The peak is reached as soon as PI opens. Waiting to see that any new coin cannot escape the fate of reaching the exchange at its highest point.
BNKSJ
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Many people do not know the source and current status of PI. They speak without understanding, so let me provide some correct information.
The on-chain data about Pi Network is as follows: It shares the same underlying consensus technology as Ripple (XRP) and Stellar, and has the same maximum supply. It was established and improved by Dr. Nicolas Kokkalis from Stanford. SocialFi, or socialized finance, is a new type of community platform that combines blockchain, cryptocurrency, and 'social functions'.
Currently, the mapped supply is about 6 billion, of which the circulating supply is 1.5 billion, and another 4.5 billion are locked in. This 1.5 billion is the actual amount that will circulate in the market.
Assuming Pi Network can reach the market value of Ripple (XRP), whose circulating supply is about 57 billion and whose price is around $2.37. By this ratio, the price of Pi Network would be approximately $2.37 multiplied by 43 times, which is about $100! However, if it only reaches the market value of Stellar, then the price of Pi Network would be around $7.
On the official Stanford website, among the listed alliance partners, PI NETWORK (PI), Ripple (XRP), and Stellar are all included. The value is evident, and the 60 million members of the PI APP and its social energy are hundreds of times greater than the other two, which is unmatched by the other two projects. A promising future awaits!
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