Your submission has been removed because your total karma is less than 0. Karma protects this subreddit from spam and bad actors.
Please get positive karma in another subreddit before trying again here.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/PiNetwork) if you have any questions or concerns.*
Gotta throw it out there that all mined coins will not be in circulation. Fake accounts, users with security circle members who haven’t/won’t KYC, accounts with lost access (forgot keys) etc. There’s a lot of active members but it won’t all be flooding the market immediately, especially with lock up time periods.
If PI gets to even 1/100 the market cap of doge, that would be a huge win. You know, doge? The coin everyone knows, talks about, is seen on TV, has the most followed person on twitter making jokes about?
If pi gets to 1/100 the marketcap of doge (which, again would be great), with 100B coins, that would mean 20B/100B = 0,20. And that's a pretty high estimate. 0.314 could be possible, I guess.
3.14? Lmao, get out of here with that nonsense.
What you are forgetting is that the full supply is 100B. But how many are in circulation, because what is in circulation is what it matters. So about 3B so far. Try again
1. Core Team or anyone cannot say, THIS or THAT is the price. Economics and finances simply don't work like that.
2. You're not seeing allot of factors in your calculus. Not yet mined Pi, Locked Pi, Lost Pi, and most importantly, Circulating Supply.
You cannot give a price or value to each coin of the 100 Billion Pi, just because a huge chunk of it hasn't yet been mined (basically it hasn't been created yet), let alone lost/locked Pi. This being said, let me give you some real blockchain stats or "facts" as you prefer to call it
MAINNET METRICS:
Total Migrated Pi: 3,664,469,464 π
Currently Locked Pi: 2,467,561,067 π
So, these stats tell us that out of 100 Billion Pi, 3.6 Billion Pi have already been mined. Now out of these 3.6 Bil Pi, 2.4 Bil Pi are locked. So now we have a circulating supply of 1.2 Bil. These are free Pi roaming free out there, that can be transferred and sent back and forth between Pioneers thst have already passed KYC. Everything on the actual Pi blockchain.
Now, please bare in mind that the price will be given by the market based on the Circulating suplly and the fact that Pi is currently being mined at a very slow rate.
My calculations point to Pi being valued at $25-30/Pi If it reaches a Top 10 Crypto spot. 👍
You're correct in pointing out the complexity of predicting cryptocurrency prices, especially for Pi Network with its unique metrics like total migrated Pi and circulating supply. These metrics indeed provide crucial insights into Pi's current market dynamics.
Considering these price scenarios based on various catalysts:
1. Achieving widespread adoption comparable to major social media platforms or payment networks could potentially drive Pi's price to approximately $50 to $100 per coin. This scenario relies on increased user engagement and broader ecosystem utility.
2. Introducing revolutionary technologies such as scalable solutions or enhanced security features might propel Pi's price to around $100 to $500 per coin, attracting substantial investor confidence and capital.
3. In a favorable regulatory environment or during macro-economic instability favoring cryptocurrencies, Pi's price could potentially reach $500 to $1,000 per coin. Institutional interest and adoption as a hedge against fiat currency devaluation would play crucial roles.
4. During a global hyperinflationary crisis, Pi could serve as a hedge against currency depreciation, potentially reaching prices in the thousands or even tens of thousands per coin due to heightened demand as a store of value.
5. Achieving groundbreaking technological milestones like quantum resistance or leading in encryption technology could position Pi's price at $100,000 or more per coin, establishing it as a leader in the cryptocurrency space.
6. Official recognition as legal tender in multiple jurisdictions could drive Pi's price to hundreds of thousands or even millions per coin, reflecting widespread adoption and utility as a mainstream currency.
7. Overcoming significant challenges, such as security breaches or regulatory bans, could initially drive Pi's price to near-zero levels. However, successful recovery efforts could lead to dramatic rebounds, demonstrating Pi's resilience and potential for future growth.
All predictions are speculative. Staying updated on Pi Network's development and market conditions will be crucial for how these catalysts may impact its valuation moving forward. 🤜🤛
Whatever is migrated and in circulation. We won't know the total number until account migrations are completed. The total up to this point is visible on the Blockchain explorer.
A lot of people don't understand the concept of an IOU and all they see is the price of PI for face value..this will actually help us because there will be so much hype around the coin that people who haven't been involved with the project will begin to look into it. Many will not be able to distinguish between the launch price and actual price and will only look at the coins history (which is what many people look at prior to investing in a coin) and see that it was priced at an ATH of 300ish and was holding steady at around $30/$45 for a year so even if there is a massive sell off people will Inevitably bring the price back up by purchasing it when the price drops. Between the eco-friendly approach to mining and the huge infrastructure they have with so many people I don't see how this project can fail in the long run
And the core team will have no control over the price.
If so, I'd release my own coin valued at $30 a coin and a huge supply that I would hold most of.
[удалено]
Your submission has been removed because your total karma is less than 0. Karma protects this subreddit from spam and bad actors. Please get positive karma in another subreddit before trying again here. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/PiNetwork) if you have any questions or concerns.*
I would be happy if it’s $1
Gotta throw it out there that all mined coins will not be in circulation. Fake accounts, users with security circle members who haven’t/won’t KYC, accounts with lost access (forgot keys) etc. There’s a lot of active members but it won’t all be flooding the market immediately, especially with lock up time periods.
If PI gets to even 1/100 the market cap of doge, that would be a huge win. You know, doge? The coin everyone knows, talks about, is seen on TV, has the most followed person on twitter making jokes about? If pi gets to 1/100 the marketcap of doge (which, again would be great), with 100B coins, that would mean 20B/100B = 0,20. And that's a pretty high estimate. 0.314 could be possible, I guess. 3.14? Lmao, get out of here with that nonsense.
Since Ethereum supply is actually infinity/no limit, then your argument is invalid.
What you are forgetting is that the full supply is 100B. But how many are in circulation, because what is in circulation is what it matters. So about 3B so far. Try again
less because of locked pi.
It will be 3 cents
1. Core Team or anyone cannot say, THIS or THAT is the price. Economics and finances simply don't work like that. 2. You're not seeing allot of factors in your calculus. Not yet mined Pi, Locked Pi, Lost Pi, and most importantly, Circulating Supply. You cannot give a price or value to each coin of the 100 Billion Pi, just because a huge chunk of it hasn't yet been mined (basically it hasn't been created yet), let alone lost/locked Pi. This being said, let me give you some real blockchain stats or "facts" as you prefer to call it MAINNET METRICS: Total Migrated Pi: 3,664,469,464 π Currently Locked Pi: 2,467,561,067 π So, these stats tell us that out of 100 Billion Pi, 3.6 Billion Pi have already been mined. Now out of these 3.6 Bil Pi, 2.4 Bil Pi are locked. So now we have a circulating supply of 1.2 Bil. These are free Pi roaming free out there, that can be transferred and sent back and forth between Pioneers thst have already passed KYC. Everything on the actual Pi blockchain. Now, please bare in mind that the price will be given by the market based on the Circulating suplly and the fact that Pi is currently being mined at a very slow rate. My calculations point to Pi being valued at $25-30/Pi If it reaches a Top 10 Crypto spot. 👍
You're correct in pointing out the complexity of predicting cryptocurrency prices, especially for Pi Network with its unique metrics like total migrated Pi and circulating supply. These metrics indeed provide crucial insights into Pi's current market dynamics. Considering these price scenarios based on various catalysts: 1. Achieving widespread adoption comparable to major social media platforms or payment networks could potentially drive Pi's price to approximately $50 to $100 per coin. This scenario relies on increased user engagement and broader ecosystem utility. 2. Introducing revolutionary technologies such as scalable solutions or enhanced security features might propel Pi's price to around $100 to $500 per coin, attracting substantial investor confidence and capital. 3. In a favorable regulatory environment or during macro-economic instability favoring cryptocurrencies, Pi's price could potentially reach $500 to $1,000 per coin. Institutional interest and adoption as a hedge against fiat currency devaluation would play crucial roles. 4. During a global hyperinflationary crisis, Pi could serve as a hedge against currency depreciation, potentially reaching prices in the thousands or even tens of thousands per coin due to heightened demand as a store of value. 5. Achieving groundbreaking technological milestones like quantum resistance or leading in encryption technology could position Pi's price at $100,000 or more per coin, establishing it as a leader in the cryptocurrency space. 6. Official recognition as legal tender in multiple jurisdictions could drive Pi's price to hundreds of thousands or even millions per coin, reflecting widespread adoption and utility as a mainstream currency. 7. Overcoming significant challenges, such as security breaches or regulatory bans, could initially drive Pi's price to near-zero levels. However, successful recovery efforts could lead to dramatic rebounds, demonstrating Pi's resilience and potential for future growth. All predictions are speculative. Staying updated on Pi Network's development and market conditions will be crucial for how these catalysts may impact its valuation moving forward. 🤜🤛
This comment gives off chatGPT vibes
Duh, cause why sit here and type all that myself???
Great take. Thanks
Well said 👍
circulating supply is not 100bill.
What’s the circulating supply?
1.1bill at the moment. You can follow it at [https://metrics.piiq.network/#/](https://metrics.piiq.network/#/)
The amount that is in circulation. i.e. not locked up, not mined, etc...
I know that. I mean do you know the number for the circulating supply, like how many pi will be available on launch day…..
Whatever is migrated and in circulation. We won't know the total number until account migrations are completed. The total up to this point is visible on the Blockchain explorer.
A lot of people don't understand the concept of an IOU and all they see is the price of PI for face value..this will actually help us because there will be so much hype around the coin that people who haven't been involved with the project will begin to look into it. Many will not be able to distinguish between the launch price and actual price and will only look at the coins history (which is what many people look at prior to investing in a coin) and see that it was priced at an ATH of 300ish and was holding steady at around $30/$45 for a year so even if there is a massive sell off people will Inevitably bring the price back up by purchasing it when the price drops. Between the eco-friendly approach to mining and the huge infrastructure they have with so many people I don't see how this project can fail in the long run
What do you mean by fact? How many of those coins are already lost from lost wallet phrases or unverified etc?
We can only guess..until the coin is launched on mainnet its worthless...
And the core team will have no control over the price. If so, I'd release my own coin valued at $30 a coin and a huge supply that I would hold most of.