Pi coin price has become million dollar question in the industry as the Pi Network in the enclosed mainnet. Cryptocurrency Pi has generated a strong interest in the crypto space due to its uniqueness. However, after years of waiting, the long-term believers in the project are starting to lose their patience.
While the real Pi Network value is still not known, many digital asset exchanges have still opted to list their IOU contracts. These contracts are not backed by real coins but can be used to speculate on the future price of the token once it is released.
Pi Network Base Mining Rate Adjusts In August
Pi can be mined via Pi Network app without any need for sophisticated mining hardware or physical equipment. This makes it one of the easiest digital assets to mine. The base mining rate of the project adjusts every month, decreasing the mining rewards.
However, the users can still boost their rate by Nodes, Pi Lockups, Referrals, and Security Circles. While millions of users are currently actively mining the coin, nobody knows the exact Pi coin price yet. This has led to many people selling their Pi coins via different p2p methods.
Pi Coin Price Prediction Remains A Dilemma
Considering the IOU contracts listed on multiple exchanges, Pi Network coins are currently worth around $24. However, this price doesn’t factor in many aspects, like the current circulating supply of the cryptocurrency.
According to the latest metrics, more than 1.97 billion coins have been migrated to the mainnet. This makes the Pi coin price prediction of $24 very unlikely to be met, as this would put it at a ridiculously high market capitalization. The best course of action seems to accumulate the coins until the full release of its mainnet and the subsequent exchange listing.
In the meantime, you are also welcome to follow me on Twitter to keep track of my personal trades and the upcoming 1000x Gems.