Pi The Hottest Crypto on the Block! Future Price SpeculationPi is a cryptocurrency that has taken the crypto markets by shock. It has been getting slammed by calling it a scam or even a Ponzi scheme. From my research I couldn’t find where this speculation came from, since it doesn’t ask for money, yet it might take some user data to fund the server of the app through its ad feature that could be turned off for two weeks.
Speculation of a double digit, triple digit, or even the famous 300k per a pi is unrealistic at this current time or is it? Well, double digit is most likely, but it’s very slim unless I don’t see the full picture. To hit $50-$60 with current supply and not fully diluted supply, would make Pi worth more than Ethereum which is unlikely unless Pi is bigger in Africa and Asia than we expect. Pi is an XLM fork which is a fork of XRP. The max supply of Pi would be closer to XRP, but how it functions is closer to XLM. It uses an XLM protocol of trust and security mining. When you hit mine, it sends it to a node to verify that press and transaction. A lot of transactions on the network also go through the super nodes, yet those are few since Pi is also a centralized coin.
How centralized is it? Well, to move your Pi from your mining to your wallet you must perform a KYC. This helps bots, but also it creates an environment where if any criminal activity is found it can ban your wallet. Also, the process to become a super node, the Pi core team has approved you.
Trading this coin?
At the current price of Pi, I’ve given it a trading range of 0.63399-0.74111. It’s super early, but a mining rate for me of 0.08 with running a node and having 1 person it says I make about 3cents usd every hour. There isn’t a lot of new Pi coming into the market, besides the initial dump. There’s one problem now that could hult upward movement and that’s the US and UK have no exchanges that accept deposits or withdrawals. That’s a lot of Pi that can’t be sold or traded. A US and UK exchange to allow this could bring the price down to a new low of 0.50 or 0.40. At the moment in the US you can buy on HiBT and PionexUS, but can't deposit or withdraw.
Final thoughts?
-Pi has been slammed for years and now its out and hasn’t rugged, proves this project might be here to stay.
-Pi’s value is unknown without further knowledge of how widely used it is in places like Africa and Asia. Social media videos show its thriving and its followers on social media surpass top cryptocurrencies social media follower counts. There hasn’t been a big name backing this project yet. It is posted on Sandford as a sponsor, but that's where the founders went to school.
-Price range is 0.63399-0.74111 with 0.5-0.4 could come if US and UK sellers come in. I personally expected it to 0.20 for me with me mining a $0.01 an hour.
-There could be a moon rocket due to the amount of Pi that isn’t available to trade and not enough new Pi that is coming in the market.
Overall I’m bullish and with my Pi I mine, 3700+, I bought 1000+ more on Pi due to the supply shortage that could happen.
