Pi Network Price Prediction Surges Despite Initial Drop
With a growing user base and increasing accessibility, Pi Network Coin is poised for further growth, and its price prediction suggests it could surpass $500 by 2030, making it an attractive option for investors looking to diversify their cryptocurrency portfolios.
Pi Network Coin, the cryptocurrency mined on smartphones, experienced a significant 62.63% drop in value after its listing, but experts predict it could surpass $500 by 2030, driven by its potential for mainstream adoption and real-world use cases.
The coin's value dropped from $1.97 to $0.737 in just a day due to early miners cashing out their holdings, the absence of a Binance listing, and concerns about Pi's real-world usability. However, despite these challenges, Pi Network has a massive user base, with over 110 million installations and a daily average of 110,000 new downloads. The platform's mainnet launch marks a significant milestone, enabling external connectivity and allowing users to trade, sell, and expand their crypto journey beyond the Pi ecosystem.
Pi Coin has rebounded by 80% to $1.29 after a 60% drop, with strong buying interest and a growing user base contributing to its recovery. The token's price fluctuated between $1.97 and $0.737, sparking concerns about its stability. Exchanges like OKX, Bitget, and Bitrue have listed Pi Coin, increasing its accessibility, and Bitget is offering a $60,000 Pi Coin airdrop, while BitMart is offering a $3,000 USDT reward.
Technical analysts suggest that staying above the $1.10 support level could lead to further gains, and crypto expert Kim H Wong believes that the price will go up when big capital jumps in, advising enthusiasts to "hold their precious Pi coins." The coin's market cap is $8.6 billion, and it is listed on seven major crypto exchange platforms, with a total supply of 9.82 billion and a maximum supply of 100 billion PI.
As Pi Network Coin continues to navigate the cryptocurrency market, its future remains uncertain, but experts remain optimistic about its long-term potential, citing its potential for mainstream adoption and real-world use cases. Investors should conduct thorough due diligence before investing, considering factors such as ecosystem adoption, governance, security, and real-world utility.
