New Pi coin to launch? What to know about this much-hyped cryptocurrency

Dubai: After Pi Network, the cryptocurrency and developer platform that enables users to mine Pi coins, set February 20 for its Mainnet launch after multiple delays, the Pi coin’s speculative price surged by nearly 70%, rallying from less than $50 to over $90.

Mainnet launch is used to describe when a blockchain protocol is fully developed and deployed, meaning that cryptocurrency transactions are being broadcasted, verified, and recorded on a distributed ledger technology (blockchain).

What if Pi coin doesn’t launch?

If Pi coin doesn’t launch in a week’s time after multiple delays, multiple experts weigh how the so-called investment opportunity will prove to be a gimmick set to manipulate prices by creating hype. This is why there is caution and skepticism. Also, Bybit CEO Ben Zhou has flagged uncertainty around Pi Network.

“Like most other cryptocurrency prospects, Pi’s future growth potential boils down to the launch price,” said Brian Deshell, a UAE-based cryptocurrency trader and analyst. “A critical factor for Pi Coin’s launch price is whether major exchanges support it.”

“So the price you are seeing now is obviously not the real price as the coin is yet to be launched. So what price is it? It’s an IOU price, which are not transferable across exchanges, making them a speculative tool rather than a true market price indicator.

How high will the price of Pi go?

“Once actual trading opens, prices will be dictated by real demand, sell-side liquidity, and exchange availability. With countless early adopters and rising speculative interest, many are asking what the launch price of Pi coin might be once real trading begins. That’s not easily determinable.”

Aside from exchange support, a number of key factors will determine its market valuation. This includes varying demand among early holders, market sentiments prevalent at the time, and the price point anchoring different markets.

The initial trading value of Pi Coin might fluctuate between $20 and $80. Intense selling pressure could drive it toward the lower spectrum, whereas strong demand and solid backing from exchanges might sustain it above $50. As the market establishes its true worth, investors should anticipate significant price swings.

Will Pi turn out to be a good investment?

Pi Network is still in its early stages and hasn't been fully launched on major exchanges yet. Whether it's a good investment depends on several factors, including its future adoption, utility, and how the project develops. Here are some key considerations:

Perks:

· Pi has millions of users, which could drive adoption if the project succeeds.

· If it gains real-world use and exchange listings, early adopters might benefit.

· Users can mine Pi with just a smartphone, making it more accessible than Bitcoin.

Risks:

· Pi is not officially listed on major exchanges, making its real value uncertain.

· The project needs strong real-world use cases to succeed.

· Like many cryptos, it could face regulatory challenges in the future.

Bottom line:

If you’re considering Pi, treat it as a speculative bet rather than a guaranteed investment. Until Pi is officially listed and has a functioning ecosystem, its true value remains unknown. Always do your research and be cautious with crypto investments.