If You Didn't Mine PI, then this is for you.
Just in case you are caught in the #pi open network launch fever and you are becoming really desperate, looking to sell your other crypto holdings and go all in to buying the PI token from exchanges already selling the IOU's for as high as $60. My candid advice is DONT TRY IT
It is a very big psychological trap that both the #PiCoreTeam PI team and their community members are just preparing for you.
I will analyze this later but first lets look more at the token dynamics, I am continuing this from my previous post, in case you haven't read that, just check my post list and you will see the other PI post there
Tokenomics Cont'd.
Considering that Pi’s codebase is largely derived from Stellar with only minor tweaks, it’s hard to rationalize its valuation being much higher than Stellar’s, which stands at approximately $12.2 billion.
Assuming Pi’s valuation surpasses current estimates, a $15-billion market cap appears to be the maximum achievable at this stage. Consequently, Pi’s price would stabilize at around $3 per coin. However, this calculation does not consider the effects of inflation and the anticipated sell-off once the blockchain transitions to the open network phase.
With a maximum supply of 100 billion Pi and a market cap of $15 billion, the price per coin could potentially drop to $0.15 once all Pi are mined.
This is my point of view from a professional aspect of Blockchain analysis and Tokenomics research.
The power of a die hard community cannot also be underestimated.
THE TRAP:
This is something i have learned the hard way, but willing to share so others don't make the mistake.
So let's not forget that the Circulating supply of the PI token is approximately about 5 billion from the analysis I gave above. Also note that all of these tokens are already mined by individuals and as soon as the coin is available of exchanges more than 90% of these holders will dump their bag.
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