Pi Network price is up by a staggering 45% from its launch price of $1.24. The highly anticipated Pi network mainnet launch has seen it stand out from the choppy moves in the broader crypto market, with traders speculating about how far it can rally.
Pi Coin value today stands at $1.57 with a daily high of $1.97. On the OKX exchange, Pi Coin surged to an all-time high of $2.2, with trading volumes hitting $101M in less than two hours of trading.
Pi Network Price Prediction: Live Pi Coin Value After Successful Mainnet Launch
Pi Network Token faces high volatility, with the price fluctuating between $1.24 and $2.20 since launch. These sharp fluctuations are common with new token launches and may persist until the market establishes a stable value for Pi Coin.
Nevertheless, a parabolic rally to $300 lies ahead due to the potential listing of Pi Coin on other centralized exchanges such as Binance. Exchange listings tend to bode well for new tokens, and could lead to PI forming fresh all-time highs.
At the same time, the project’s tokenomics seem strong, with a circulating supply of 9.7 billion tokens. Pi Coin’s maximum supply stands at 100 billion tokens, indicating that only 9% of the available supply is available in the market.
The framework used to release the rest of this supply could influence the long-term performance of Pi Network price. The adoption of the blockchain by decentralized applications (dApps) will also have an impact on the price
Will the Hype Around Pi Network Last?
The recent 45% surge in Pi Coin value stems from the hype around the Pi Network mainnet launch. Similar gains were also seen with projects such as Hamster Kombat and Berachain that posted parabolic gains after their token launches.
Hamster Kombat hit record highs in September shortly after launch before dropping by 84% to its current price. Berachain also saw a similar rally before crashing by 48% from all-time highs.
If Pi Coin lists on Binance, another rally could be underway. However, to sustain these gains and avoid a crash, the Pi Network needs to develop strong use cases and gain adoption from dApps.
The post Pi Network Price Prediction: Live Pi Coin Value Today appeared first on CoinGape.
