Pi Network (PI) trades around $0.19 with most quant models pinning it in a cramped $0.12–$0.20 band through 2026 as token unlocks, patchy listings and soft demand keep any meaningful upside firmly capped.
Summary
- Pi Network (PI) is trading around $0.19 today, with a live market cap near $1.88 billion and 24‑hour volume of about $25–26 million.
- Quant models mostly see PI stuck in a $0.12–$0.18 range through 2026, with a base‑case year‑end target around $0.13–$0.18—down modestly from current levels.
- Recent and upcoming token unlocks, combined with tepid demand and limited exchange access, are keeping a lid on price even as open mainnet and ecosystem promises remain in place.
Where PI trades today
Pi Network (PI) is currently changing hands at about $0.1898, according to the Pi Network price page on crypto.news, with 24‑hour volume near $25.47 million and a market capitalization of roughly $1.88 billion. That puts PI at rank 46 by market cap, with a fully diluted valuation of about $2.89 billion based on a 100 billion maximum supply.
Other trackers line up in the same band. CoinGecko quotes PI at $0.1702 with a 24‑hour volume of around $22.9 million and a 7.7 billion circulating supply figure, implying a market cap closer to $1.31 billion. Crypto.com shows a spot price of $0.1699, down about 4.97% on the day and 9.21% over the week, and Kraken’s listing has PI at $0.17 with a 5.86% 24‑hour drop. The slight discrepancies stem from different circulating‑supply assumptions and which IOU versus mainnet markets each site tracks.
2026 outlook: narrow range, modest downside bias
Model‑driven forecasts lean cautious. CoinCodex, summarized in a recent Capital.com analysis, pegs PI’s current reference price at about $0.1726 and projects an end‑2026 level of roughly $0.1316—about 25% below that mark. Its table shows a 2026 trading range between $0.1207 and $0.1760, with sentiment flagged as “bearish,” a neutral 14‑day RSI of 50.83, and PI sitting below its 200‑day SMA of $0.1966 but near its 50‑day SMA of $0.1768.
Gate’s research desk, also cited by Capital.com, is slightly more constructive. It estimates an average PI price around $0.2082 for 2026, with a band between roughly $0.1582 and $0.2706, arguing that current levels sit near the center of its modeled range. Binance’s dedicated Pi Network prediction page is more short term, projecting daily values in a tight $0.175–$0.176 corridor for early May 2026 and an incremental climb toward roughly $0.223 by 2031, implying a 27–30% gain over five years.
Crypto.news took a longer perspective in its Pi coin 2030 story, noting that PI sat near $0.20 in late 2025 with high volatility and that 2030 forecasts spanned from fractions of a cent to around $1 depending on assumptions about exchange listings, token unlocks and real‑world utility. That piece made two blunt points: a $1,000 target is fantasy, and even $1 requires a combination of full open‑mainnet adoption, sustained app growth and much broader listings than exist today.
Token unlocks, weak demand and key risks
The immediate headwind is supply. A February 2026 crypto.news story highlighted that PI had “crashed for three consecutive days” and was hovering near all‑time lows ahead of a big token unlock. Data from PiScan cited in that piece showed that roughly 205 million tokens—worth over $27 million at the time—were scheduled to be released over the remainder of the month, including more than 37 million in just two days. The article argued that with demand waning, those unlocks were likely to push price toward $0.10, especially as macro data (strong U.S. jobs numbers) kept rate‑cut hopes in check and weighed on risk assets broadly.
The structural uncertainty goes beyond any one unlock. As the 2030 story stressed, a huge share of PI remains locked, KYC completion is uneven, and exchange access is still partial, which makes price discovery messy and amplifies slippage when large holders move. Capital.com’s forecast roundup points to the same issues: future performance depends heavily on how and when more tokens enter circulation, how the project manages sell pressure from early miners, and whether it can convert its large nominal user base into on‑chain activity that justifies a richer multiple.
Taken together, the base case for 2026 is not a moonshot but a grind: most quantitative models cluster PI somewhere in the $0.12–$0.20 area, with a slightly negative skew from today’s ~$0.19 and wide uncertainty bands tied to unlock schedules and liquidity. If listings broaden and actual usage ramps, you can make a case for the upper ends of those ranges. If unlocks keep outrunning demand, the path toward $0.10 that crypto.news flagged in February may not be finished yet.
