Pi coin price has become one of the biggest conundrums for crypto analysts. Millions of users are currently holding coins in their Pi Network apps but are unable to sell them. These users eagerly want to know how to sell Pi coins and cash out the money. While it is currently not possible to trade real Pi coin on any crypto exchanges, it might change soon.
It is very difficult to determine the current Pi Network value as the real coins haven’t even been created yet. This can be hard to grasp for new users who have no prior experience with cryptocurrencies. Therefore, in this article, I’ll take a shot at predicting the current Pi coin value while explaining the unknown variables involved in this process.
Pi Network Is Still In Its Enclosed Mainnet
Cryptocurrencies are digital assets that are created on decentralized networks known as blockchains. Without a blockchain, it is very difficult to transact digital assets in a secure and decentralized way. Pi Network is also working on its own blockchain, which is still in its enclosed mainnet. The enclosed mainnet is a testing environment where the developers of a blockchain test it without any external interference.
This means that the Pi network blockchain is currently not available to be accessed by the general public. All the Pi coins available in your Pi wallet are nothing but just digital numbers that will be replaced with real coins on the blockchain. The exact number of coins created on the blockchain will determine the Pi coin price. The higher the circulating supply will be, the lower will be the price of each coin.
Pi Coin Price On Exchanges
One thing which is the most confusing for the Pi coin holders is the Pi/USDT trading pairs on different exchanges. So how is the Pi coin trading on exchanges like Houbi when the real coins are not even launched yet? The one-word answer to that question would be ‘speculation’. All such trading pairs are nothing but derivatives, also known as future contracts. These pairs allow you to bet on the future Pi coin price prediction.
It is worth mentioning here that you can’t transfer your coins to Houbi Exchange to sell them at the current price. This is because this is not the price of real coins and is just a speculative tool to bet on the future Pi Network value.
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.
