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- Pi Coin plunged to $0.09 before stabilizing around $0.60-$0.80 after launching at $2.
- A move past $1 could trigger a 10x surge, with Binance listing speculation fueling optimism.
- Misinterpretations of Pi’s real supply (554M vs. 6.35B) may contribute to price volatility.
Pi Coin finally made its long-awaited debut on multiple exchanges on February 20, 2025, marking a milestone for its global community. However, the much-hyped launch quickly turned sour as Pi Coin’s price plunged by 65%, shaking investor confidence.
At the time of writing, Pi Coin is trading at USD 0.865509 with a 24-hour trading volume of USD 386,657,769. Pi is up 31.44% in the last 24 hours. The token initially launched at $2 per coin, hitting a peak of $2.20 before tumbling to as low as $0.09. Since then, Pi Coin has maintained a volatile trading range, fluctuating between $0.60 and $0.80 as of February 22.
Pi Coin Breakout? $1 Target Could Trigger 10x Surge
The sharp downturn has raised concerns among early investors, some of whom feel the coin is severely undervalued. However, Kim Wong, a well-known crypto analyst, remains optimistic about Pi Coin’s long-term potential.
Wong points out that breaking past the $0.80 resistance could be a key moment for Pi Coin. If the token successfully surpasses $1, the $2 level could come into play. A major catalyst for such a move could be a Binance listing announcement or significant progress within Pi’s ecosystem development.
The misinterpretation of Pi Coin’s circulating supply is a significant factor contributing to price uncertainty. Many market platforms list Pi’s circulating supply at 6.35 billion coins, leading to the assumption that the asset is facing high inflationary pressure. However, the actual number of unlocked Pi coins is only 554 million, meaning the real circulating supply is much lower than what is commonly perceived.
This discrepancy has confused, particularly among new investors, who may be underestimating Pi Coin’s value. Once this distinction becomes widely recognized, analysts believe Pi Coin’s price could surge dramatically, possibly reaching 10 times its current value.
Pi Coin Price Correction and Market Potential
Despite the ongoing price correction, some crypto experts argue that Pi Coin’s valuation is reasonable. A look at comparable projects suggests that Pi Coin is fairly priced relative to its true circulating supply. For instance, Supra, a project with a similar circulating supply, currently trades at just $0.012.
Historically, projects with similar token supplies tend to see higher initial listings, making Pi Coin’s current market price appealing. This undervalued status could attract long-term investors who recognize the potential upside.
While early price action has been turbulent, Pi Coin’s future hinges on key developments, including potential exchange listings and ecosystem expansion. If investor sentiment improves and the real circulating supply becomes widely understood, a strong price recovery could be on the horizon.
For now, Pi Coin continues to navigate its post-launch volatility, but many in the crypto space are watching closely, waiting to see if this early stumble is just a stepping stone to greater heights.
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