Pi coin price has been a major concern for the community since the project launch in 2019. The major reason why most users are interested in Pi network value is because they want to sell their tokens. However, it is not easy to determine the price of the cryptocurrency as there is no official information available from the team on the internet.
The project was founded by Stanford academics Nicolas Kokkalis and Chengdiao Fan in 2018. Pi network app was launched in 2019. This app allowed users to mine Pi coin with a single tap. Since then, millions of users have been accumulating free coins.
What Is The Current Pi Network Value?
The current price of Pi coin is very difficult to determine as there are still many unknowns. Firstly, the Pi network is still in its enclosed mainnet, which means that the real coins are not even launched yet. This means that the balance in your apps is just a number on the screen and currently has no value. The team is yet to announce an exact launch date for its public network.
Secondly, the exact supply of the Pi coin is still not known, which makes the current Pi Network value even harder to predict. Since there are currently millions of users mining new coins every day, there can be billions of coins in circulation. Therefore, it won’t be wise to expect anything above a few cents.
Pi Coin Price On Exchanges
A lot of Pi Network users are getting confused these days as many exchanges have listed Pi/USD pairs. It is very critical to note here that these pairs don’t represent the real Pi coins and are just a tool for speculating on the future Pi coin price. These trading pairs belong to an asset class known as derivatives and are not backed by real coins.
The above chart shows the price action of Pi/USDT pair on the Houbi exchange. The pair is currently trading at $27.20 and once peaked above $340. However, this must not be taken as the real Pi coin price prediction, as this is mere speculation.
If you are eagerly waiting to sell your Pi Coins, then you are welcome to join my free Telegram channel, where I’ll keep you posted about all the latest developments in Pi ecosystem.