- Pi Coin’s price volatility could lead to a tenfold increase as analysts predict a surge following market adjustments and clearer supply insights.
- Despite Pi Coin’s recent drop, strong support around $0.72 and a clarified circulating supply could trigger significant price growth.
Pi Network’s recent Open Mainnet launch has sparked excitement around Pi Coin, offering users fresh options to trade and transfer tokens freely. This move has captured the attention of major exchanges such as OKX, Bitget, and MEXC, which have listed Pi Coin, pointing to growing interest from the broader market. Analysts like Wong predicted that Pi Coin would see a tenfold price increase as the network expanded.
Pi Network, launched in 2018, set itself apart from Bitcoin by allowing users to mine Pi Coin using only their smartphones. This hip, accessible model has drawn millions of users, building a huge community of over 50 million individuals and more than 100 million downloads of its Pi Browser.
Unlike Bitcoin, which requires energy-intensive mining rigs, Pi Coin aims to address environmental concerns by shifting the mining process to mobile devices, making it both sustainable and user-friendly.
With this unique approach, Pi Network has lowered the barriers to entry for many aspiring crypto enthusiasts. The network’s focus on a greener mining process aligns with a broader effort to create more sustainable cryptocurrencies.
Price Movements and Predictions: Analysts Weigh In
Since its launch on February 20, Pi Coin’s price history has been marked by volatility. Originally priced at $2, Pi reached a high of $2.20 before dipping to as low as $0.09. At the time of writing, Pi Coin’s price has fluctuated between $0.60 and $0.80.
However, analyst Wong closely monitors these fluctuations, predicting that once Pi breaks above the $0.80 mark, it could climb toward $1 and possibly reach $2. The price movements, as noted in our previous post, could be further catalyzed by news developments, such as a listing on Binance or additional strides in Pi’s network development.
$Pi price started trading at $2 on 2/20/2025. It traded as high as $2.20 and as low as $0.09. It has been trading in a trading range between $0.60 and $0.80 today (2/21). Technically, it will likely move to $1 quickly once it breaks above $0.80. Once it breaks above $1, the $2… https://t.co/Czz0iECGrA pic.twitter.com/LJ0aXVI2tP
— Kim H Wong (@Time_and_Trade) February 22, 2025
The price chart for February 22 shows a sharp decline from a peak above $2, followed by a stabilization phase of around $0.70. Following this drop, the price has held steady between $0.70 and $0.73, with a chance for further recovery as the market adjusts to the new price level.
During Pi Coin’s initial price drop, as reported by ETHNews, the trading volume was massive, with 1.48 million PI exchanged during the dramatic fall. However, the volume has since decreased, showing that the market has absorbed the shock from the sharp price movement.
The price is currently at $0.7293, having increased 2.07% in the last hour. The order book reveals strong support around the $0.72 level, with large buy orders at $0.72 and $0.73.
Confusion Around Circulating Supply and Investor Expectations
Despite these trends, some investors have expressed frustration over Pi Coin’s current price. This anxiety may stem from confusion regarding the circulating supply of Pi Coin. While the market reports the circulating supply as 6.35 billion coins, only 554 million are unlocked and available for trading.
Not a great start for $PI – Network.
It's been mostly declining since the launch yesterday.
It's probably worth monitoring the $0.67 level for a possible reversal.
But honestly, so far, so not good; it's better to wait for a clear bullish market structure break! pic.twitter.com/e2NpW29ZNa
— Sjuul | AltCryptoGems (@AltCryptoGems) February 21, 2025
This gap has led some to believe the price is artificially low. According to analysts, Pi Coin’s price could rise once the market fully learns the true circulating supply, possibly increasing 10x.