Pi coin price forecast: What are the prospects of untraded Pi cryptocurrency?
We will explore the value and history of Pi coins, as well as their potential price.
The Pi Network, a decentralized crypto-mining platform, was created in 2018 by Stanford University graduates Dr. Nicolas Kokkalis & Dr. Chengdiao Fan. They realized there were many obstacles to crypto adoption and accessibility, and set out to create the next generation of web that seamlessly integrated blockchain technology. Pi Network was their solution, and it officially launched on Pi Day (March 14, 2019).
Pi Network, unlike traditional cryptocurrencies which rely on energy intensive mining processes, allows users to mine Pi Coins (PI) from their smartphones. This means that batteries are not drained and electricity is not consumed. The project became popular due to its focus
What is Pi?
Pi Network stated that its goal is to democratize digital currency access by allowing anyone with a phone to mine. The Pi Network app allows users to mine PI coins by tapping a button once every 24 hours.
A member of the network must send you an invitation code to sign up for the app. The “nodes” are a grouping of users who verify the transactions. The nodes form “security circles”, in which users select a small group of trusted individuals who can vouch for their actions. This structure is designed to prevent fraudulent transactions.
The hourly rate of mining is determined by when a user signed up. The earlier they joined, the more the rate will be. Users can increase their hourly mining rate by inviting other users or creating a security group.
PI coin values
Pi is not currently integrated into any major blockchains or available on prominent exchanges. PI coins are only available by mining them in the PI Network App. They can be used to buy products and services from Pi’s peer-topeer marketplaces. The app stores the coins of users and they cannot be sold, exchanged, or withdrawn.
Pi Network is aiming to move from a closed mainnet to an open one, where Pi Coins will be eventually available for sale to the public. The network stated that any Pi sales made up to this point were unauthorized, and had no affiliation with Pi Network.
One could argue that the Pi c
oin is not worth anything at this stage of its development. However, websites that provide cryptocurrency data, such as CoinMarketCap or CoinGecko, have an exchange rate of $38 for the Pi coin as of June 13th, 2024. The Pi Network page on both websites offers the same disclaimer.
Please note that the mainnet is not yet launched and that prices displayed on certain exchanges may be for IOUs which are not transferable between exchanges. Please proceed with caution and DYOR.
Pi Network will transition into the Open Network phase in Mainnet by 2024, if three conditions are met. The exact date is still uncertain and depends on several factors including the collaborative effort of “Pioneers”, community developers, the Core Team as well as external variables that are beyond their control. The team stresses that, while they are striving towards this goal there is no guarantee it will be realized.
Pi Network could see a substantial increase in value due to the mining activities carried out by its millions of mobile users. For crypto enthusiasts, PI may be a good long-term investment.
What is the price of the Pi coin for 2024-2030?
Pi Coin Price Prediction 2024 and Beyond
CoinCodex has predicted that Pi will rise by 228.05% to $126.94 in July 2024.
CoinCodex’s long-term Pi prediction was optimistic, too. It estimated the price to be $182.85 in 2025 and $158.18 in 2030.
The price prediction for Pi coin from the analytics company Telegaon is even more optimistic. Pi coin could reach new highs in 2024. Pi’s projections indicate an average price for the year of $176.17. Pi Network may reach a high of around $194.31 if things continue as they are. However, if the market slumps, it could fall to approximately $141.45. In 2025, the average price is predicted to be $237.22.
If growth continues, the price could rise to $263.16, but in a down market it may drop to $195.26. With sustained growth, Pi Network’s average price could reach $597.56 by 2030. It may even peak at $608.73. In a bearish environment, the price could drop to $539.88. The Pi expectations are based on various market conditions. However, a bullish rally could lead to the coin exceeding all predictions.
CoinDataFlow observed the Pi coin’s price fluctuate a lot in the coming years, but it ultimately maintained an upward trend. The site’s Pi crypto-price prediction for 2024 states that the coin will range between $35.12 to $70.45. The site predicted that Pi would rise dramatically in 2025 to sit between $189.57 and $63.19.
The site predicted that the price of Pi would be between $52.40 to $176.50 in 2030. Remember that these predictions of Pi coin prices are based on historic data, and could therefore be inaccurate. Investors should not solely rely on this data, but instead do their own research, taking into consideration their investment goals and other factors.
