Pi Coin Mainnet Launch: Is a Spectacular Price Surge on the Horizon?
The upcoming launch of Pi Coin’s mainnet, scheduled for late
2024, has become a focal point for traders around the globe. Many are
speculating that the price of Pi Coin is poised for a significant increase as
adoption rises and the KYC (Know Your Customer) process is completed. With the
number of Pi users continuing to grow, how will the price of Pi Coin evolve
after the mainnet launch?
Price Predictions Post-Mainnet
Currently, Pi Coin's price is estimated to be around $34,
reflecting an increase of approximately 29.50% over the past year. Analysts are
optimistic that post-mainnet, the price of Pi Coin could experience a
substantial surge. With over 60 million users registered on the Pi network, and
approximately 13 million having completed the KYC process, demand for Pi Coin
is expected to rise significantly, according to information from
Cryptotimes.io.
Initially, after the mainnet launch, Pi Coin’s price is
predicted to fluctuate between $43 and $47. Should adoption continue to grow
and users begin utilizing the coin for transactions within the Pi ecosystem,
its value could potentially rise further, reaching a range of $73 to $86 by the
end of 2024. Some speculations even suggest that the price could soar to $200
by 2025, provided the Pi Network successfully achieves mass adoption.
The Tokenomics of Pi Coin
An important factor influencing Pi Coin's price is its
tokenomics. The Pi Network has a maximum supply of 100 billion coins, yet only
68 million have been mined so far. Of this amount, 80% of the coins are locked
in a three-year vesting period to maintain price stability. This means that
only 20% of the coins will be available for immediate use in the near term.
These stringent vesting arrangements are designed to prevent
excessive price volatility. However, if too many coins are released in a short
period, it could lead to oversupply and depress the price. Conversely, if too
few coins are released, limited liquidity could also impact price movements.
What to Expect After the Mainnet Launch
Following the mainnet launch, Pi Coin is expected to
experience significant price volatility. Technical analysis suggests that Pi
Coin could reach $111.52 by September 2024, approaching its previous all-time
high (ATH) of $119. Technical indicators such as the Simple Moving Average
(SMA) reflect a bullish sentiment, with projections indicating a price of
$60.75 in the coming weeks.
The Relative Strength Index (RSI) currently shows that the
market is balanced, but the mainnet launch is likely to trigger substantial
shifts in market sentiment.
When Will Pi Coin Be Tradeable?
At present, Pi Coin remains in the pre-launch phase and is
not yet tradable on any cryptocurrency exchanges. Users who have mined the coin
will only be able to withdraw or exchange it after the mainnet is fully
launched. In Phase 3, users who have completed KYC will gain full access to
their coins and will be able to trade them on exchanges that support Pi Coin.
However, Pi Network has yet to officially permit trading of
Pi Coin, so any claims about exchange listings should be approached with
caution.
Conclusion
With the mainnet launch approaching, Pi Coin has the
potential to become one of the most closely watched cryptocurrencies in the
market. Broad adoption, careful tokenomics, and optimistic price predictions
all suggest that Pi Coin could be a lucrative investment opportunity for
traders. However, initial volatility should be anticipated, and investors
should remain vigilant regarding the project’s developments.
Warm greetings from us jitumaster for all pioneers wherever you are, especially for pioneers in Indonesia, greetings of success!!!
Disclaimer
The articles contained on the JituMaster website are provided for informational purposes only and are not intended as an invitation or recommendation to invest. Jitumaster is not responsible for investment decisions made based on information from this site. All risks arising from the actions of the reader are entirely their own responsibility, and Jitumaster has no involvement or responsibility for any losses that may occur. Please do your research and consult a financial expert before making any investment decisions.
Source: indodax
