What Would Pi Coin Price Look Like if Pi Network Reaches XRP Market Cap?

Pi Network continues to cause a buzz across the crypto market despite price weakness. The community is bullish that Pi Coin could emerge as one of the largest altcoins, and possibly flip the market cap of XRP. This article explores the scenario of this happening and the catalysts that could drive such a bullish rally.

Pi Network Price If It Reaches XRP Market Cap 

Today’s steep decline in Pi Network price has pushed its market cap to $6.24 billion. In contrast, XRP has the second-largest market cap among altcoins of $138 billion. This means that Pi Coin would have to undergo a parabolic rally to compete against XRP. 

The market cap of crypto assets is measured using the price and supply. For context, Pi Coin has a total supply of 10 billion coins. Therefore, if Pi Network price were to reach a $138 billion market cap, it would have to surge to $13.80. 

Pi Coin has a history of making independent rallies when the rest of the crypto market stalls. Therefore, attaining the $13.8 price target when the XRP market cap remains constant at $138 billion is likely. However, if XRP also hits an ATH market cap of $186 billion, Pi Network price would reach $18.6 to equal Ripple’s market cap. 

Can Pi Coin Rally to $13? 

There are multiple reasons why Pi Coin price can rally to $13 and reach the XRP market cap. Speculation is rife that Pi Network is currently working on launching a cryptocurrency exchange. According to reports, the launch is likely in its final stages. 

If these reports are true and the Pi Coin exchange debuts, a rally to the $13-$18 price range is realistic. This launch will boost utility for the Pi Network token and help in increasing investor confidence. 

The other catalyst for such a rally is a possible listing of Pi Network on major exchanges like Binance, Coinbase, and Kraken. 

Lastly, a Coingape analysis revealed that a Pi Coin ETF might debut in the US, considering that it is a US-based coin. If any asset manager were to file for this product, Pi Network price is likely to surge past $13. 

Pi Network Technical Analysis 

The possible Pi exchange launch, upcoming exchange listing, and the likelihood of a Pi Coin ETF filing support a bullish Pi Network price prediction. However, for a parabolic rally to occur, Pi Coin would have to defy the bearish outlook on its 4-hour price chart. 

Pi Coin dropped to an oversold region after the over 20% drop in the last 24 hours. The RSI is reversing to the upside, which is an indication that the altcoin may have reached a local bottom, and is now making an uptrend. 

If traders start accumulating, the immediate resistance is at $1.17. Flipping this level decisively could cause a strong uptrend past $1.80 and later $3.  

Therefore, if Pi Network price were to rally amid bullish factors like rising utility and institutional interest, it is likely that its market cap could balloon past $100 billion. However, to flip the XRP market cap, it has to rally to between $13 and $18.

✓ Share:

muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.