As of now, Pi Coin isn't available for trading on major global exchanges, which means only Pi Network users can transact Pi among themselves. The coin’s current valuation is highly dynamic and largely swayed by a few major players, adding to the unpredictability of its price trajectory.

However, with Pi Network's impressive backing from a community of over 47 million users spanning 230 countries, this coin is likely to capture serious attention from investors and the broader crypto space once it officially launches in the open market. Speculation suggests this could happen as early as the second half of 2024 or possibly the start of 2025.

As Pi’s open market debut draws near, analysts expect a positive price trend throughout 2024-2025. This much-anticipated launch is a signal that the Pi Network has achieved three essential pre-launch milestones set by the team. These include rigorous advancements on the technological, legal, product, and business fronts. Additionally, Pi is holding out until 15 million users complete KYC and 10 million have successfully migrated to the Mainnet—a strategic approach to ensure long-term stability.

Pi Network has been proactive in enhancing its ecosystem, with recent updates like the launch of the Fireside Forum Web3 social platform in June 2023, followed by a decentralized moderation feature in December. The PiFest in December was another major highlight, allowing users to shop using Pi at local businesses. This event was a success across 155+ countries, offering a glimpse into Pi's potential as a widely accepted payment method.

Looking forward, Pi Coin is likely to make its first foray into the open crypto market by late 2024 or early 2025. While precise predictions remain challenging in this closed Mainnet phase, Pi Network’s expansive roadmap hints at exciting prospects. Over 20 active projects, such as Pi Wallet, P Chats, Pi Browser, and the Web3 developer platform Pi Developer, are set to drive the ecosystem forward and lay the foundation for a robust bull market post-launch.

Another critical factor impacting Pi's future price is its supply structure. With a massive total supply of 100 billion, a large fraction will remain locked even when Pi enters the open Mainnet phase. According to Pi Network’s whitepaper, around 10-20 billion Pi Coins will have been mined by the time of the open Mainnet release. Should Pi’s debut market price approach its current $37.5 estimate, it could propel Pi Coin to rank among the top cryptocurrencies by market cap.

Given Pi’s closed Mainnet phase and the limited visibility on trading trends, any price projections are speculative at best. But with 47 million devoted users and high expectations around the open Mainnet, Pi Coin is poised to generate significant price movements—both up and down.

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