The discussion on whether Pi Coin can overtake XRP and secure the third position in market capitalization is gaining traction. Let's evaluate the current positions of both cryptocurrencies and the needs for achieving this goal.
What Makes Pi Network Unique
Pi Network launched in 2019 as a mobile-first project, allowing users to mine Pi on their smartphones. Over time, it has gathered a following of over 60 million users waiting for the network to become fully open. What distinguishes Pi Network is its community-focused approach, in contrast to XRP, which primarily serves the banking sector.
What Would It Take for PI to Surpass XRP
Currently, XRP has a market capitalization of around $186 billion with a price of about $3.15. For Pi to compete successfully, its price would need to increase more than 55 times to $24.23, which would require significant growth in demand and real use cases. Additionally, Pi needs listings on major exchanges to enhance public access.
Could XRP Growth Impact Pi
XRP continues to evolve through global partnerships with banks and the introduction of its stablecoin. Institutional support also bolsters its market position. This means that Pi Coin is trying to catch up with not just a static target, but one that is constantly growing.
While Pi Coin can theoretically reach third place under certain conditions, in practice it will require multiple factors including infrastructure development and community support for such an achievement to materialize.
