The Pi Network price has plunged after its mainnet launch in February, resulting in substantial losses for pioneers. However, in the past, many cryptocurrencies like XRP and Solana have staged a phoenix-like recovery after plunging. This article explores whether a $10K investment in Pi Coin can help one become a crypto millionaire.
Pi Network Price Target to Turn $10K into $1 Million
The Pi Coin price was trading at $0.66 on Thursday, down sharply from its all-time high of $3. At this price, a $10,000 investment would give one about 15,151 Pi coins.
Thus, for the value of these tokens to reach $1 million, each needs to be trading at $66. This figure is achieved by dividing $1 million by the number of coins (15,151).
As such, the question is whether the Pi Network price will ever jump to $66. For that to happen, it would mean that the token has a diluted market cap of $6.6 trillion since the supply limit of Pi is 100 billion.
READ MORE: Pi Network Price Could Crash 55%, Top Crypto Expert Warns.
A $6.6 trillion valuation is a substantial number that may seem unattainable. If it were a country, it would be the third-largest one, after the United States and China. It would also be much bigger than Apple, Microsoft, and Broadcom combined.
Such a move would mean that other cryptocurrencies would be much higher than they are today. Historically, cryptocurrencies have tended to move in sync with one another. At $66, Pi Network means that Bitcoin should be in the millions.
Therefore, it is highly unlikely that a $10,000 investment in Pi Coin will yield a 100x return and make one a millionaire.
Most Realistic Pi Coin Price Prediction
The most likely scenario for now is where the Pi Network wakes up and surges to the all-time high of $3. A move above that level could lead the coin to reach the next psychological point of $5.
Three main potential catalysts could drive this scenario. First, a major exchange listing by companies like Kraken, Upbit, Coinbase, and Binance. Such a move would trigger a triple-digit surge as tokens like Orca and DeepBook did recently.
Second, Pi Network would need to address its tokenomics issues, which have led to concerns about dilution. This concern is primarily because millions of tokens enter the market each day, at a time when demand is not very strong.
Finally, the ecosystem must be highly robust, which will create value for the network. Additionally, a more robust ecosystem could lead to increased token burns.
READ MORE: 1 Crypto to Buy This Week, 1 to Sell: Pi Network, Hyperliquid
