Through our previous experiences with free mining cryptocurrency projects, we notice a recurring pattern:
The price drops after listing to levels close to the initial listing price. Pi appears to be no exception to this rule.
My personal prediction?
Pi's price could drop to levels close to $0.8, or even $0.7, and may even touch $0.6 — the price it started at on the platforms.
Why is this happening?
In projects where mining is free, there is a large group of miners who see the currency as an additional source of income, so they tend to sell the coins as soon as they are listed rather than holding them for the long term.
Examples of this scenario:
Core DAO: Started at $6, today its price is around $0.4.
ICE, OGC, OEX: They all went through the same scenario.
But the closest comparison to Pi is Core DAO, because both are layer 1 coins and were mined via mobile:
Core DAO:
Total supply: 2.1 billion
Available supply: 997 million
Market value: $453 million
Pi:
Total supply: 100 billion
Available supply: 6.8 billion
Current market value: $6.13 billion
Ranking:#23in the world
But these numbers are not the whole story!
The price is affected by liquidity and the "intention" behind selling currencies — not just supply and demand.
Is Pi's scenario different?
Yes, there are key points that make the Pi scenario different from others:
1. Robust blockchain and specific goals
2. An active and diverse community that extends to connect real life to the project.
3. The source is American - as happened with BTC, ETH, and XRB.
4. User Authentication (KYC), no one is anonymous in the network
5. Compliance with laws, which facilitates the global listing process.
But... why is the price still going down?
Naturally, any free mining coin starts a correction and decline phase after listing.
The category with large amounts must be "liquidated" to reduce centralization.
During the first months, network and user behavior is studied.
Liquidity is limited at first — as a kind of reward without affecting the market.
Important Notice: Pi cannot be technically analyzed at this time.
It's still early days — we're only in the first month of listing, and technical analysis needs at least 6 months to build a clear chart.
also:
The network is not yet complete
There are no smart contracts working.
Partnerships are still under the table
There are no listings on major platforms like Binance or American platforms.
Conclusion:
Pi is still in its very early stages, and fluctuations are normal. However, a final judgment requires time, liquidity, and the activation of the entire network. If the project executes its plan accurately, the scenario may differ from that of similar currencies.