Pi Network (PI) Mainnet Launch Captures Crypto Investors' Attention, But Can It Hit $100?

Pi Network has built a huge following, mostly under the crypto radar. Launched in 2019 by Stanford researchers, the mobile-focused project took a different path from its competitors, drawing interest and skepticism.

After years in the making, Pi Network’s (PI) mainnet launch has arrived.

Now trading at $1.60, many early users are speculating on PI’s price potential. Can the new coin deliver market-beating returns and hit $100?

Here’s a closer look at PI’s strengths and weaknesses, and whether hitting $100 is realistic.

Pi Network Mainnet Launch Grabs Crypto Investors’ Attention

Pi Network has quietly built a huge following under the crypto radar. Launched in 2019 by Stanford researchers, the mobile-focused project took a different path from its competitors, drawing both interest and skepticism.

Users earn PI coins by simply tapping a button in a phone app daily and building trusted circles. Many dismissed Pi Network’s setup as unrealistic, claiming that a cryptocurrency mined on phones without heavy hardware could be impossible.

Even with the skeptics, Pi Network kept gaining traction, attracting over 60 million users by June 2024. These users kept at it, checking in daily for PI coins they couldn’t yet trade.

Now, Pi Network has reached a turning point. It’s shifting from its “Enclosed Mainnet” to a live blockchain. With 18 million KYC-verified users and 10 million already on the mainnet, Pi Network looks ready to take off.

The big question is: how high can the PI coin go once it hits exchanges?

PI Coin Price Prediction – Is $100 Realistic or Just a Dream?

At a current price of $1.60, the $100 mark for PI might seem like a pipe dream – but is it realistic?

Based on the coin’s 100 billion supply, a $100 PI would indicate a $10 trillion market cap. That’s massive – it would be over five times larger than Bitcoin’s market cap.

However, the key point is that not all PI coins are circulating. The actual number is much lower than 100 billion, limited to verified users on the mainnet.

So, with only around 10 million migrated wallets, the math gets easier.

Pi Network does have some legitimate strengths that could push PI’s price up in the days and weeks ahead. Its huge user base is a real plus point, and its mobile-first design also makes it accessible to many people who haven’t been involved in crypto before.

Still, hitting $100 in the near future seems unlikely. A more realistic goal might be $10-20 as the project’s ecosystem grows and the initial hype settles.

Investors should also be wary of the challenges ahead. Network congestion could plague Pi Network, and regulatory scrutiny might ramp up now that real money is involved.

Plus, with many early miners potentially looking to cash out after years of waiting, selling pressure is likely to be enormous.

Is Solaxy the Next Big Crypto After Pi Network? SOLX Token Presale Raises $22.4M

Pi Network’s launch has everyone talking, but some investors are already eyeing the next big thing – which could be Solaxy (SOLX).

This new project is building the first Layer-2 scaling solution for Solana. Think of Solaxy as an express lane for the Solana blockchain.

When the main chain gets busy, Solaxy’s Layer 2 ensures that transactions can occur quickly and cheaply.

This setup addresses a real issue for Solana users: congestion. So, does Solaxy have even bigger potential than Pi Network?

Since it’s building on Solana’s existing blockchain, which already has an enormous community of developers and users, Solaxy could see faster adoption than Pi.

That’s because it doesn’t need to build its ecosystem from the ground up.

Solaxy’s presale success is another promising sign – raising over $22.4 million shows serious investor interest.

Right now, investors can buy the native SOLX token in presale for just $0.00164. The token will serve multiple functions within Solaxy’s ecosystem, like handling transaction fees and governance voting.

Crypto expert ClayBro believes this setup could help SOLX’s price “explode” once it goes live on exchanges.

Ultimately, the future looks bright for this new Layer-2 project. While the $100 mark for PI might seem far-fetched, Solaxy’s focus on a proven solution in an established ecosystem suggests it might have stronger growth prospects.

Visit Solaxy Presale