Pi Coin began trading on various exchanges on February 20, 2025. However, following a highly anticipated mainnet launch, its price plummeted rapidly, losing 65% of its value. Currently, Pi Coin is trading at $0.75, with a decline of over 7% in the last 24 hours. While market uncertainty has intensified selling pressure, some experts hint at a potential long-term recovery.
**Initial Price Movements and Expert Opinions on Pi Coin**
Pi Coin opened at $2 on its debut day, climbed to $2.20, and then fell to $0.90. It is now fluctuating between $0.60 and $0.80. According to notable expert Kim Wong, surpassing the $0.80 mark could quickly drive Pi Coin back to $1. If it breaks through the $1 level, reaching $2 becomes feasible. For this increase, significant developments in the Pi Network ecosystem or listings on major exchanges like Binance are essential.
Pi Network Pi Coin Commentary and Analysis
Conversely, some traders view the current price of Pi Coin as undervalued. This perception stems from misunderstandings regarding the circulating supply. Although it seems there are 6.35 billion Pi Coins in circulation, only 554 million coins are actually available. Analysts believe that as investors grasp this discrepancy, a significant price increase is likely.
**Pi Network’s Position in the Market**
Currently trading at $0.72, many experts still consider Pi Network’s Pi Coin quite valuable. When compared to similar projects like Supra, which trades at only $0.012 despite having comparable supply, Pi Coin’s current price indicates a favorable position. New market entrants typically see higher valuations, making Pi Coin’s price appear advantageous. Overall, Pi Coin’s future price movements will largely depend on market conditions and ecosystem developments. If awareness about the supply discrepancy increases and listings on major exchanges like Binance occur, analysts agree that a tenfold price increase could be plausible.