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. According to the official announcement, "Pi is currently in the Enclosed Network and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network was not involved with any of these purported postings or listings." While the Pi coin is in Phase 3, the cryptocurrency 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 (27 August 2024), Pi Network's price was $36.49, with a daily trading volume of $155,775. Pi ranked #3434 on CoinMarketCap, with a $2,481,057,332 market capitalisation, a circulating supply of 68,000,000 PI, and a maximum supply of 100,000,000,000 PI.
Pi price statistics (as of 27/08/24)
Pi Network price | $36.49 |
Market cap | $2,481,057,332 |
Circulating supply | 68,000,000 PI |
Max supply | 100,000,000,000 PI |
Daily trading volume | $155,775 |
Pi Network's all-time high | $330.65 (30/12/22) |
All-time low | $0.1794 (07/04/24) |
Pi Network's 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.
PI Price History
Based on data from 27 August 2024, the cryptocurrency price was $36.49, which increased by 1.18% 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.
From April to June 2024, the Pi Network (PI) price experienced fluctuations. The price opened at $41.19 on 11 May 2024 and reached a high of $42.08 and a low of $40.90, closing at $41.14. However, by 10 June 2024, the price had decreased, opening at $38.71, reaching a high of $38.96, a low of $38.37, and closing at $38.76. The highest recorded price during this period was $42.65 on 21 May 2024, and the lowest was $36.92 on 13 May 2024.
The price of PI fluctuated significantly between June and July 2024, between $29.51 and $40.58. In June, PI opened at $38.71 on the 10th, peaked at $38.96, and closed at $38.76. In July, it traded at $34.45 on the 8th, rose to $37.12 on the 9th, and settled at $36.75 on the 10th.
PI is projected to trade between $55 and $70 by the end of 2024, potentially reaching $200 or more by 2025, depending on network adoption.
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.
As of 27 August 2024, the sentiment for Pi Network's price prediction is bearish. Technical indicators suggest that the 200-day SMA is expected to rise to $44.93 by 26 September 2024, while the short-term 50-day SMA could reach $58.21 by the same date. The RSI value is at 47.22, indicating a neutral market position for PI. With a classical pivot point of $36.92, Pi Network has support levels at $35.23, $34.26, and strong support at $32.57, while resistance levels are at $37.88, $39.57, and $40.53.
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 Pi Network value prediction shows a varied trajectory over the coming years. For 2024, the price is forecasted to range between $0.000026 and $0.000051. In 2025, the value is expected to increase, with a minimum of $0.000046 and a maximum of $0.000138. However, 2026 predicts a dip, with prices between $0.00002 and $0.00009. The following years show gradual fluctuations, with 2029 standing out with a projected range of $0.000095 to $0.000258. By 2033, Pi Network's value could reach as high as $0.000485, with a minimum estimate of $0.000182, indicating potential long-term growth.
Crypto Investor Pi Network Price Prediction for 2024, 2025, 2030 and 2040
CoinDataFlow's price predictions for the Pi Network (PI) suggest significant growth potential over the coming years, though these forecasts are inherently speculative. In 2024, the price is expected to range from $37.53 to $85.08, averaging around $61.30. By 2025, predictions indicate a substantial increase with a low of $76.31 and a high of $323.39, averaging $200.00, reflecting potential growth if the network gains traction. By 2030, the anticipated price ranges from a minimum of $79.93 to a high of $450.00, with an average of $274.89, indicating considerable appreciation if the ecosystem develops effectively. Long-term forecasts for 2040 are particularly bullish, with prices ranging from $826.65 to $902.42 and an average of $852.32, suggesting a dramatic rise in value as the network matures.
Reddit Community Pi Network Value Prediction for 2024, 2025, 2030 and 2040
The Reddit community has shared various predictions regarding the future value of the Pi Network (PI) for 2024, 2025, 2030, and 2040. For 2024, many users anticipate the price of Pi could exceed $50 by year's end, with some discussions suggesting a market capitalisation between $70 to $100 billion, leading to a price range of $2.60 to $3.81 per coin based on an estimated 26 billion coins. In 2025, the community remains optimistic, predicting prices could rise to around $70 to $100 per coin if the network gains traction and user adoption increases.
By 2030, predictions are generally bullish, with expectations of significantly higher prices due to potential widespread adoption and utility. Looking ahead to 2040, some users speculate that Pi could reach remarkable prices, $100 or more per coin, depending on successful network development and user engagement.
Crypto Ground Pi Network Price Prediction for 2024, 2025, 2030 and 2040
Crypto Ground's Pi Network price prediction projects that in 2024, the price is expected to range from a low of $35.97 to an average of $43, with a high of $65. By 2025, forecasts suggest a low of $43, an average of $55, and a high of $65. Looking ahead to 2030, the value is projected to increase significantly, with a low of $99.96, an average of $162.08, and a high of $162.08. Long-term predictions for 2040 indicate substantial growth, with the price anticipated to range from $826.65 to an average of $852.32 and a high of $902.42.
CoinSwitch Pi Network Price Prediction for 2024, 2025, 2030 and 2040
According to CoinSwitch's Pi Network price prediction, the price in 2024 is expected to range from a low of $35.69 to an average of $58 and a high of $167.29. In 2025, the forecast remains similar, with a low of $35.69, an average of $73, and a high of $167.29. By 2030, the value is predicted to rise, with a low of $88.48, an average of $98, and a high of $143.47. Looking ahead to 2040, the price is anticipated to increase significantly, with a low of $826.65, an average of $852.32, and a high of $902.42.
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