Pi Network (PI) Price Prediction: Can Pi Coin Price Hit $50?

Pi Network price continues to outperform other cryptocurrencies, defying the gloomy forecasts made prior to its mainnet launch.

Despite gloomy predictions prior to its mainnet launch, Pi Network (PI) token price continues to outperform other cryptocurrencies.

The value of Pi has surged to almost $2, up by over 200% from its lowest level. Now, let’s explore the top three reasons why the coin may hit $50 by 2027.

1. Potential Pi Network ETF approval

One catalyst that may lead to a Pi Network price surge is a potential exchange-traded fund (ETF) approval by the Securities and Exchange Commission (SEC).

While no Pi ETF application has been made, there are chances that some Wall Street firms will take note and do that in the next few months.

That’s because Pi is a Made in USA coin that has become one of the biggest players in the crypto industry. Its market cap has jumped to over $13.4 billion, while the fully diluted valuation stands at over $191 billion.

This fully diluted valuation makes it the third-largest cryptocurrency after Bitcoin and Ethereum.

Pi Network’s valuation makes it bigger than other cryptocurrencies that have had ETF applications like Polkadot, Hedera Hashgraph, Litecoin, and Solana. It is also highly popular among users as evidenced by the daily volume which often ranges between $800 million and $1 billion.

In line with this, there are chances that Pi Network will be added into Donald Trump’s crypto reserves if the bill passes in Congress.

2. Pi coin exchange listings

Pi Network has performed well even as several crucial tier-1 exchanges have remained on the sidelines. Binance users voted overwhelmingly for the exchange to list the coin, but the exchange has not done it yet. There are chances that it will ultimately list the coin.

Also, key exchanges like Coinbase, Upbit, Kraken, and Gemini are yet to list Pi. Like Binance, they will likely do that as the coin’s popularity surges.

These listings will be notable due to the clients they target. Coinbase and Kraken are highly popular among American customers, while Upbit is popular among South Korean users. As such, this listing will likely lead to a Pi Network price surge.

3. Pi Network is not a scam and has utility

Moreover, Pi Network’s demonstrated legitimacy may lead to a price surge, as it is no longer considered a scam by many. Pi Network never stole funds from anyone and all the verified pioneers who completed their KYC process received their tokens. As such, this fact may attract more investors into the network over time.

Additionally, Pi Network will keep having utility as it attracts more developers to the ecosystem. There are now over 100 apps in the network, and some are becoming popular among users. Over 27,000 businesses have started to accept the coin.

Can Pi coin price hit $50?

Pi Network coin was trading at $1.90 on Thursday, meaning that it needs to jump by over 2,526% to get to $50. Such a remarkable increase is achievable in the crypto industry. Bitcoin price had surged from nearly zero in 2009 to over $100,000 this year.

Most recently, Mantra token (MANTRA) price has shot up by over 20,000% in the last 18 months. Therefore, the token can jump from below $2 to over $50 if there are enough catalysts to support the surge.