So the Social mining application Pi is launching it's main net tomorrow amidst huge excitement.
I am very sure there will be many Hivians who have mined Pi in the past and perhaps still do at this present time.
I tried to KYC on numerous occasions without success... and most of my 'security' group had the same problem. Finally yesterday after jumping through many hoops my KYC was finalised. For the record I have a few thousand Pi
This may well be a long post but bear with me. Below are some of the articles around Pi mainnet launch. I have never seen such euphoric expectations since the days of Bitconnect. Below are some of the headlines ..... and of course Price Predictions
Could Pi Coin Hit $500? Open Mainnet Launch And Binance Listing ...
4 hours ago - Pi Network will possibly shift to an Open Mainnet on February 20, 2025, which could result in Binance and OKX listings. Pi Coin's price has doubled, approaching $100, with analysts expecting a breakout. If Pi Coin gets a successful launch, exchange listings....
Full article
Pi Network mainnet launch: HTX lists official Pi coin, speculation ...
1 day ago - Pi Coin from Pi Network: With only a few days to go for Pi Network’s official mainnet launch on February 20, the cryptocurrency world is afire with speculation and anticipation. Recently, the coin gained wide acceptance as HTX, one of the prominent
Full Article
Anyway a simple search will keep you reading (and shaking your head) for hours.
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Let me share my take
Firstly.... Tokenomics. That dreadful beast that 98% of 'influencers' ignore or evade discussing. Along of course future token unlocks .... but that is a story for another day.
Current circulating supply 5.96B
Maximum Supply 100.00B
So in a nutshell not even 6% of tokens are in circulation with the other 94 % held by the developers for mining rewards, Community project sponsorships and 20% for the development team (20 B)
White Paper
Pre-launch price currently on LBank exchange...between $75 - $80
So based on the 'current' trading price and the tokens in circulation when this lists on the 20th February it will have a market capitalization of about $442 Billion.... STRAIGHT INTO 2ND LARGEST MARKETCAP ...USURPING ETHEREUM INTO THIRD PLACE.
Now, I know we had crazy Meme launches but even at the height of the meme craze none of those 'projects' (I use the term loosely) even came close to challenging Ethereum.
If I was in the position to .... I would slap all my tokens on at $35 and pray some greater fool snaps them up. The proceeds would just buy me a few more .... substantially few more satoshi's in the king ... BTC.
I forecast this token will be trading between 12 and 15 CENTS within a week making for a still healthy market cap of $800 million
I would love to hear your opinions... especially my friend @edje ... an astute investor who has been around the block for sure.
Thanks for taking the time to read.. please share your thoughts in the comment section.