fairwheelsUnderstanding Pi Coin Price: Key Insights and Projections
There are many reviews and opinions surrounding Pi Coin’s price. Let’s break it down in a simple and easy-to-understand way.
Initial Supply Statement vs. Current Supply
Pi Coin originally stated that the total supply would be 100 billion coins. However, this will not be the case. Over the last six mining periods, the total number of Pi Coins that have been migrated to wallets is 6,260,308,800 (6.26 billion). Out of these, 4,673,287,172 (4.67 billion) coins are currently locked and will remain locked for the next two to three years.
Circulating Supply of Pi Coin
The circulating supply of Pi Coin is a crucial factor in determining its overall price. It’s important to note that many users may lose their phrases and passwords, some pioneers may not know how to move their coins to exchanges, and others may simply forget they ever mined Pi Coins.
If we subtract the total number of migrated coins that are locked (6.26 billion – 4.67 billion), we are left with approximately 1.55 billion coins. After considering the loss of phrases, passwords, and forgotten applications, sources indicate that the current circulating supply of Pi Coins is around 990 million.
Capital Required to Reach $1 to $10
Now, let’s calculate the capital required for a Pi Coin to reach $1 or $10. With a circulating supply of 990 million coins, reaching $1 would require a capital of 990 million dollars. To reach $10, the capital needed would be 10 billion dollars. This pattern will follow similarly as the price increases.
Can Pi Coin Reach $10?:
Is it possible for Pi Coin to reach $10? The answer is yes. Looking at other cryptocurrencies like Shiba Inu and Pepe Coin, 10 billion dollars is not a huge amount of investment, especially if the coin gains significant social media attention. These coins took just days or weeks to reach the 10 billion-dollar market cap milestone.
Pi Coin’s Potential After Exchange Listings:
Pi Coin has already reached a price of $3 in the local market without the help of major exchanges. Once listed on exchanges like OKX, Bitget, BitMart, and HTX, it’s not unrealistic for Pi Coin to reach a 10 billion-dollar market cap. In fact, it could even reach 50 billion dollars within weeks.
Challenges to Pi Coin’s Growth:
The only major hurdle that could prevent Pi Coin from reaching a price of $50 to $100 is the spread of false rumors. Misleading information can significantly impact the coin’s growth potential.
Conclusion:
Hopefully, this article has helped clarify the factors that influence Pi Coin’s price and its potential future trajectory. With a solid strategy, the right timing, and a growing user base, Pi Coin could see significant price increases once it hits major exchanges.
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