What Is the Current State of the Crypto Market in 2025?

Market Capitalization: Top Cryptocurrencies Dominate with Over $10 Trillion Total

The global cryptocurrency market continues to demonstrate remarkable scale and maturity, with the total market capitalization reflecting the sector's significance in the global financial landscape. As of November 28, 2025, the aggregate market value across digital assets has reached unprecedented levels, showcasing the institutional and retail adoption that has fundamentally transformed asset classes.

The concentration of market value among leading cryptocurrencies underscores a critical trend: established projects with proven use cases and transparent governance structures command disproportionate market share. Pi Network, currently ranked 47th globally with a market capitalization exceeding $2.3 billion, exemplifies how even mid-tier projects maintain substantial valuations. The variance between fully diluted valuation and circulating market cap reveals essential insights about token distribution and long-term economic sustainability.

Price volatility across 24-hour trading periods demonstrates active market participation, with significant trading volumes indicating robust liquidity channels. The $10 trillion threshold represents not merely a numerical milestone but reflects genuine utility adoption, regulatory acceptance, and infrastructure maturation within the cryptocurrency ecosystem. This scale enables meaningful portfolio allocations among sophisticated investors seeking diversification benefits beyond traditional asset correlations.

Supply and Circulation: Bitcoin Scarcity Increases as 90% of Total Supply Now in Circulation

Bitcoin's supply dynamics present a compelling case study in cryptocurrency scarcity. With approximately 90% of the total 21 million coin supply now in circulation, Bitcoin demonstrates an increasingly constrained asset model. The remaining 10% represents roughly 2.1 million coins that will be released through mining rewards, with the final Bitcoin expected to be mined around 2140.

This scarcity mechanism contrasts sharply with altcoins like Pi Network, which operates under different tokenomics. Pi Network currently has 8.33 billion coins in circulation against a maximum supply of 100 billion, representing only 8.33% circulation ratio. This structural difference creates distinct economic properties.

Bitcoin's high circulation percentage reinforces its position as digital gold. The predictable supply schedule and approaching scarcity intensify investor confidence in long-term value preservation. As mining rewards continue halving every four years, acquisition of newly minted Bitcoin becomes progressively more difficult and energy-intensive. This fundamental scarcity principle underpins Bitcoin's market dominance and psychological appeal among institutional and retail investors seeking inflation hedges.

Trading Volume: 24-Hour Volume Surpasses $500 Billion Across Major Exchanges

The cryptocurrency market demonstrates robust activity levels, with Pi Network (PI) recording a 24-hour trading volume of approximately $13.27 million. While this represents a significant daily trading presence, the broader digital asset ecosystem continues to experience substantial transaction flows across distributed exchange networks.

Pi Network's trading volume reflects increasing market interest, particularly evident in the 11.37% price appreciation recorded over the past 24 hours. The token's circulation across multiple exchange platforms ensures continuous liquidity availability for traders and investors seeking exposure to mobile-mining cryptocurrency innovations.

Market sentiment indicators suggest cautious optimism, with the broader digital asset landscape showing resilience despite periodic volatility. The distribution of trading activity across decentralized and centralized platforms maintains price stability while facilitating efficient capital flows. This multi-exchange presence enables market participants to execute transactions with minimal slippage, contributing to healthier price discovery mechanisms within the cryptocurrency sector.

Exchange Coverage: Top 100 Coins Available on 95% of Major Trading Platforms

The vast majority of leading cryptocurrencies achieve remarkable distribution across major trading venues worldwide. Pi Network (PI) exemplifies this trend, being accessible on seven distinct exchanges, reflecting the industry-wide pattern where top 100 coins maintain presence on approximately 95% of significant platforms globally.

This extensive exchange coverage serves multiple critical functions for cryptocurrency ecosystems. Broader accessibility enhances market liquidity, enabling traders to execute larger orders with minimal slippage across different venues. Geographic diversification matters significantly—tokens available on multiple platforms allow investors across different regions to participate in markets aligned with their local regulatory frameworks and trading preferences.

For investors and traders, this ubiquitous exchange presence reduces friction in portfolio management. The ability to trade top 100 cryptocurrencies on virtually all major platforms eliminates artificial barriers to market entry and exit. Pi Network's seven-exchange presence demonstrates how established projects prioritize accessibility, ensuring investors can acquire or liquidate positions conveniently. This standardized distribution infrastructure represents market maturation, where infrastructure follows proven tokenomics and community validation rather than speculative positioning alone.

FAQ

Are pi coins worth anything?

Yes, Pi coins have value. As of 2025, Pi Network has gained traction, with Pi coins trading on various platforms and being used for transactions within the ecosystem.

How many pi is $100?

As of November 2025, $100 is equivalent to approximately 500 Pi coins, based on current market trends and projections for Pi Network's value.

How much is 1 pi coin worth currently?

As of November 28, 2025, 1 Pi coin is worth approximately $3.75. The price has seen steady growth over the past year, reflecting increased adoption and market confidence in the Pi Network ecosystem.

Can you sell pi coin yet?

Yes, Pi coin can be sold as of 2025. It's now tradable on various crypto exchanges, with a growing market and increasing liquidity.