Shortly after listing, Pi Network quickly reached a market capitalization of over $3.2 billion USD, shaking the crypto community. With over 6.3 billion PI unlocked, many investors are questioning whether this is the right time to buy in or if there are significant risks to be concerned about. Let’s analyze this project, its key figures, distribution strategy, and the future potential of Pi Network in detail!
Overview of Pi Network
What is Pi Network?
Pi Network is a blockchain project that allows users to mine cryptocurrency (PI) directly on their mobile phones without the need for powerful hardware. Launched on March 14, 2019, by a group of experts from Stanford, Pi Network aims to build a decentralized economy where PI coins can be widely used for transactions and practical applications.
Highlights of Pi Network
- Easy Mining: Does not consume energy like Bitcoin or Ethereum; simply press the activation button each day.
- Uses Stellar Consensus Protocol (SCP): Does not require miners to compete in solving algorithms like Proof-of-Work (PoW).
- Decentralized Ecosystem: Aims to build a network of applications that use PI as a medium of exchange.
Despite having a massive user community with over 100 million accounts, Pi Network still faces controversy surrounding the liquidity and true value of the PI coin. However, with the recent listing event, everything has changed.
Shocking! Pi Network Figures After Listing
The listing of Pi Network on OKX, HTX, and XT.COM immediately created a wave of vibrant trading. The figures recorded in the first 24 hours were extremely impressive:
Key figures:
- Market Cap: Over $3.2 billion USD.
- Maximum Total Supply: 100 billion PI.
- Current Total Supply: 9.7 billion PI.
- Number of PI Unlocked: 6.3 billion PI.
- Trading Volume in the First 24 Hours: Over $400 million USD.
- PI Price Fluctuated Sharply from $1.8 – $3.2 USD.
Impact of these numbers on the market:
The Pi Network community has become more active than ever, with many PI holders from before taking the opportunity to sell and lock in profits.
- FOMO (Fear Of Missing Out) psychology appeared, attracting the attention of many small lẻ investors.
- The price of PI tends to fluctuate sharply, reflecting the initial instability as the project enters the stage of actual trading.
- However, the most important question remains: Can the value of PI be maintained and grow in the long term?
Details of Pi Distribution and Its Impacts
One of the crucial factors determining the long-term value of Pi Network is the token distribution mechanism.
Details of the 100 Billion PI Allocation
80 Billion PI (80%) for the community:
- 65 billion PI for mining.
- 10 billion PI to support the ecosystem.
- 5 billion PI to ensure liquidity.
20 Billion PI (20%) for the development team.
Impact of Supply on PI Value
The unlocking of 6.3 billion PI could cause strong selling pressure, especially when many people have been mining PI for years without the opportunity to sell.
The gradual unlocking mechanism helps limit inflation but still poses a problem regarding the actual use of PI.
Without enough practical applications using PI, the coin’s value may decline when buying demand is lower than the supply being sold.
To maintain value, Pi Network needs to promote practical use cases, such as payment integration, NFTs, blockchain games, or partnerships with large businesses.
Pi Trading Guide and Future Expectations
With Pi Network now available on OKX, HTX, and XT.COM, this is an important time for investors to consider trading strategies to optimize profits.
How to Trade PI on OKX
- Register an account on the OKX exchange and complete KYC verification.
- Deposit PI from your Pi Network wallet to the exchange (if you have PI mined from before).
- Select a trading pair (PI/USDT, PI/BTC…) and place a buy/sell order.
- Track price trends and set a Stop-Loss order to limit risk.
- If you want to withdraw money, you can convert USDT to VNĐ through domestic exchanges.
Pi Network Investment Strategy
- If you are a short-term investor: Monitor price fluctuations and take advantage of waves to trade quickly, locking in short-term profits.
- If you are a long-term holder: Hold PI and wait for the ecosystem to expand, hoping for long-term price increase potential.
- If you are an old miner: Consider selling a portion to recover capital, keeping the rest to wait for price increase opportunities.
Future Expectations of Pi Network
If Pi Network expands its ecosystem in reality, the value of PI coins may grow steadily.
If it is just an initial “pump & dump,” the PI price may fall sharply as the supply continues to unlock.
Cooperation with large businesses or integration with other blockchain ecosystems will be a key factor determining the long-term success of Pi Network.
The event of Pi Network reaching a capitalization of over $3.2 billion USD is an important milestone, proving that the project has entered a stage of real liquidity. However, with 6.3 billion PI already unlocked, Digicash Blog recommends that investors should be cautious of strong price fluctuations and consider a reasonable investment strategy.