Pi Network Price Prediction | The value of Pi?

Let’s talk about Pi Network Price Prediction. What is the value of Pi?

As pioneers, one of the things that motivates us to keep mining is the future value of Pi.
We have recorded many price predictions for Pi Network all around the globe. Everyday, pioneers share Pi transactions on Twitter and Facebook, especially.

Before Pi Network Price Prediction

Before we delve into what could be the value of 1 Pi at open mainnet, we have a disclaimer.
Disclaimer: This is simply a price prediction and not an official value declaration.

Now, On March 14th 2019 (Pi Day), phase 1 of the project began when there were 3.5 million active participants.
The second phase of the project began a year after the first Pi commercials were published in May 2020 to raise money for the project.

Also, one user/pioneer must have one Pi account, just to clear the air.

Mathematically, Pi (π) is the ratio of the circumference of a circle to its diameter and is approximately equal to 3.14159.
It then seems to make sense as to why the value for one Pi coin should have variations of the value for one mathematical Pi.

Obvious Variations

The first Pi mining rate started at 3.14π per hour. Remember Pi Day? 14th March? That’s simply “3.14”, implying “March 14th”. Then we saw phase 1 starting at 3.5 million pioneers, another variation of the Pi value, although not as exact. It is based on some of these variations that Pioneers (Pi coin miners) came up with possible price predictions. Some predicted $3.14, $31.4, $314, and also $314,159 as 1 Pi coin’s value.

Let us pick two extremes;
For those who predict $3.14, they insist market cap will be outrageous if the value of Pi is anything greater than that.
For those who predict $314,159, they insist Pi supply is limited and hence Pi must have a very high value so the coin doesn’t get spent too fast.

Mining Rate vs Price Prediction

Because the total supply of Pi is only 100 billion tokens, the pi mining rate has to drop from time to time.
When PI hit 100,000 users, its mining rate dropped from 1.6 to 0.8 per hour. It dropped again to 0.4 and then again to 0.2 per hour at 1 million users. 

Pi Core Team says halving the mining rate protects the scarcity of the coin. This means that the coin should not be valued too low as that will defy scarcity protection. Isn’t that right?

In fact, when Pi Network achieves 100million miners, mining rate will half again. This is to further protect the pi coin scarcity.
If pi coin aims at reaching billions among the world’s population, then we have very limited supply of 100billion coins.

Assume 7billion people in the world share 100billion pi coins. Each person on average receives about 14.2π (an assumption).
This 14.2π engages in transactions for say 31.4years or more. And the only way to earn more Pi as a pioneer is to sell a product or render a service. If that is the case, then hypothetically speaking, Pi being $3.14 is way to small a value. Because that will be 14.2π * $3.14 = $44.59.
We are not saying Pi cannot be valued at $3.14 per Pi. We are only saying $3.14 will be very small a value for Pi and hence will deplete very fast in pioneers’ hands.

So then, we might consider a value above $3.14 which still has a 3.14159 variation.
We might be looking at any value from $31.4, $314, $3,141 or $314,159 ($31,141 is missing here).

Market Caps vs Pi Price Prediction

Pi Network is on Coinmarketcap, Coingecko and Binance, awaiting open mainnet.
Once we go live, the coin has to display some market capitalization (marketcap).
The coin with the highest marketcap now is bitcoin: $371,847,478,695 (at the time of writing this article).

Some pioneers find it unreasonsable and uneconomical to showcase a marketcap of trillions of dollars for a new coin.

New in the sense that, it just got to the mainstream crypto market.

Also, assuming we have 70% of Pi Supply (7,000,000,000) as circulating number of coins.
$31.4 * 7billion = $219,800,000,000 marketcap. This will be in 2nd position above Ethereum.

Still assuming we have 70% of Pi Supply (7,000,000,000) as circulating number of coins.
$314 * 7billion = $2,198,000,000,000 (2.1 trillion dollar marketcap).

Still assuming we have 70% of Pi Supply (7,000,000,000) as circulating number of coins.
$314,159 * 7billion = $2,198,000,000,000,000 (2.1 quadrillion dollar marketcap).

In as much as Pi is meant to be just Pi, it eventually must have a dollar (numerical) value.

We should expect Pi’s value to hover between $31.4 to about $314 and in very extreme cases $314,159.
This is the possible Pi Network Price Prediction. Be the judge.

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