The Pi network is a rather strange case in the world of cryptocurrencies. It has garnered quite a lot of attention and interest, and yet… you cannot buy it anywhere. The Pi coin has not been listed on any crypto or non-crypto exchange yet, and the only way to get it, at least for now, is to mine it.
Despite not having a price yet, the Pi coin has a lot of dedicated fans — the project’s simple premise and solid technical foundation have already attracted quite a few crypto enthusiasts. The Pi network has an active community, and its user base keeps on growing exponentially day by day.
Now, the main question remains: will the Pi coin ever reach exchanges and give its holders an opportunity to cash out? And if that happens, what kind of price can users expect to receive for their freshly mined Pi crypto?
Please note that this article does not constitute investment advice.
PI Coin Details
|Project name||PI network|
|Launch date||14 March 2019|
Pi Coin Review
The Pi network project is quite unique. Not only has Pi risen to fame while not even being listed yet, but it also is well-known for being rather easy to mine. According to its developers, the Pi coin is the first cryptocurrency that can be mined entirely on one’s mobile phone. One just needs to download the Pi network app and get an invitation code from one of the existing trusted members.
To start earning the Pi cryptocurrency, open the app once every 24 hours and click on the lightning button to start mining. There are multiple ways to increase your mining speed: earlier members get higher rates, and you can invite trusted friends and family to join the Pi app for a small bonus. Additionally, after three days of mining, you can build your security circle to boost not only your earnings but also the overall security of the Pi network.
- Each active miner you refer to the app will boost your earnings by 25%.
- After three days of mining, you will be able to become a Contributor by inviting 3-5 people to join your trusted circle, which will increase your mining speed even further.
The Pi app does not drain your energy the same way many other mining applications do and is quite eco-friendly. It benefits from people vouching for each other as they help to secure its ledger.
The Pi network isn’t just a mining app: the project has grown to be a whole ecosystem of related services. There’s a test version of the Pi wallet, with its incredible payment speed of just 8 seconds. There’s also the Pi browser app, which allows developers to test and launch decentralized third-party Pi apps.
Users can also opt to become a Pi node; however, it involves a rather lengthy selection process and does not give any benefits as of now. Pi nodes validate transactions, so when the open mainnet is launched and the Pi coin is listed on exchanges, Pi node owners will be able to get a cut of transaction fees. If you believe in this project and its future, it can be a good idea to get your own node. Please note that running a Pi node requires using electricity. Recently, the number of active Pi nodes has exceeded 12,000.
Each person can only have one Pi account, and 25% of all Pi coins have been allocated to the Pi core team. The project has recently launched a closed mainnet, meaning only people within the Pi ecosystem can currently use Pi for trading, buying, and selling for now. In order to buy or trade Pi coins, one needs to pass the KYC verification first, the selection for which is random. The Pi network team is planning to have a mass KYC verification soon and expects its users to be done with it by the end of March 2022.
Pi Network Price Today
The Pi coin’s current price is $0 as it has not been listed on any cryptocurrency exchanges yet.
Pi Network Price Prediction for 2022 by Experts
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 network coin.
Capital mostly examines the viability of the Pi network open mainnet being launched in the future — and their outlook is extremely positive. Among the reasons why they think the Pi coin isn’t a scam, they list the expansion of the ecosystem, with its Pi browser and Pi wallet, and various activities the project’s team organizes for the community.
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.
Currency.com does not make any Pi coin price predictions: they emphasize how impossible it is to predict Pi’s value. They also warn users about putting too much trust in this crypto, as the dev team has declined to answer all of their questions, including important ones such as “Will user data be used for financial gains?” While that does not necessarily mean the project is a scam, it is not the best sign.
The only source we’ve found that has made a legitimate Pi coin price prediction is DigitalCoinPrice: they think Pi will hit $0.009 by the end of 2022 and reach $0.015 in 2025.
Other Crypto Experts
Since Pi hasn’t been listed anywhere yet, data-based prediction services like Trading View do not make any actual price predictions for the coin. However, curiously enough, Wallet Investor lists Pi’s actual price as $0.007077 and gives a one-year price prediction of $0.000001. The website makes it clear that these figures haven’t been updated since 2017 and that further data is needed to make a more accurate forecast.
CoinMarketCap also lists the same current value of the Pi coin and even has a current supply number, with 0 Pi coins being in circulation.
Pi Coin Price Prediction 2022-2027
Currently, it seems likely that the Pi network will start getting listed on exchanges in the second half of 2022. If that does indeed happen, then we will finally see the price of the Pi coin rise above $0 for the first time.
Usually, when such a famous and well-known project becomes listed for the first time, its price skyrockets in the first few days or weeks. As people rush to buy into the new possible big thing, the high demand will push the market cap and the Pi value up. However, such price rallies rarely last long: in many cases, the cryptocurrency crashes a few days after the initial mooning due to people trying to sell off their coins in order to make a quick profit.
The question is, will the same happen to the Pi coin?
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 in June 2022 as planned.
Pi Coin Price Prediction 2022
According to our assumption that Pi’s price will follow the same trends that many other altcoins do, this cryptocurrency will have a rally in the second half of 2022. If the open mainnet is launched as planned, we might see the Pi coin being listed on exchanges in July 2022.
Pi Coin Price Prediction 2023
2023 might be the year that the crypto industry rebounds and recovers from the current bear market. The Pi coin is likely to follow any market booms that occur, so 2023 might see its price rising to new all-time highs.
Additionally, the general hype for crypto can greatly benefit the Pi cryptocurrency. It is beginner-friendly, free to mine, and is connected to the pi number — if the hype occurs in early spring of 2023, 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 can 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 in Tesla.
Pi Coin Price Prediction 2024
Our price prediction for 2024 is that the Pi crypto will continue to rise. As we have mentioned previously, any sort of hype in the crypto community can greatly benefit this digital currency, boosting its price.
If the market does not recover and stays at the same level it is 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 2025
What will Pi be worth in 2025? 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 a celebrity or a big business, Pi’s price might rise exponentially, potentially even going over the $1. That (at the current estimated circulating supply of 40M, which will only increase with time) would put its market cap roughly at the same number as the current market capitalization of XRP.
Pi Coin Price Prediction 2026
Our Pi coin price prediction for 2026 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 using 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 2027
What’s going to happen to the Pi network in five 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 2027 and even become profitable for all its holders. Considering Pi mining is free, everything you make from selling the cryptocurrency can technically be a profit.
However, there’s a big chance that Pi mining might become unprofitable that far in the future. After all, anyone that has ever tried to mine coins knows that the process has diminishing returns. We doubt that even the relatively low initial investment costs one needs to pay to mine the Pi coin will be able to offset the halvings, inflation, and the rising number of miners.
Will We Ever Be Able to Buy Pi Coins?
This is the question that most users who have tried mining Pi coins are trying to find an answer to. If the team behind the project is to be believed, then yes — there will come a time when this cryptocurrency will get listed on exchanges, and Pi network value will rise above $0.
However, many people naturally doubt whether that will be the case. Unfortunately, there are tons of scammers in the crypto industry, and it’s always hard to determine whether the project you’re betting so much on will actually deliver on its promises or run away into the night with all your money. So, is the Pi coin safe?
There are a few things that point toward the Pi network being a genuine project run by actual crypto enthusiasts. Here are some of them:
- The team has not launched an initial coin offering and insists it does not intend to have one in the future — ICOs are usually the go-to method for small cryptocurrencies to grab the money and run, so its absence is very promising.
- The developers have revealed themselves, and their names and faces have been disclosed. The core team is led by two Stanford University professors, which makes the project more reliable — it’s not some random devs nobody has ever heard of before.
- The project’s team has put a lot of effort into developing the Pi network and its ecosystem.
Of course, there are other ways for the Pi network team to make money off this project: for one, they can sell user data. The launch of the open mainnet and listing on exchanges also won’t save users from a potential scam. After all, the Pi network could always turn out to be an elaborate pyramid scheme, which is all the more likely with how one needs a referral code to get in and gets bonuses upon inviting more people to the project.
Most users and experts seem to believe the project is genuine, but you should still DYOR before you entrust it with your personal data.
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. Who knows, maybe it will get adopted by Tesla and become the next media darling, bringing its holders millions of profit. Only time will tell.
Meanwhile, while we all wait for Pi Network to be listed on crypto exchanges, you can try investing in one of the 200+ cryptocurrencies listed on Changelly.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment instrument.
The post Pi Network (PI) Price Prediction For 2022-2027 appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.