Myth-Busting The Price Of Pi Coin: Pi Will Be $10, $100 Or Even $1,000.

January 16, 2022.

It really is mind blowing knowing that a single cryptocurrency project has been developing and working on for their success up to this date for almost 3 years by now without issuing or publicized their own governance currency.

Yes, I'm talking about Pi Network. A project with a team of Professors from Standford University that has been around for almost 3 years now (Launched on May 14, 2019). The project has been growing from the start since it has a transparent team with great credentials and people saw its potential to be one of the successful projects in the crypto space.

Since Phase 1 of the project, millions of people onboarded into the project and with the potential they saw from it, people started free mining and and invited more and more people to let them know that this project is going to be a big one.

The time people has been waiting the most for almost 3 years is very near, the phase where people hope that all of their patience will be paid off - Phase 3.

Phase 3 is almost done and all the mined Pi coins will have its value and this is where people started speculating about what will be the Pi's price when Phase 3 is all done. And this article, unfortunately, will break all the high expectations from people for their expected price of Pi.

Pi Coin Will Not Be Much Compared To What We Hope For.

Some people says Pi will be worth $1, some says it could be over $100 and there are also people who even predicted that Pi will have its value of even $1,000. Lots and lots of people making assumptions of what will be the real value of Pi but end up not being realistic and only give false hope to the people believing in the project.

Because of the hype that Pi will be out with huge value, people are now believing too much without knowing the basic knowledge about Supply and Demand and those people could end up being frustrated and disappointed in the end.

And now, I strongly but hate to tell everyone that Pi will not be worth $10, $100 and obviously not $1,000 per Pi coin.

Why?

Simply because the supply that will be available for Pi will not correlate to the predicted price of $10, $100 or $1,000.

Let's have the estimated or the near-possible initial Supply of Pi;

Up to this date, Pi Network has over 23 million users registered and mining in the app. People with great mining power and have been mining long time ago could have over 20,000 Pi coins by now, so I will just assume that the average coins users have is 5,000 Pi coin (Averaged form early, mid and new users).

23 million users x 5,000 average Pi coins

= 115,000,000,000 Potential initial Supply of Pi coin.

Now let's do the math of how much needed for Pi to reach $10;

115,000,000,000 supply x $10 = 110,500,000,000,000 or $110 Trillion - this should be the market cap or the invested money in Pi Network for it to reach $10.

Is it possible?

It could be, because cryptocurrency space is very unpredictable. But knowing that the top 1 coin of all time, which is Bitcoin, only has rarely $1 Trillion market capitalization, the chance for Pi Network to reach $10 or surpassed Bitcoin is very very low - or it could be zero!

Now, I won't be showing any mathematical ways for $100 and $1,000 price for Pi coin as the result is very obvious... It won't happen.

Final Say.

There is still a high chance that Pi coin could have a very good value especially of the project turns out to be a very successful one. Another thing to consider is that Pi Team will likely to burn all the mined coins that was made from exploitation, fraud and other ways that is very unlikely to the project.

The team will make sure that their coin will be very valuable, not just in terms of its price but also for its usage in the real world.

Right now, Pi Network is almost on its final stage of launching and all the Pi coins that was mined by valid users will have its own value in their own market, and will like to have a greater value when great adoption of Pi will happen.

END.