Pi Network, which is attracting attention in the cryptocurrency market, has announced that it will transition to the “Open Network” phase on February 20, 2025. This transition is expected to make Pi Coin widely available as a cryptocurrency with real-world use cases. This article analyzes Pi Network’s price prediction based on Market Cap and Circulating Supply, and compares it with other major cryptocurrencies such as Ethereum and XRP.

What is Pi Network?

Pi Network is a cryptocurrency project characterized by easy mining on smartphones. It started in 2019 and is scheduled to transition to the “Open Network” phase on February 20, 2025, after more than 6 years of development. This transition will enable connection with external systems, and trading on exchanges and utilization in the real world are expected.

Price Calculation Based on Market Cap and Circulating Supply

Market Cap and Circulating Supply are important indicators for predicting the price of Pi Coin. Market Cap is calculated as “Current Price × Circulating Supply” and indicates the total value of the cryptocurrency.

In the case of Ethereum

In the case of Ethereum (ETH), the market cap is approximately $324 billion, and the circulating supply is approximately 120.54 million ETH. In this case, the price per 1 ETH is calculated as follows:

324 billion dollars ÷ 120.54 million ETH = approximately $2687

In the case of XRP

For XRP, the market cap is approximately $119.8 billion, and the circulating supply is approximately 5.725 billion XRP. In this case, the price per 1 XRP is as follows:

119.8 billion dollars ÷ 5.725 billion XRP = approximately $2.09

In the case of Pi Network

For Pi Network, the circulating supply is currently assumed to be approximately 6 billion Pi. If the market cap is $1 billion, the price per 1 Pi is calculated as follows:

1 billion dollars ÷ 6 billion Pi = 0.1 dollars

On the other hand, if the market cap reaches $324 billion, similar to Ethereum, the price per 1 Pi will be as follows:

324 billion dollars ÷ 6 billion Pi = approximately $54

Expectations Based on Comparison with Other Cryptocurrencies

Compared to major cryptocurrencies like Ethereum and XRP, Pi Network faces many challenges to achieve a market cap equal to or greater than theirs. However, the possibility is expected to expand as real-world use cases increase with the transition to the “Open Network” phase.

Expectations for Exchange Listing and Use Cases

The planned listing on exchanges on February 20, 2025, will be a major turning point for Pi Network. Some exchanges, such as OKX, have already started accepting Pi Coin deposits, and this movement could generate further demand. Furthermore, in the “Open Network” phase, connection with external systems will be possible, and the development of new use cases is expected.

Uncertainty and Hope in the Cryptocurrency Market

The cryptocurrency market is highly uncertain, but stable growth is expected as use cases are strengthened in the “Open Network” phase. Even if the price does not reach the expected level in the initial stage, its value may increase through new applications and business models.

Summary

Pi Network is attracting attention due to its unique concept and large community. As can be seen from the price predictions based on market cap and circulating supply, its potential is unknown. Pi Network is entering a new phase with the transition to the “Open Network” phase. It is necessary to monitor its movements and analyze and judge information for oneself.