Pi Network (PI) Price Prediction 2024-2030
Pi coin differs from other cryptocurrencies. Although the coin is only available for mining and isn't listed on any crypto and non-crypto exchanges, it has gained much attention and interest worldwide. 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 discuss everything about Pi Network and predict Pi Network's highest price by checking out the Pi coin price predictions for 2024-2030 shared by cryptocurrency experts.
What is Pi Network (PI)?
Before discussing the prediction of the Pi Network's value, let's discuss what the Pi Network trading platform is. Does Pi Network have value?
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 Network trading platform 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 every 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 to 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 trading platform 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 launched a closed main net, which allows only users within the Pi ecosystem to trade Pi Network and buy and sell Pi Network coins. 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 trade Pi Network to get your Pi node now. Recently, the number of Pi nodes has exceeded 222,099.
Pi Network (PI) history
The Pi Network project has several phases. 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. The first Pi ads were launched in May 2020 to finance the project. 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 Network coin for your portfolio or "Can I sell my Pi Network?", 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. 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 you cannot buy Pi Network coins on the major cryptocurrency exchanges, some observers have already started making Pi Network price predictions. Let's see the Pi Network value predictions when it starts trading.
Pi Network (PI) Price Analysis
When writing this Pi price prediction (17 April 2024), today's Pi Network price is $36.69, with a daily trading volume of $313,511. Pi ranked #3183 on CoinMarketCap, with a $2,495,192,345 market capitalisation, the circulating supply and maximum supply unavailable.
Pi price statistics (as of 17/04/24)
Pi Network price today | $36.69 |
Market cap | $2,495,192,345 |
Circulating supply | - |
Max supply | - |
Daily trading volume | $313,511 |
Pi Network all-time high | $330.65 (30/12/22) |
All-time low | $0.1794 (07/04/24) |
Pi Network home page |
The Pi Network is in the transition stage from Testnet to Mainnet. The Pi Network is planning to move into the Open Network phase of Mainnet in 2024, but a specific transition date has not been set yet.
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.
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PI Price History
Based on data from 17 April 2024, the cryptocurrency price was $36.69, which didn't change over the last 24 hours.
In March 2024, the PI coin displayed impressive performance results. Starting on 9 March and ending on 13 March, the coin's price increased from $37.76 to $117.83. However, the price rally didn't last for long, and straight after the impressive rise, the Pi coin's price dropped to $43.25 on 17 March.
April 2024 can hardly be called a notable month for the Pi Network. On 7 April 2024, the Pi coin's price dropped to its new all-time low of $0.1794 and didn't rise until 16 April. That day, the Pi coin's price increased from $0.72 to $35.71, and the bullish trend is still ongoing.
PI Technical Analysis
PI Network is currently in Phase 3, which began in December 2021 when the Pi mainnet was launched. It's important to note that the mainnet is presently in an enclosed network period, where it is protected by a firewall to prevent any undesired external connectivity.
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 data from 17 April 2024, the general Pi Network price prediction sentiment is bearish. According to the technical analysis, Pi Network's 200-day SMA will rise next month and hit $ 40.97 by 16 May 2024. Additionally, it's anticipated that Pi Network's short-term 50-day SMA will reach $58.34 by the same date. Currently, the RSI value stands at a neutral position of 42.95 for the PI market as of now.
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 opinions about the expected future value of the Pi Network. Let's consider several Pi coin price predictions for 2024-2030.
Pi Network (PI) price prediction for 2024, 2025 and 2030
The current price of Pi Network 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 Network value prediction, 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 Value Prediction for 2024, 2025, 2030 and 2040
CoinDataFlow's projections for the Pi Network's value indicate potential fluctuations over the coming years: in 2024, prices may fluctuate between $37.53 and $85.08; by 2025, a significant surge could push values to $323.39, with a floor of $76.31; while by 2030, prices could vary between $79.93 and $274.89.
Crypto Investor Pi Network Price Prediction for 2024, 2025, 2030 and 2040
According to Crypto Investor's data, the Pi Network's projected values are as follows. By the close of 2024, Pi could hit $58. In 2025, forecasts range from a low of $35.69 to a high of $167.29, with another prediction suggesting a year-end value of around $73. For 2030, projections span from $88.48 to $143.47, with an additional forecast envisioning Pi reaching $98 by the decade's end.
Reddit Community Pi Network Value Prediction for 2024, 2025, 2030 and 2040
Some in the Reddit community think that Pi Network's price predictions unfold as follows. By the end of 2024, Pi's price is anticipated to exceed $50. Further deliberations hint at a potential market value between $70 to $100 billion upon the launch of Pi coins on the mainnet, considering the participation of 25 million miners. With an estimated distribution of 26 billion coins, projections suggest a mainnet price ranging from $2.60 to $3.81 per coin.
Crypto Ground Pi Network Price Prediction for 2024, 2025, 2030 and 2040
Based on data from Crypto Ground, Pi Network's value projections unfold as follows. By 15 May 2024, the price is expected to surge by 225.70%, reaching $116.25. For 2025, forecasts range from a low of $35.69 to a high of $167.29. Looking ahead to 2030, predictions oscillate between $88.48 and $143.47. Furthermore, in 2040, Pi Network's coin prices are anticipated to reach a new all-time high, with an average forecast of $852.32, while the minimum is expected to be $826.65 and the maximum could soar to $902.42.
CoinSwitch Pi Network Price Prediction for 2024, 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. Pi Network value predictions might show an extremely impressive potential. The cryptocurrency could be decent and open the door to delve right in and contribute to how the 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
Pi coin has the potential to reach $100 in the future, but there is also the possibility that it may hold no value at all. The value of Pi coin will be influenced by various factors such as user adoption, demand, and the state of the cryptocurrency market.
As always, do your research before you decide to invest. Never invest more than you can afford to lose.
What is cryptocurrency halving?
Similar to Bitcoin, Pi coin was designed to undergo halving to protect its scarcity. PI Network halving occurs when the number of coins a miner receives for processing new transactions is reduced by half at specific milestones. The mining rate for PI initially halved from 1.6 π to 0.8 π per hour when the user count reached 100,000. It further halved to 0.4 π per hour at the 1 million user mark and again to 0.2 π per hour when there were 10 million users. These rewards will continue to halve until they reach zero when the network reaches one billion users.
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FAQ
Why is PI important?
Pi coin holds significance for various reasons.
- It fosters financial inclusion and economic growth, particularly in emerging economies, by lowering entry barriers for individuals with lower incomes, thus potentially enhancing job opportunities and living standards.
- It facilitates faster and more secure transactions than traditional methods, as all transactions are recorded on a decentralised exchange, free from central authority control.
- It grants easier access to financial services for people in developing markets, bypassing the need for banks or other institutions, thereby enabling participation in global commerce and investment.
- Its cost-effectiveness appeals to those with limited resources or lacking access to traditional banking services.
- Furthermore, Pi coin offers high liquidity and decentralisation, ensuring secure transactions. It eliminates the need for mining operations and features low transaction fees, making it an attractive choice for those seeking affordable payment solutions with enhanced security and efficiency for daily use.
When will the PI coin launch?
The launch date of the PI coin remains unspecified, although the Pi Network aims to initiate the Open Network phase of Mainnet in 2024. However, this timeline hinges on meeting three key conditions: preparing for the Open Network, completing network KYC and migration, and creating 100 real Pi apps that comply with platform policies and contribute utility to the ecosystem. While some sources speculate the launch could occur between March and June 2024 or in Q2 2024 if market conditions improve and all prerequisites are fulfilled, these are conjectures. The actual launch date will depend on progress toward meeting the stipulated conditions.
Will PI coin be worth anything?
The future value of the Pi coin remains uncertain, subject to various factors and predictions. WalletInvestor forecasts Pi's value at $0.354 by 2025, while CoinDataFlow predicts a peak of $250.79 in 2032. Despite these projections, Pi's ultimate worth remains speculative and contingent on market dynamics and adoption.
