My initial price prediction for #pi
First and foremost, do not rush to sell in the first moments
- The first PI Coin price will be (20th) February.
With a total volume of 100 billion and an estimated initial volume of around 7 billion, the initial Pi Coin listing price is expected to range between $0.30 and $0.50, depending on current market conditions.
Important questions:
1. Supply volume: Although initially there were 7 billion coins in circulation, the large total supply volume (100 billion) raises concerns about long-term inflation, which limits the upward movement.
2. Selling pressure: Many early adopters may rush to liquidate their assets, which increases the downward pressure. Historically, this has happened in many cases where new tokens experience a sharp decline after the trading listing due to profit-making.
3. Market conditions: The cryptocurrency market remains self-sufficient, which favors the stability of investment assets. This reduces the immediate demand for PI.
- So as I mentioned the opening price is 0.3 to $1
But the total volume divided by the supply can rise to $16.56 from here strong buying begins.
After this it becomes:
First target: $135
Second target: $144
Up to $156
And expectations are not in a day or a night
