CandleFocus Pi Coin Price Prediction: Analyst Says 10x Gains Soon
2025-02-22
Author: Content Editor
Pi Coin, which launched on various exchanges on February 20, 2025, saw a sharp drop in price, falling by 65%. Currently, Pi Coin is trading at $0.75, experiencing a decline of over 7% in the past 24 hours. Despite this, analysts, including Kim Wong, remain optimistic about the coin's future trajectory. The price has been relatively volatile since launch, ranging from $0.09 to $2.20. Analysts believe that once the coin breaks above the $0.80 mark, it could quickly move toward the $1 range and potentially reach $2. This breakout could be triggered by news of a Binance listing or progress in Pi's ecosystem development. Some early investors are disappointed with the low price, but confusion surrounding the circulating supply may be misleading. The actual number of unlocked Pi coins is 554 million, not 6.35 billion as listed by the market. Analysts believe that once new investors become aware of this distinction, the price of Pi Coin could rise significantly, potentially ten times its current value. Despite the drop, Pi Coin's valuation at $0.72 is considered reasonable compared to projects with similar circulating supplies.
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