The Pi Network community says that it is too narrow-minded to compare Pi Network with cryptocurrency projects. The vision of Pi Network is larger than the entire crypto market, so it should be compared to the US stock market & gold instead of $PI.

However, after the market opened, it was found that if we use the US stock market & gold to benchmark $PI, its price really can't make the list and doesn't even enter the price estimation chart, so we still need to use crypto projects for comparison.

Currently, the price of $PI is around $1.5, with a circulating market value of approximately $2.5 billion, exceeding Filecoin and approaching ICP; fully diluted market value is $180 billion, surpassing BNB and nearing XRP.

In fact, this price is within expectations. Pi Network is an old project that was born in 2018 and can be seen as a Layer 1 public chain with a very large user base, and its market value is indeed similar to that of public chains like ICP and XRP.

More critically, exchanges currently do not allow users from China to trade, and many users have not yet migrated their coins to the mainnet. If it really opens up later, will the elderly dump the price of $PI to zero? The selling pressure is too heavy.

Previously, I created a price estimation chart, and its credibility is still rising 🤣 #Vote - Should PI be listed on Binance? #PI币2月20号全网上线