faced additional turmoil after Bybit’s CEO accused Pi Network of being a scam.
The controversy stemmed from claims that Pi Network was unwilling to list on Bybit due to failing the platform’s Know Your Business (KYB) requirements. However, the narrative quickly shifted when Bybit suffered a $1.4 billion hack on the same day, leading some to praise Pi Network’s alleged decision to avoid the exchange.
Once the initial sell-off ended, Pi Coin began a rapid recovery, reaching a new all-time high near $3. It currently trades around $2.7, maintaining strong momentum close to recent highs. Optimism is high, driven by the possibility of a Binance listing. A community poll overwhelmingly favored the listing, which could provide Pi with broader market exposure. However, Binance has not yet confirmed any plans to support the token.
How Big Is Pi Network?
The estimated circulating supply of Pi Coin is around 6.65 billion tokens. However, this figure has not been verified by major platforms like CoinGecko and CoinMarketCap, meaning Pi is not yet included in their rankings. If the supply estimate is accurate, Pi Network’s market cap would be approximately $17.5 billion at current prices.
This valuation would place Pi Network as the 11th largest cryptocurrency, surpassing established projects like Chainlink, Litecoin, Avalanche, and SUI. If the price climbs above $3, it could even break into the top 10, overtaking Tron (TRX).
Even accounting for recent declines in other altcoins, Pi Network would comfortably sit among the top 15 cryptocurrencies by market cap, establishing itself as one of the leading altcoins.
How High Can Pi Network Really Climb?
For this analysis, we assume the circulating supply of 6.65 billion tokens is accurate. It’s important to note that the supply is likely to increase over time due to continued mining, and with a maximum supply of 100 billion tokens, future inflation is a key consideration. The supply could also decrease if significant token burning occurs.
To evaluate realistic price targets, we will compare potential market caps with those of existing cryptocurrencies, assuming other crypto prices remain stable. We also exclude potential impacts of USD inflation – while high inflation could lead to a nominal increase in crypto valuations, this would reflect the devaluation of the dollar rather than a rise in value.
Is $10 Possible?
At $10 per token, Pi Network’s market cap would reach approximately $66.5 billion. This valuation would surpass Dogecoin and USDC, placing it near Solana’s market cap – although it’s worth noting that Solana is currently at its lowest point since October.
While this represents only a 300% increase from today’s price, the scale of capital required is substantial considering that Pi’s market cap is already considerable. While a Binance listing could trigger another wave of enthusiasm and drive prices higher, sustaining such levels would depend on continued project development and investor interest.
Is $100 Possible?
Some speculators predict Pi Coin could reach $100 or even several hundred dollars. However, at $100, Pi Network’s market cap would be double that of Ethereum. At $250, it would be larger than Bitcoin.
This scenario is highly unlikely in the short term and becomes even more improbable as more tokens enter circulation. While nothing is impossible in the long run, especially if Pi Network continues to grow its ecosystem, reaching $100 in the near future is unrealistic.
Is $1,000 Possible?
For Pi Coin to reach $1,000, its market cap would need to be around $6.65 trillion – larger than the combined market values of Apple and NVIDIA. This valuation would be twice the current total crypto market cap, three times the value of all silver on Earth, and four times Bitcoin’s market cap.
Such an astronomical valuation would require Pi Network to dominate the entire cryptocurrency market and revolutionize the digital economy. Although nothing can be entirely ruled out, this scenario is too far-fetched to seriously consider today.
Where We Are Today
While predictions of Pi Coin reaching hundreds or thousands of dollars are speculative at best, the project is undeniably off to a strong start. Despite a turbulent launch and a challenging market environment, Pi Network has likely secured its place among the top 15 cryptocurrencies by market cap.
With ongoing development and the potential for a Binance listing, Pi Network remains a project to watch. Although sky-high price targets are unrealistic for now, continued growth and strong community will solidify its position as a major player.
In another article, we crunched the numbers to see if SHIB could realistically reach $1. The results? Let’s just say they were astronomical.
