Pi Network (PI) Price Prediction 2023-2030
Pi coin differs from other cryptocurrencies. Although the coin isn't listed on any crypto and non-crypto exchanges, it has gained much attention and interest worldwide. The Pi coin doesn't have a price yet. Still, the solid technical foundation of the Pi network has already attracted quite a lot of dedicated fans and cryptocurrency enthusiasts eager to find out Pi price predictions. Let's see how high the coin's price can grow by checking out the Pi coin price predictions for 2023-2030 shared by cryptocurrency experts.
What is Pi Network (PI)?
The Pi network is unique in many ways, and not just because the cryptocurrency isn't listed on any exchanges yet. For one, the Pi coin is rather easy to mine. The developers assume that you can mine the cryptocurrency on your mobile phone. You only need to download the Pi network app and get an invitation from existing trusted members.
Unlike other apps for mining, the Pi app is eco-friendly and doesn't drain your phone battery. It benefits from users vouching for each other as they try to secure their ledger.
To start mining the Pi cryptocurrency, you need to open the app at least once per 24 hours and tap the lightning button. You can increase your mining speed in many ways. You can earn higher rates if you're an early member. You can make a 25% bonus by inviting other trusted members to join the Pi app. In three days of mining the Pi cryptocurrency, you become a contributor by inviting 3-5 people to join your trusted circle, which allows you to grow your earnings and improve the overall security of the Pi network.
The Pi network is a digital currency project. Its main goal is to make cryptocurrency mining more accessible. Unlike mining Bitcoin, which has put cryptocurrency mining beyond the reach of everyday users, the Pi network allows you to mine coins using a mobile phone app. Unlike Bitcoin, which uses the proof-of-work (PoW) protocols, Pi nodes use an algorithm based on the Stellar Consensus Protocol (SCP), as part of which Pi nodes validate transactions on a distributed ledger and reach a consensus on the order of new transactions the ledger records.
Pi nodes form security groups made up of three to five people. Such security circles build a global trust network that prevents fraudulent transactions. All transactions can only be validated on the shared ledger in the Pi network if all trusted Pi nodes approve them.
The Pi network is more than just a cryptocurrency mining app. It's an ecosystem of related services, including a test version of the Pi wallet that lets you make payments in 8 seconds. The Pi browser app is also available, allowing developers to test and launch decentralised third-party Pi apps.
The Pi network also allows users to become Pi nodes. However, it doesn't provide you with any benefits at the moment. Pi nodes validate transactions. The owners of Pi nodes will be able to get a cut of transaction fees only when the open mainnet launches and the Pi coin gets listed on cryptocurrency exchanges.
One person can have only one Pi account, and 25% of all Pi coins are allocated to the Pi core team. Recently, the project has launched a closed main net, which allows only users within the Pi ecosystem to use Pi for trading, buying and selling. One needs to complete KYC verification to start trading.
If you believe in the project's future and feel optimistic about the Pi Network price prediction, you can get your Pi node now. Recently, the number of Pi nodes has exceeded 12,000.
Pi Network (PI) history
There are several phases of the Pi network project. Phase 1 was launched on 14 March 2019, Pi Day. It's quite logical because the network's branding is based on the number π. By June 2019, the network had more than 100,000 active users.
Phrase 2 started a year later when the number of active participants totalled 3.5 million. To finance the project, the first Pi ads were launched in May 2020. In less than half a year, on 25 November, the total number of active users engaged in the Pi network reached 29 million.
Just like Bitcoin, with the purpose of protecting its scarcity, Pi coin was designed to undergo halving, when the number of coins a miner receives for processing new transactions is reduced by half.
Halving generally takes place when a certain milestone is reached. For example, the mining rate of the Pi coin halved from 1.6 π an hour when it reached 100,000 active users in the network. The next time halving to 0.4 π was recorded when the number of users reached 1 million. Halving to 0.2 π took place when the milestone of 10 million users was reached.
As part of the Pi project's Phase 2, users can test Pi Node on their computers, as well as Pi Wallet and Pi Browser, which was officially released on 1 April 2021.
The launch of Phase 3 was announced on 29 December 2021.
According to the Pi roadmap, the network held its first hackathon #BuildPi2gether:
- To welcome more developers
- To contribute ecosystem apps
- To improve the network's functionality
- To serve consumers and commerce products.
As a result, Pi awarded $100,000 and 100,000 Pi coins to the best projects in each category.
Pi still remains in the pre-release mode. So, if you're wondering if you can buy a Pi coin for your portfolio, currently, it's not possible. Users who have mined the Pi coin only have a chance to withdraw or exchange coins during Phase 3, when the cryptocurrency moves to a decentralised blockchain. While the cryptocurrency remains in the testing period, users can't transfer Pi coins. It's done to prevent fake accounts from accumulating Pi coins. Users can honour wallet balances only when the cryptocurrency shifts from the testnet to the mainnet and when the blockchain network is fully deployed.
Currently, the Pi coin isn't available to trade on any cryptocurrency or exchange platform. The coin's price isn't established yet. While the Pi coin is in Phase 3, the cryptocurrency's holders can only use the coin to buy products and services on Pi's peer-to-peer marketplaces while taking control of their public and private keys. The Pi holders can't spend the cryptocurrency without these keys.
To start mining Pi coins, one needs to install the Pi mining app, which works as a cryptocurrency wallet connected to a user's smartphone or Facebook account. Like other public blockchains, the Pi blockchain allows external wallets to hold Pi coins and submit transactions directly to the Pi blockchain. However, these procedures are impossible because the developers haven't released the source code yet.
Early adopters anticipate the future price of the Pi network to increase after Phase 3. Even though the coin's mining rate has been reduced by halving, one can still increase the Pi mining rate by connecting with other active miners.
According to the Pi project's developers, personal networks enhance the security of the Pi Network by bringing in family and friends. Some may feel sceptical, claiming that such a structure of the Pi Network could be a pyramid scheme. However, unlike the MLM scheme, the Pi network users can only earn coins from the direct networks of their connections.
At the end of 2021, the organisation started releasing tech and product updates to improve the Pi Ecosystem. The KYC App Pilot is listed among the innovations that have been deployed on a limited basis. The purpose of using the KYC App Pilot is to improve the app's usability, enhance machine automation and start the verification process of the Pi holders. As part of the innovation and improvement process, the Pi Block Explorer has also been released. With its help, Pioneers can see transaction history, the sender, receiver and the number of Pi coins deployed.
Pi Wallet also underwent a major update, as part of which Pioneers started receiving notifications about the payments they've received on the blockchain. The Pi Wallet update also included bug fixes for Android users who couldn't check their wallet passphrase.
Even though the Pi coin isn't available for purchase on the major cryptocurrency exchanges, some observers have already started making Pi network price predictions. Let's see what the Pi price could be when it starts trading.
Pi Network (PI) Price Analysis
When writing this Pi price prediction (9 September 2023), the Pi coin's price was $43.88 with a daily trading volume of $268,553. Pi ranked #2519 on CoinMarketCap, with a $0 market capitalisation, the circulating supply and maximum supply unavailable.
Pi price statistics (as of 08/09/23)
Daily trading volume
The Pi Network is in the transition stage from Testnet to Mainnet. The Pi coin will become available for public sale when the transition is completed. The Pi Network doesn't have any ICOs or crowdfunding. Users who wish to join the Pi Network can download the app from the Google Play Store or Apple's App Store to start mining.
PI Price History
Based on the data from 8 September 2023, Pi's current price stands at $43.44, and it is ranked #2512 in the entire cryptocurrency ecosystem. Pi's circulation supply is 0, resulting in a market cap of $0.
Over the past 24 hours, Pi has experienced a decrease of 2.65% in its value. Comparing the current market cap with yesterday's, we can see that the market cap has also declined.
Pi is currently facing challenges in gaining traction among other cryptocurrencies. In the last 7 days, Pi has seen a significant decline of nearly 12.47%. While the coin may have strong fundamentals, it is not likely to be a profitable short-term asset.
However, when comparing the current price with the price history of the past 30 days, it is evident that Pi has witnessed a remarkable increase of 90.79% in its value. This indicates that Pi can be a suitable long-term addition to your portfolio of coins.
Looking at the 90-day price change, Pi has experienced a growth of approximately 75.03%.
Over the last 3 months, Pi has shown a consistent upward trend. This suggests that similar segments of the market were quite popular during that period. According to the latest data, the trading volume of Pi has increased in the past 3 months. Trading volume plays a vital role in determining its price.
PI Technical Analysis
It's impossible to analyse the Pi coin until its release. The launch of the Pi coin is scheduled for Phase 3 of the Pi Network's development. The exact date hasn't been set yet. Timing depends on the progress of the Pi Network's testing phase and the subsequent listing of the cryptocurrency on crypto exchanges.
The developers of the Pi network are yet to provide details on the number of coins that will be in circulation when the project is officially released. The maximum supply is yet to be announced.
Based on the data from 8 September 2023, the overall sentiment for Pi Network's price prediction appears bearish. Pi Network is trading below its 200-day simple moving average (SMA). Since 2 March 2023, the 200-day SMA has been indicating a SELL signal. The price of Pi Network currently sits below the 50-day SMA, and this indicator has been signalling a SELL starting from 29 June 2023.
The price of Pi Network tokens could find support near $45.2 if the current market rise fails. The price of PI coin could fall to the 200-day EMA support around $37.2 if the current level of support fails to hold.
Pi Network Price Prediction
Since the cryptocurrency hasn't been formally released yet, many experts feel conservative about the Pi coin's price prediction. The Pi Network doesn't have a price history either, which makes it difficult for us to analyse how its price responds to the crypto market's movements.
What should we do in this case? Most experts tend to turn to pure speculation. It's even impossible to carry out a full-fledged fundamental analysis. To speak about the Pi coin's price prediction, we need to evaluate the cryptocurrency's current and potential use case, mind the number of people that already hold Pi coins, the team of developers standing behind it, the Pi Network's future potential, etc. In Pi's case, there's no way we can predict how many users will hold the coins when the Pi network goes live.
Not so many platforms are ready to discuss the Pi network price prediction. However, some crypto experts have already started to share their opinion about the expected future value of the Pi Network. Let's consider several Pi coin price predictions for 2023-2030.
Pi Network (PI) price prediction for 2023, 2025 and 2030
Pi coin's value has been displayed publicly on a few crypto exchanges, including Huobi, which began trading Pi on 29 December 2022. However, the Pi network is still in its Enclosed Mainnet period; during this time, Pi transactions through exchanges are forbidden.
While there is a lot of speculation about the Pi coin's future value, no one can predict it with certainty. Currently, millions of active miners and users are securing the Pi network in beta mode, making it a fully-programmed space that is poised for growth once the network finally goes live.
We think that the Pi coin will only gain its true value when the Pi Network launches its open mainnet to the public. If this becomes a reality, the Pi project will undoubtedly bring its innovations to the table.
CoinDataFlow Pi Network Price Prediction for 2023, 2025, 2030 and 2040
CoinDataFlow provides a Pi Network price prediction based on Bitcoin's growth pattern. It estimates the Pi coin's price will reach a minimum of $39.33 or a maximum of $50.52 in 2023. In 2024, the Pi coin is estimated to reach a maximum of $91.91. CoinDataFlow estimates the Pi coin will reach $296.95 in 2030 and $334.04 in 2032.
Crypto Investor Pi Network Price Prediction for 2022, 2025, 2030 and 2040
According to Crypto Investor Pi Network price prediction, the PI coin might be exchanging at around $139.05 before the end of 2023.
Reddit Community Pi Network Price Prediction for 2023, 2025, 2030 and 2040
Reddit Community estimates the PI coin should have long-haul benefits. The Pi Network price might arrive at the objective of over $50 by the end of 2023.
Crypto Ground Pi Network Price Prediction for 2023, 2025, 2030 and 2040
Crypto Ground estimates the Pi Network has a promising future. The Pi coin's price might skyrocket to $92.79 by 2026.
CoinSwitch Pi Network Price Prediction for 2023, 2025, 2030 and 2040
CoinSwitch estimates the Pi coin's price may go up to $185.26 by 2026.
General Pi Network (PI) Future Value Predictions
The Pi Network's future depends on the process of its transition from the Testnet to Mainnet operations and the adoption of the app in the Pi Network ecosystem. The future predictions for the Pi network might show an extremely impressive potential. The cryptocurrency could be decent and open the door to delve right in and contribute to how high Pi Network can go.
The future price of the Pi coin remains uncertain. The Pi Network aspires to make blockchain technology more accessible by allowing anyone to mine crypto. However, the platform has been plagued with controversies.
The incentive structure heavily favours recruitment, and miners are compensated in a native cryptocurrency that holds no real value. Investors are advised to exercise caution when dealing with this type of speculative cryptocurrency venture.
PI Price Prediction Today
The Pi coin price might rise to $1 right after it starts trading on cryptocurrency exchanges. But the coin hasn't been launched yet, making it impossible to predict the future with any accuracy.
As always, do your research before you decide to invest. Never invest more than you can afford to lose.