Earlier this year, Pi Coin (Pi Network/PI) experienced a remarkable surge in popularity and price
PI reached an all-time high of $2.99 as the bigger crypto market was declining in late February. From its February high, PI’s price has dropped 79.3%.
After its recent decline, PI appears to be recovering. Over the last 24 hours, the asset has gained 6.8%; on the weekly charts, it has gained 1.2%; and over the last month, it has gained 8.1%. The asset is down 4.4% in the 14-day charts despite the rally.
How Long Until a $1 Million Result from a $1000 Investment in Pi Coin?
Buying $1000 worth of Pi Coin (Pi Network/ PI) today will get you roughly 1618.06 coins. Each coin must be worth about $618.03 for 1618.06 coins to be worth $1 million. From present prices, PI must increase by almost 99904.8% to reach $618.03.
Telegaon claims Pi Coin might cross $600 in 2050. The platform expects the asset to trade at a maximum price of $607.25 in 2050. According to Telegaon, the coin will reach the $618.03 goal sometime following 2050.
At the moment, Pi Coin lacks much use. Speculative motives appear to be driving the asset’s price movement. This feature of the project makes it dangerous and likely to experience erratic price changes. Should the project increase more usefulness, the asset might reach the $600 goal far earlier.
Over the next few years, the cryptocurrency sector is also anticipated to expand quickly. Many expect Bitcoin (BTC) to cross the $1 million threshold by decade’s end. Under such conditions, Pi Coin’s price could soar.
