Pi Coin made its highly anticipated debut on various exchanges on February 20, 2025. However, after a much-hyped launch, the price experienced a sharp drop, falling by 65%. At the time of writing, Pi Coin is trading at $0.75 and has seen a decline of more than 7% in the past 24 hours. Despite the aggressive selling pressure fueled by market uncertainty, analysts, including Kim Wong, remain hopeful about the coin’s future trajectory.
When Pi Coin first launched on February 20, it traded at $2, reaching a high of $2.20 and a low of $0.09. Since then, its price has been relatively volatile, and as of February 22, Pi Coin has been trading within a range of $0.60 to $0.80. According to Wong, once Pi Coin manages to break above the $0.80 mark, it is likely to quickly move toward the $1 range. Once it surpasses $1, the $2 level could be within reach. A possible trigger for such a breakout could come from news regarding a Binance listing or progress in Pi’s ecosystem development.
Some early investors have voiced their disappointment over what they perceive as a low price for Pi Coin. However, this low price may be misleading, primarily due to confusion surrounding the circulating supply. The market has listed Pi’s circulating supply at 6.35 billion coins, which represents the total number of migrated Pi. However, the actual number of unlocked Pi is only 554 million coins, a figure that should be considered as the true circulating supply. Many new investors may not be aware of this distinction, but once they do, analysts believe the price of Pi could rise significantly — possibly ten times its current value.
Even at a price of $0.72, Pi Coin’s valuation is considered by some experts to be reasonable. For comparison, other projects with similar circulating supplies, such as Supra, are trading at a much lower price of $0.012. Projects with a similar supply, like Pi Coin, typically have higher initial listings. This makes Pi Coin’s current price quite favorable when compared to other crypto assets with similar supply and market factor.
If the bullish sentiment sustains, this altcoin could reach as high as $80 this year.
Some analysts suggest Pi Coin could surge if investors recognize its true circulating supply and major exchange listings drive demand.
Pi Coin faced high selling pressure and market uncertainty, leading to a sharp decline. Confusion over circulating supply also impacted investor sentiment.
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