Pi (PI) is a digital cryptocurrency token that has garnered significant attention within the crypto community. This guide provides a comprehensive overview of Pi's current market status, historical performance, and essential metrics, offering valuable insights for both new and experienced investors.
Current Pi (PI) Price and Performance
As of the latest data, the price of Pi (PI) stands at $0.4920**. Over the past 24 hours, the token has experienced a slight decrease of **-0.35%**. The trading volume for the same period is **$87.2 million, ranking #45 among all cryptocurrencies. Pi opened at $0.4803 and has since seen an increase of 2.43% from its opening price. After reaching a high of $0.4954, the token showed signs of consolidation.
Key Market Data
- Market Cap: $3.5 billion (Rank #34)
- Fully Diluted Valuation (FDV): $49.2 billion
- 24-Hour Range: $0.4783 - $0.4968
- Circulating Supply: 7,032,454,194 PI
- Total Supply: 100,000,000,000 PI
- Max Supply: 100,000,000,000 PI
- All-Time High: $2.74 (-82.01% from ATH)
Understanding Pi's Market Position
Pi is classified as a token and is not mineable. It was launched in 2019, and compared to the 441 other cryptocurrencies launched that year, Pi boasts a significantly higher trading volume. The average trading volume for 2019-launched assets is approximately $1.34 million, while Pi's volume is $87.2 million, indicating substantially higher market activity.
Price Performance Over Time
Pi's price is subject to the volatility common in cryptocurrency markets. Over different timeframes, its performance against the US Dollar (USD) and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) has varied:
| Timeframe | vs. USD | vs. BTC | vs. ETH |
|---|---|---|---|
| 1 Hour | +0.41% | -0.45% | -0.70% |
| 24 Hours | -0.35% | -0.41% | +0.19% |
| 1 Week | -8.61% | -9.59% | -8.72% |
| 1 Month | -23.74% | -25.25% | -21.41% |
Over the past 30 days, the token's value has decreased by 25.60% from its period high but has increased by 3.64% from its period low. For the past 52 weeks, the lowest and highest values recorded were $0.4013 and $2.98, respectively.
Technical Analysis of Pi (PI)
Technical indicators provide insights into potential market trends and trader sentiment. Here is a snapshot of key technical metrics for Pi:
- RSI (14): 42.34 (Natural) - Indicates the token is neither overbought nor oversold.
- Commodity Channel Index (20): -134.29 (Buy Signal) - Suggests a potential buying opportunity.
- Williams Percent Range (14): -91.79 (Oversold) - Implies the asset may be oversold and could be due for a rebound.
- Ultimate Oscillator: 40.27 (Natural) - Shows a neutral momentum.
- Moving Averages: Most Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) across various periods (10, 20, 30, 50, 100) are indicating "Sell" signals, reflecting a prevailing bearish trend in the shorter to medium term.
ROI and Volatility Metrics
Understanding risk and historical return is crucial for investment decisions.
- 3-Month ROI: -27.92%
- 3-Month Volatility: 72.70% (indicating high price fluctuation)
- Maximum Drawdown: -86.54% (the largest peak-to-trough decline)
- Win Rate (Streak): 39.66% (percentage of profitable days)
These metrics highlight the high-risk, high-volatility nature of the asset, which is characteristic of many emerging cryptocurrencies.
Trading and Exchange Information
Pi (PI) is currently traded on 11 active exchanges. The total trading volume represents the sum of all PI traded across these platforms. For markets where depth is provided, volume refers to the amount that can be traded within ±2% of the current market price. 👉 Explore real-time trading data
Frequently Asked Questions
What is Pi (PI) cryptocurrency?
Pi is a cryptocurrency token that operates on its own blockchain. It was launched in 2019 and is distinct from mineable coins as it utilizes other consensus mechanisms.
What determines the price of Pi?
Like most cryptocurrencies, the price of Pi is determined by supply and demand dynamics on various exchanges, influenced by broader market sentiment, project developments, and overall adoption.
How can I buy or trade Pi (PI)?
PI can be purchased and traded on several major cryptocurrency exchanges. You will typically need to create an account on an exchange, complete any verification processes, deposit funds, and then place an order for PI.
What does a high Fully Diluted Valuation (FDV) mean?
A high FDV, which is calculated as (Total Supply * Current Price), suggests a large potential market cap if all tokens were in circulation. It can indicate significant future selling pressure if those tokens are released to the market.
Is Pi a good investment?
The investment potential of any cryptocurrency, including Pi, depends on an individual's risk tolerance, investment goals, and market research. Its high volatility and recent negative ROI highlight the importance of thorough due diligence.
What is the significance of technical indicators like RSI?
Technical indicators like the Relative Strength Index (RSI) help traders gauge market conditions. An RSI below 30 often suggests an asset is oversold, while above 70 suggests overbought, though these should not be used in isolation for trading decisions.