Post -Pi Coin Prices: The analyst says that the gains 10x quickly appeared first on Coinpedia Fintech News
Pi Coin appeared for the first time expected on various stocks on February 20, 2025. However, after a large launch, the price saw a sharp decrease, as it decreased by 65 %. At the time of this report, Pi Coin is traded at $ 0.75 and has witnessed a decrease of more than 7 % in the past 24 hours. Despite the pressure of the aggressive sale fed by the uncertainty in the market, analysts, including Kim Wong, are still hoping for the path of future coins.
Primary trading activity and price movements
When the PI Coin was first launched on February 20, it was traded at $ 2, reaching $ 2.20 and the lowest level at $ 0.09. Since then, its price was relatively volatile, and until February 22, Coin PI was traded in the range of $ 0.60 to $ 0.80. According to WongOnce the PI currency managed to break the 0.80 dollar sign, it is likely to move quickly to one dollar range. Once it exceeds $ 1, it can be $ 2 on hand. One of the potential operators of such a penetration can come from news related to the Binance menu or progress in developing the PI’s ecosystem.
Disappointment
Some of the first investors have expressed their disappointment about what they see as a low price for PI. However, this low price may be misleading, mainly due to the confusion surrounding the circulating offer. The market has inserted the PI’s circulating offer by 6.35 billion coins, which represents the total number of PI deported. However, the actual number of the unlike PI is only 554 million coins, a number that should be considered the real circulating offer. Many new investors may not be aware of this distinction, but as soon as they do so, analysts believe that the PI price may increase significantly – perhaps ten times its current value.
The relative value of Pi Coin in the encryption market
Even at a price of $ 0.72, some experts are reasonable for Pi Coin. For comparison, other projects with similar traded supplies, such as above, are traded at a much lower price than $ 0.012. Projects with a similar view, such as PI, usually have higher initial lists. This makes the current price of the Pi Coin is completely favorable compared to other encryption assets with a similar supply and supply factor.
