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Pi Network Update: Why Pi Coin's Value Is Heading Towards $5+
* To date, Pi miners have mined 10,083,489,122 (over ten billion) Pi. This includes coins from lost wallets and those who have not yet completed KYC. Therefore, not all ten billion mined coins will enter the market.
* Out of the ten billion produced, 6,554,267,929 (6.5 billion) Pi have been migrated.
* Of the 6.5 billion, 4,928,148,571 (almost 5 billion) are in locked balances for various terms.
* This means 1,626,119,358 (1.5 billion) Pi are currently held by miners as available for sale.
* As of yesterday, out of these 1.5 billion coins, the top ten accounts (including five exchanges) held 250 million in reserve. However, today that number has dropped to 245 million, meaning a 5 million decrease in supply.
Therefore, assuming the current market supply of Pi coin is 250 million, there is a high probability that each Pi coin's value will be between $5 and $30 on the upcoming March 14th "Pi Day".
Additionally, if CMC completes its data update for the Pi Network, it is safe to say that Pi coin will rank within the top 20 of global crypto rankings.
We hope that on this upcoming March 14th Pi Day, we will see announcements of listings on at least 4-5 more top-tier crypto exchanges, along with some Pi web3 utility apps and information made public/available on the Pi browser. If this happens, the Pi coin could rise to anywhere between $5 and $20-30.
Best wishes to everyone.
Let me know if you need anything else.