Pi Network has been around since 2018. According to its creators, the blockchain protocol was designed so that anybody could mine Pi on their mobile device. The Pi network’s popularity grows as the project gets closer to a public launch. This article discusses the Pi coin price prediction for 2024 and upcoming years, where it stands now, and how it may perform in the future.
This article does not provide investment advice; instead, we urge investors to do their own due diligence and commit only what they can afford to lose.
Pi Coin Details
|14 March 2019
What is Pi Network?
Pi Network is an innovative digital currency initiative that is focused on top crypto standards. Unlike popular cryptocurrencies like Bitcoin and Ethereum, which are becoming increasingly centralized, the Pi Network was built to be widely available to all users. The network is maintained by a group of Stanford graduates and is entirely based on mobile technologies.
The project claims that it enables anyone to mine cryptocurrency on their phone without sacrificing battery life. As a result, there is currently a lot of wild conjecture over the potential future value of the Pi coin. But without all the necessary information, Pi coin estimates are difficult.
The first principle of cryptocurrencies, as put forth by Satoshi Nakamoto, the mystery creator of the Bitcoin currency, is intended to be fulfilled by the Pi network, according to its whitepaper. Its goal is to restore the people’s financial power. This is the project’s main driving force.
The Pi network seeks to develop a platform for smart contracts that is user-secured and managed. The Pi utility token will enable the protocol’s goal of creating the most inclusive peer-to-peer (P2P) marketplace ever created.
The project was launched on March 14, 2019, and it has continued to expand since then. Pi Network appears to have accomplished what few cryptocurrency initiatives do: catch the interest of regular users. The current Pi wallet user base is around 35 million people, which is an outstanding figure given that the Pi Coin is still not actually available for trading.
How Does Pi Network Work?
According to the Pi Network’s official website, its mission is to build the world’s most inclusive peer-to-peer ecosystem and online experience powered by Pi, the world’s most widely distributed cryptocurrency. The website also acknowledges the difficulties and risks associated with cryptocurrency mining and investment.
The project ecosystem is diverse: it includes features such as Pi Chats, Fireside Forum, and Brainstorm app, focusing on fostering a Web3 ecosystem and enabling community collaboration.
Users within the Pi Network take on various roles:
- Pioneers are regular mobile app users who engage in mining sessions.
- After participating in certain activities, users can become Contributors, which enhances their mining rate.
- Ambassadors increase their mining rate by inviting friends to join the network.
- Nodes are users who run computer nodes. They contribute to the network’s stability and receive rewards for their efforts.
Mining Pi Coins is facilitated through an energy-efficient process that doesn’t drain the phone’s battery. The network uses a trust-based mechanism, an aspect of the Stellar Consensus Protocol (SCP), to secure its ledger.
The Pi Network’s approach to cryptocurrency is designed to be accessible, with an emphasis on creating a decentralized, inclusive digital environment. The Pi Network explicitly states that its referral program is not multi-level marketing, as it doesn’t involve fiat money and is limited to one level of referral relationship, ensuring fairness and mutual benefit.
Pi’s utility is envisioned as being backed by the time, attention, goods, and services offered by the network members. The future aim of Pi Network is to create a peer-to-peer marketplace where Pi can be directly used to purchase goods and services, enhancing the real-world utility of the cryptocurrency.
Is Pi Mainnet Launched?
No, Pi’s mainnet is not fully open to the public. As per the latest updates, Pi Network is advancing steadily in its Enclosed Mainnet phase. This phase is a crucial step before transitioning to the Open Mainnet. At the time of writing, the launch date of the Pi Network mainnet was officially declared to be between March and June of 2024.
The Pi network has garnered a lot of interest from developers because of its potential for deploying decentralized applications (dApps). These developers have actively participated in several hackathons organized by the Pi Core Team, demonstrating the growing ecosystem around Pi.
Once the mainnet fully launches, the Pi coin is expected to serve as the primary medium of exchange, powering various operations on the Pi blockchain. Some of the planned use cases of the PI cryptocurrency include, but are not limited to, money transfers, NFT transactions, and payments for goods and services. Besides, it is intended to be used in gaming platforms with play-and-earn features.
Is Pi Coin Worth Anything?
What is the worth of the Pi cryptocurrency? As of early 2024, the Pi coin is an unlisted token that is basically worthless. As a result, no historical data on the Pi Network’s performance is available because the token has yet to be officially listed on any cryptocurrency trading exchange. Any PI coin prices you see online and in this article come from IOUs, and their value may not be transferred between exchanges.
The quantity of coins in circulation when the Pi Network is fully launched has yet to be revealed by the project creators. At the time of writing, the Pi coin’s self-reported circulating supply was 68M PI. The maximum supply has not been determined yet.
Pi Coin Price History
According to the latest data gathered, the current price of Pi is $$29.65, and PI is presently ranked No. 2845 in the entire crypto ecosystem. The circulation supply of Pi is $0.00, with a market cap of 0 PI.
In the past 24 hours, the crypto has increased by $0.81 in its current value.
For the last 7 days, PI has been in a good upward trend, thus increasing by 1.24%. Pi has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of PI has increased by 4.71%, adding a colossal average amount of $1.40 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
The Pi crypto isn’t available on any exchanges yet, which is the one factor that makes it challenging to forecast its price. What does that indicate for Pi coin price predictions for 2024 and beyond?
Since this cryptocurrency’s future is so unpredictable, many experts are very conservative in their Pi network price predictions. The Pi coin neither has a price history for us to analyze nor has it shown how it responds to the price movements of the crypto market and Bitcoin. There’s no market cap or all-time high for us to use in our price predictions, either.
So, what’s left? Well, in a case like this, most experts have no choice but to turn to pure speculation. We cannot even carry out a full-fledged fundamental analysis. To derive the true value of any asset, one has to evaluate its potential and existing use cases, the number of people using or holding it, its future potential, the team behind it, and so on. Depending on the asset, some of these factors will play a bigger role in determining the asset’s price than the others. In Pi’s case, there’s no way to determine the actual number of users that will be holding the coin once it goes live.
Here’s what some crypto experts think in regard to the expected value of the Pi tokens.
Capital mostly examines the viability of the Pi network open mainnet being launched in the future — and their outlook is mostly neutral. They warn users to be mindful of the possible risks when investing their money (or time) in cryptocurrencies like this one that hasn’t even been officially released for trading yet.
They don’t make an actual Pi coin price prediction and say that the value of the cryptocurrency will heavily depend on its popularity among investors — and it’s something that is impossible to predict.
CoinDCX’s PI coin price prediction is fairly bearish. Although their PI forecast says that the cryptocurrency can go up to a peak of $500, they also note that the digital asset has had trouble recovering from the bear market. Overall, they expect the cryptocurrency to rise in the long term if it has a smooth launch and continues to receive support from the crypto community.
DigitalCoinPrice is one of the few platforms that provide a legitimate PI forecast. They think that the Pi coin price will hit $60 by the end of 2024 and reach $200 in 2030.
Other Crypto Experts
Since Pi hasn’t been listed anywhere yet, data-based prediction services like TradingView do not make any price predictions for the coin. However, curiously enough, Wallet Investor is actually bullish on the Pi network price: they list the coin as a good long-term (1 year) investment and predict that it can cross over the $100 mark in 5 years.
CoinMarketCap also lists the current value of the Pi coin which, as of the end of January, 2024, equals $29. However, the service also has a disclaimer for traders about the questionable reputation of the project.
Pi Network Price Predictions for 2024–2030
Although there may be a lot of conjecture over the value of the Pi coin in the future, nobody is certain about it. Only time will show, and we all just have to wait and see. Millions of users and active miners are currently safeguarding the protocol’s beta network. This area is completely coded and prepared to go off when the network eventually goes live.
When the Pi Network finally launches its open mainnet to the general public, we think Pi Coin will have its own actual worth. The Pi project will undoubtedly introduce its own advances if this actually happens.
Cryptocurrency exchanges are expected to list the Pi Network in the nearest future. If this happens, the Pi value will rise over its initial value of $0.
Prices of hotly anticipated projects frequently rise within the first few weeks after they are officially listed on cryptocurrency exchanges. The market cap increases as a result of the intense demand when people rush to buy the “next big thing.” The Pi coin’s future value could consequently increase.
However, in such cases, the price rarely remains high for an extended period of time. Because people start selling their coins to make quick money, it typically happens a few days after the initial enthusiasm dies down. The Pi Network might experience the same fate – only time will tell.
In our Pi network price prediction, we took a look at both Pi’s strengths and weaknesses and the price history of cryptocurrencies with similar use cases. Additionally, we also had to consider what will happen to the crypto market in the future and how Pi might fit into the crypto sphere in the coming years.
Please note that this is all pure speculation. We’ve made this Pi network price prediction based on the assumption that the cryptocurrency is going to launch an open mainnet later this year.
Pi Coin Price Prediction 2024
2024 is currently set to be the year that Pi Network finally launches its mainnet. If that happens, we will finally see its real value — and many experts expect it to be below $1.
According to our assumption that Pi’s price will follow the same trends that many other altcoins do, this cryptocurrency will have a rally shortly after its listing. The beginning of 2024 was really good for the crypto industry, with many cryptocurrencies recovering from their previous losses and surging in value. The Pi coin is likely to follow any market booms that occur, so 2024 might see its price rising to all-time highs.
Additionally, the general hype for crypto can greatly benefit the Pi cryptocurrency. It is beginner-friendly and free to mine. Besides, it is connected to the Pi number, so if the hype occurs in March of 2024, its team can advertise quite effectively on Pi Day.
One more thing to note when making any future Pi coin price prediction is that it might be quite lucrative for businesses to invest in and adopt — for example, it fits the criteria Elon Musk has set for a cryptocurrency that can potentially become a payment medium for Tesla.
Pi Coin Price Prediction 2025
Our price prediction for 2025 is that the Pi crypto will continue to rise — that is, if it does get an official mainnet launch. As we have mentioned previously, any sort of hype in the crypto community can greatly benefit this digital currency, boosting its price.
If the bear market returns (and it always does, eventually) and crypto prices do not stay at the same level they are now, we do not see Pi becoming incredibly profitable, but it can still be a good investment. After all, if you acquired it for $0, then any price the Pi crypto reaches will give you a profit.
Pi Coin Price Prediction 2026
What will Pi be worth in 2026? If all goes according to plan, then the cryptocurrency will likely remain roughly at the same price level for a while, just as many altcoins do. Under this scenario, Pi will only rise when the market is booming or when it gets pumped by the community or the devs.
Of course, on the off chance that it gets noticed by prominent influencers or a big business, Pi’s price might rise, potentially even going over $5. That (at the current estimated circulating supply of 68M, which will only increase with time) will make PI market cap equal to roughly $340M, which, at least at the time of writing, would not even qualify it for being a top 100 cryptocurrency.
Pi Coin Price Prediction 2027
Our Pi coin price prediction for 2027 is that the cryptocurrency will manage to reach highs it has not seen before. After all, we expect that this project is going to garner more attention as years go by, so it is only natural that its price will rise.
The fact that the Pi network has adopted a mobile-first approach will definitely benefit it in the future: the digital world is slowly switching away from PCs to tablets and smartphones. Even though it is nearly impossible to make an actual Pi coin price prediction and name the Pi coin’s future price, we can tell that it does have some potential to become one of the leading digital coins.
Pi Coin Price Prediction 2030
What’s going to happen to the Pi network in six years? Well, only time will tell. If all goes well and the coin not only gets listed as planned but also survives the crashes that are bound to follow its earlier rallies, then this digital currency has a chance to survive till 2030 and even exceed the average price we’ve seen it hit before the mainnet launch.
Is Pi Network Legit?
With millions of active users and significant community interest, Pi Network has been a hot topic for years. When will Pi Network debut? Are Pi coins fake or real? Is Pi Network worth anything? These might be one of the hottest million-dollar questions right now in the crypto space.
The first concern is the fact that only people who have received a referral code from another user are eligible to join the Pi Network.
The assertion made by the project’s creators that these personal networks improve security on the Pi Network and encourage users to invite friends and family has fueled doubts that it might be a multi-level marketing (MLM) or pyramid scheme. However, it is worth noting that users can only earn coins in their own direct networks, not in the networks of their connections, as in the MLM scheme.
The second huge cause for doubt is the constant postponement of the project’s full launch as well as blurry milestones in the roadmap. The developers announced on March 11, 2022, that the Enclosed Mainnet period will provide pioneers time to complete KYC verification, make changes to the mainnet, and introduce more apps. They stated that “the Enclosed Network phase is in keeping with Pi’s vision of a utility-based ecosystem and its iterative methodology.” Now, in 2024, the mainnet launch has been announced to take place in spring or early summer, but it remains to be seen if the project actually goes through with it or not.
These days, it is not easy to stand out in the crypto community — there are a lot of new projects coming out every week, if not every day, each one more innovative than the other. However, Pi Network has the benefit of having an established user base, a clear use case and purpose, and a great foundation.
Does Pi Network Have a Future?
Pi Network’s intentions are still up for debate, as is whether it is a genuine project or a fraud. If it is a hoax, it isn’t a typical Ponzi scheme fraud because participants aren’t investing money; instead, they are investing time on their smartphones.
The organization has come under fire for allegedly abusing its community by using the 35 million people to sell ads to. On May 19, 2022, the platform posted an announcement on Twitter that included that number. Regarding the overall number of “pioneers,” there have been no updates since.
It’s possible that it could go live, people will receive their money, and the cryptocurrency will trade at a high price. Given that it was started by Stanford grads, a reputable university, the project does appear to have credibility.
However, as seen by the downfall of OneCoin, the cryptocurrency industry is also one that is predominated by frauds, pyramid schemes, and rug pulls. According to some estimates, up to $19.4 billion may have been taken by the time OneCoin failed, and dozens of people ended up facing charges.
The Pi network is a very interesting project that has shown a lot of promise. It has a dedicated community, a passionate dev team behind it, and a solid technical foundation — all the markings of a promising cryptocurrency.
At the end of the day, if you trust the project not to leak your data, it won’t hurt to mine Pi coins on the side — after all, it’s free. Keep in mind that this is not investment advice; do your own research and make informed judgments on crypto trades.
Who knows, maybe Pi Network will get adopted by Tesla and become the next media darling, bringing its holders millions of profit. Only time will tell.
What is Pi coin’s highest price?
As of now, a definitive highest price for Pi coin cannot be established since it has not been officially listed on any exchange. The highest recorded “price” that has been recorded for the PI token is around $240, but it cannot be treated the same as a regular ATH would be.
The Pi coin team is working diligently on launching the Pi Network ecosystem and mainnet. Any Pi price prediction will remain speculative until it hits the market.
Will Pi coin reach $100?
Predicting whether the Pi coin will reach $100 involves considerable speculation. The Pi network’s value heavily depends on the development and adoption of the Pi Network ecosystem and the Pi app by Pi network users.
Will Pi coin ever hit the market?
The Pi coin team is actively working towards introducing the Pi token to the market as part of the Pi Network’s future strategy. There is a lot of anticipation among Pi network users, and, according to the Pi team, there is now an approximate date for the coin launch: March-June of 2024.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.