Will Pi Network’s PI Rise to $10? Full Analysis

It is common to see big dreams and big questions forming in the cryptocurrency industry. Recently, the question, “Will Pi Network’s $PI token reach $10?” seems to be on everyone’s lips. With a newly reached Open Network stage and user base of 60+ million, Pi Network is creating a lot of discussion, with some calling it revolutionary and others skeptical of its legitimacy. 

In this article, we’re putting it all together to explain the functionality of $PI, the developments until now, and what factors could potentially increase (or decrease) its value. 

Why Did The Pi Network Become Popular So Quickly

Pi Network’s surge is remarkable. By the start of 2025, its user base had exceeded 60 million people across the globe. Even for a project that has been operational for six years, such a figure is enormous. 

What is even more impressive is how they achieved this growth. One reason is the referral system. People are incentivized to invite their friends, and in return, their mining rate increases. This concept has gained a lot of traction in Southeast Asia, Africa, and parts of the United States. In addition, the promise of free coins has played a part. Since the barrier to entry is virtually zero, millions of users jumped at the chance.

The app’s ease of use has contributed too. With minimal information about blockchain, all users need to do is tap and go. With time, Pi was able to foster a community of “Pioneers” who were waiting and hoping their taps would translate into something significant. Right now with the PI token entering the open market, the world is waiting to see if their hope and effort truly transforms into something valuable…

The Open Network Launch: Is It a Game Changer?

February 20th, 2025 marked a significant day for Pi Network. With the launch of Open Network, $PI was no longer trapped within the app. Over 1 million users who had completed the Know Your Customer (KYC) check could transfer their coins to a live blockchain known as Pi’s mainnet. In the early months of March, the team also distributed approximately 188 million PI tokens to verified users, with plans for additional distributions yet to come. 

Now, the launch has facilitated real trading, and several exchanges, including OKX, have already listed PI. Reportedly, its price has bounced from $1.60 to $1.90 following initial trades. While that may be the case for now, the question that lingers is, will it be able to rise any higher? To reach $10, many things would have to progress in the right direction. Let's examine what might propel the price boom, and which factors could lead to a downturn.

What Are the Possible Factors for $PI to Reach $10?

For PI to reach $10, a few key things need to happen;

First, demand has to grow. Pi has a massive base of 60 million users. If a chunk of those Pioneers choose to either hold on to their coins or spend them, that could keep the price climbing. Several merchants in Florida and Thailand accept PI, and a car dealer in China took it for a sale. If more businesses jump on board, demand could increase. 

Second, big exchange listings matter. PI is on a few platforms, but if Binance or Coinbase add it, that could bring in a lot of new buyers. When a coin is listed on a major exchange, its price may rise because of the increased number of people trading it (though this is not guaranteed). Pi’s team has hinted at working toward such listings and 87% of the voters in a recent Binance poll wanted PI listed on the exchange.

Thirdly, the ecosystem has plenty of room for improvement. Pi Network is not limited to just trading coins. It has established a marketplace for apps and services that utilize PI. If developers launch some actually useful decentralized apps (dApps) on the Pi blockchain, it could indeed increase the demand for the token.

Lastly, the PI supply definitely impacts the token’s value. According to CoinMarketCap data, PI has a circulating supply of over 7 billion tokens out of a maximum supply of 100 billion tokens. On one hand, if the market is saturated with excessive coins, prices can fall. Luckily, it seems the team is dispersing them gradually and accompanying them with KYC restrictions, trying to control who receives them (for better or worse…). If the right balance is found in issuing more coins, this could be beneficial for PI in terms of long term sustainability.

Where Does $PI Stand Today?

If you looked at the market on March 6, 2025, you would have seen that PI is still in its infancy stage and is trading at around $1.91. The market cap as seen on CMC is around $13.4 Billion. To put the PI tokens at $10, the market cap will need to be around the $70 Billion mark, which means PI has to grow by 5-6x. This is achievable, but it is by no means guaranteed. It also ignores the fact that PI’s circulating supply could increase dramatically.

In comparison with its competitors, Dogecoin is a meme coin that lacks tech innovation, yet it managed to soar to $0.70 at its peak during 2021, which made it worth billions, with the value completely dropping afterwards. On the other hand, PI has a bigger user base with a functioning blockchain, which proves that transitioning from boom to bust is reasonable. Although the future value of PI may seem positive to some, the token is indeed still far off from its desired target, and there are many unforeseeable hurdles on this path.

The Community's Take

Pioneers are very much involved in the working of the ecosystem, taking to X to speculate that the token could reach $10 in the near future - something that could be spurred by a Binance listing. However, there are broader, skeptical opinions that oppose this theory citing sell-off risks that foretell another speculative scenario. 

However, the concern that remains is the “80/20 problem,” with an unlikely massive growth potential toward sustaining ideal balance within the community. What 60 million users can do for Pi is favorable if they decide to stay and create value, and if this transpires, then $10 may indeed be possible.

Will PI ever be worth 10 dollars? Nobody expects it to reach those heights in the near future because the Pi Network still needs strong adoption by consumers, major exchanges, an increasing ecosystem, and reasonable supply management. While those prerequisites aren’t impossible to achieve, they are quite a long way off…

The network is expected to receive fresh mainnet launches and already has around 60M active users. Places like Thailand and Florida showcase the promise of real world utility as well. Nevertheless, a weak crypto market and lack of trust threatens to cripple it. For now, it’s a waiting game. The story of $PI is in its early chapters, it could very well be possible to see $10, but only time will tell for sure.