So, Pi Coin is the talk of the town, but not in the way its fans were daydreaming about. With a whopping $15 billion market cap, itâs still lounging at a cozy #201 on CoinMarketCap (CMC). Meanwhile, Hedera, with its measly $9 billion, is strutting around at #11 like it owns the place. What gives? đ€·ââïž
It seems CMC has its own quirky way of ranking things. Unlike the cool kids, Pi Coinâs circulating supply was self-reported. CMC, being the cautious type, waits for a stamp of approval before updating rankings. So, here we are, Pi still stuck in the back row of the crypto classroom. đ
Just recently, Pi Coinâs supply status went from âunverifiedâ to âverified.â But surprise, surprise! The ranking is still as low as my motivation on a Monday morning. đ©
Crypto fans have taken to Reddit like itâs their second home, passionately arguing that Pi deserves a top 15 spot based on market cap alone. Theyâre convinced that a little recognition would attract investors and maybe even give the tokenâs price a much-needed boost. đž
After the Pi Network finally launched its long-awaited mainnet on February 20, the drama escalated. Pi Coin got listed on major exchanges like Bitget, OKX, and Gate.io, causing a brief 30% price surge. But, like a bad date, it didnât last longâby the next day, the price plummeted faster than my self-esteem after a breakup. đ
Now that CoinMarketCap has verified Pi Coinâs market cap, the burning question is: why hasnât the ranking changed? Some think CMC is playing it safe due to Piâs self-reported supply, while others are scratching their heads wondering what the hold-up is. Many Pioneers are still dreaming of a ranking that reflects the projectâs true worth. đ
For now, itâs a waiting game. Will CoinMarketCap finally give Pi Coin the recognition it craves, or will this saga continue? One thingâs for sure: Pi supporters are in it for the long haul, and theyâre not backing down anytime soon! đȘ
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2025-03-01 12:36