Recently, I’ve seen many Pi fans discussing a very interesting number—$3,141,59, saying this is the potential future price of Pi coin. I have to say, this expectation is indeed very bold, but it’s also worth analyzing the logic behind it carefully.

The story of Pi Network is actually quite unique. Founded in 2019 by a group of Stanford alumni, the core idea is to allow ordinary people to participate in mining using their phones, without needing to invest huge computational resources like Bitcoin. They adopted the Stellar consensus protocol instead of traditional proof of work, which was indeed innovative at the time. Up to now, Pi is still in the closed mainnet phase, not yet officially trading on mainstream exchanges, but according to plans, this situation will change sooner or later.

But here’s the question—is the number 3,141,59 really realistic? Honestly, I think it’s very difficult. First, from a market cap perspective, if Pi really rises to $314,159 per coin, the project’s total market value would reach hundreds of trillions of dollars, far exceeding the total size of the global financial markets. This simply doesn’t make economic sense.

Looking at the supply side, this is a core issue Pi faces. Millions of users have mined Pi for free; once trading opens, such a large supply will inevitably put pressure on the price. Imagine, those who participated in mining initially want to cash out, and suddenly a flood of sell pressure enters the market—how could the price possibly skyrocket to such an extreme level?

Another key factor is practicality. For Pi to truly be valuable, it must have real-world use cases. If large enterprises and financial institutions start accepting it for payments, or it gets integrated into DeFi applications, then its value could see a qualitative breakthrough. But honestly, that path still seems very far away.

We can compare it with Bitcoin. BTC took over ten years to approach $70,000, and its supply is fixed at 21 million coins, with strong institutional support. Pi’s infinite mining mechanism and lack of scarcity mean it’s very difficult to replicate Bitcoin’s achievements.

So, how should we view Pi? Based on current market data, Pi’s price is about $0.18, with a circulating supply of over 10 billion coins. A more realistic expectation is that once it officially goes online for trading, Pi’s price might fluctuate between $1 and $100, depending on market adoption and investor sentiment. Of course, if the ecosystem truly develops and gains real application value, exceeding this range isn’t entirely impossible.

In the end, while the number 3,141,59 has symbolic meaning, as a price target, it’s really overextending imagination. My advice is, rather than fixating on sky-high predictions, focus on Pi’s actual progress—when it will list on mainstream exchanges, whether it can build a real application ecosystem. These are the key factors that determine its long-term value. If these fundamentals can be realized, Pi still offers many opportunities for early participants.