- Pi Coin Tokenomics
- Speculative Price Post-Mainnet Launch
- Crypto Times Analysis
As the Pi mainnet launch is scheduled towards the end of 2024 and the ongoing KYC process for the migration of Pi coin, the speculation about its price and possible conversion ratio have taken the internet by storm.
Pi Coin Tokenomics
As of August 14, 2024, Pi Network has a total supply of 68 million tokens, out of a maximum possible 100 billion tokens. Out of the total mined Pi, 80% is locked for a three-year 'vesting period' to keep its value stable. The other 20% is granted to the Pi core team, out of which 65% will be used for mining rewards, 10% for growing the ecosystem, and 5% for providing liquidity on exchanges.
Speculative Price Post-Mainnet Launch
Various factors, such as the mainnet launch, user adoption, and the effect of the vesting period, will play a pivotal role in deciding its value. If the vesting period is too restrictive, it could limit liquidity and hinder price growth. On the flip side, if too many coins are released too quickly, it could lead to a major drop in price due to oversupply. Speculative price estimates for Pi Coin post-mainnet launch range from $43 to $86, depending on various factors and market conditions.
Crypto Times Analysis
According to Crypto Times analysts, if the mainnet launches in 2024, Pi coin can witness a notable price surge after wider participation and the 'peer-to-peer' utility mentioned in its whitepaper. In the short term, Pi's price is expected to fluctuate between $55 and $70 by the end of 2024, with the potential of reaching $200 or more by 2025 if the network achieves widespread adoption. Technical analysis shows a strong possibility for growth post-mainnet launch, with the 200-day Simple Moving Average (SMA) projected to increase and stabilize at $60.75. The Relative Strength Index (RSI) indicates balanced market sentiment.
The upcoming Pi Coin mainnet launch in 2024 and the ongoing KYC process could significantly impact the valuation and adoption of this cryptocurrency. Current predictions suggest potential price growth for Pi Coin in the coming years, conditional upon stable network growth and expanded utility.
