Pi Coin (Pi Network/PI) experienced a massive surge in price and popularity earlier this year. The asset quickly climbed the top 100 charts of projects by market cap. PI climbed to an all-time high of $2.99 in February of this year while the larger market was facing a correction. PI has made its way into the minds of many young investors who want to make it big within the crypto space.
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What’s Pi Coin’s Price If Its Market Cap Hits $15 Billion?
Hitting a market cap of $15 billion will take PI into the top 12 projects by market cap. PI currently has a circulating supply of 7.24 billion. If the asset’s market cap hits $15 billion, the price of each token will reach $2.07. PI’s price will rally by about 168% if it hits the $2.07 target.
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While the climb to $2.07 would be commendable, it still falls short of Pi Coin’s all-time high of $2.99. PI is currently down by more than 74% from its peak.
When Will The Asset Hit $2.07?
According to CoinCodex’s estimates, PI will face a correction over the coming weeks. The platform anticipates the asset to trade at $0.24 on June 14. PI’s price will face a 68.8% dip if it falls to the $0.24 mark.
There is a possibility that PI will pick up the pace and not face a correction. We may witness a market-wide rally if the Federal Reserve announces an interest rate cut. A rate cut could lead to investors taking on more risks. A market-wide price upswing could lead to PI reclaiming the $2 mark.
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One worrying aspect about PI is its lack of utility. The asset could climb to new highs if the project can bring more real-world utility to the coin.