Pi Network (PI) Price Prediction 2024, 2025, 2030 —Will Pi Coin Hit $100? - BTCC (2024)

The decentralized cryptocurrency known as Pi coin is what drives the Pi Network. Encouraging decentralized peer-to-peer transactions and facilitating mobile cryptocurrency mining are its two main goals.

With over 47 million users signing up so far, this generated substantial interest by offering a much more accessible option to Bitcoin mining. Many investors are therefore optimistic that Pi coin will be the next cryptocurrency to soar. Forecasts for 2024–2030 are provided by this Pi coin price prediction, which takes community, usefulness, and tokenomics into account.

Pi Coin Price Prediction Summary

• In 2018, Nicolas Kokkalis and Chengdiao Fan designed the pi currency.
• In 2019, the project’s pre-Mainnet went live.
• Since it is presently on its locked Mainnet, it is unable to communicate with other blockchains.
• By the end of 2024, the price of Pi coin is predicted to be $0.4.
• Our prediction for the price of the Pi coin in 2030 is $1.05.

What is Pi Coin?

A group of recent Stanford grads designed and released the Pi coin on March 14, 2019. During the launch, participants were given a free Pi mining program that allowed them to mine the cryptocurrency on their mobile devices.

The number of people using the cryptocurrency had risen to over 100,000 by the end of June 2019. There were more than 3.5 million monthly active users by February of 2020. The network now boasts over 29 million active members, which is more than quadruple its March 2021 user count.

The cryptocurrency’s supply is controlled by half the reward every completed transaction. The Pi network, for instance, saw its decrease from 1.6 to 1.0 when it hit 100,000 subscribers. When it reached 1 million users and again when it hit 10 million users, the procedure was repeated. Once it reaches zero, at which point there will be one billion active users, it will continue halving itself every year until it reaches zero.

Pi Coin Overview

Pi Coin Price History

Pi Chart

In 2018, Nicolas Kokkalis and Chengdiao Fan established the Pi Network. The project’s goal was to facilitate more widespread community involvement through smartphone mining in an effort to compete with Bitcoin and other payment cryptocurrencies. Bitcoin and other Proof-of-Work blockchains, on the other hand, allow for mining using sophisticated and costly technology, such as ASIC processors.

There were three stages to Pi Network’s mining mechanism: pre-Mainnet, closed Mainnet, and open Mainnet. The closed Mainnet phase is where it is at the moment.

In 2019, users might earn PI in the pre-Mainnet phase by signaling their engagement in the network every 24 hours with a mobile app button click.

Starting at 1.6 PI/hour, the mining rate was cut in half after the first 100,000 members, and then it was cut in half again, and so on, until it reached 0.2 PI/hour.

The price history of the Pi coin is displayed on CoinMarketCap starting from December 2022. But there’s a disclaimer that says the coin isn’t currently tradeable and that PI-listing exchanges only give “IOUs” rather than physical coins.

Regardless, on December 30, 2022, the price hit an ATH of $330.65. After this, it started a sharp decline that ended on July 14, 2023, with a low of $19.7.

With a recent low of $38.7 and a high of $56 in August, the price has since rebounded.

Pi coin will be produced in increments as more users join the network; the maximum supply is 100 billion coins at the moment.

The Pi team holds 20% of the total supply, while the community has 80%. For a more detailed breakdown, 65% of tokens will go toward mining incentives, 10% toward ecosystem expansion (which will be overseen by the Pi Foundation), and 5% toward exchange liquidity.

Pi Coin Price Prediction 2024

In 2024, the project is going to face intense selling pressure due to the expected unlock of billions of Pi coin tokens.

There are only two possible outcomes to this selling pressure:

The demand for Pi is at least as high as the sell pressure.
Instead of happening all at once, the token unlock happens gradually over the course of several years.

When it comes to the demand for Pi, the project’s goal is to make its ecosystem useful. With its built-in value transfer capabilities, the coin may be used to pay for a variety of goods and services.

Token trading and transfers are the only current features available to Pi Network users. However, it is expected that shops and merchants would also start taking the currency after the open Mainnet is released.

In terms of the token unlock, when the Mainnet becomes live, a significant chunk of the 100 billion capped supply will still be locked. However, before the open Mainnet release, users will have mined around 10–20 billion PI, as stated in the Pi coin whitepaper. At its present price of more than $38, Pi would rightfully be considered one of the leading cryptocurrencies in terms of market capitalization.

Our Pi coin price prediction reveals that Pi is expected to undergo a substantial selloff before reaching price stability. This is due to its present lack of utility and the fact that many holders will likely seek to immediately dump their tokens.

Similar problems with Worldcoin were pointed up in our most recent price prediction. With an aggressive token unlock timetable and a fully diluted market cap of above $20 billion, the circulating supply was wildly inflated. As a result of these reasons, the price of Worldcoin has been steadily declining since its launch.

In light of this, we project that by the end of 2024, the price of one Pi coin could range from $0.1 to $0.7, with an average price of $0.4. Be that as it may, substantial price volatility in either way is possible given the 47 million users and the enormous expectation surrounding the open Mainnet release.

Pi Coin Price Prediction 2025

The project’s costs might start to stabilise in 2025, assuming the Pi open Mainnet launches in 2024. Developers and suppliers seeking a flourishing environment may find Pi currency appealing due to its capped supply and coin unlock mechanism, which give a predictable supply.

This bodes well for the coin’s future usability. Because of this, the selling pressure from mining Pi could be reduced, and its demand could even increase. The allocation of 10% of Pi coins to ecosystem development further supports this.

Speculative investors may be drawn to it due to its unusual use case as a decentralized and distributed cryptocurrency, which could increase its demand.

Also, a lot of people in the know think that 2025 will be the year of Bitcoin’s next bull run. Given the size of the Pi coin community, this might boost the value of other popular cryptocurrencies.

As a result, by the end of 2025, we anticipate that the price of one Pi coin will range from an average of $0.8 to a maximum of $1.2. An increase of 100% from its average price in 2024 would be the result of this.

Pi Coin Price Prediction 2030

Predicting the long-term value of a project, especially one as new and experimental as Pi coin, is no easy task. Nevertheless, the project’s network effect is a key factor to consider.

The ecosystem has intrinsic value and might attract firms seeking new markets, with 47 million people already using the closed-Mainnet. The key question is whether Pi currency can overcome the supply shock that followed its open Mainnet debut, but this may offer long-term promise.

Imagine for a second that purchasers are able to soak up a large chunk of the anticipated dumping. In that instance, the network will continue to attract businesses and decentralized app developers because Pi coin would still have some value. But it will be unable to entice new development if ecological value floods, which will certainly kill its long-term potential.

Our worst-case scenario predicts a price of $0.01 taking into account this and the fact that its supply is capped at 100 billion. If the project’s selling pressure cannot be restored after its open mainnet release, this would happen.

In the meanwhile, our optimistic Pi prediction calls for $2, which should materialize after the project’s pricing stabilises following its open Mainnet release.

This means that by the end of 2030, we expect the average price of a Pi coin to be $1.05 USD. If you’re right, that’s a 26.625% increase from its price in 2025.

Is Pi Coin a Scam?

Pi Coin potential investors frequently wonder if their investment will be scammed.

Because Pi Coin is not yet accepted as payment anywhere, this is a legitimate concern. Moreover, one can wonder what’s taking so long for the project’s introduction on markets.Many Pi coin investors are currently (temporarily) out of pocket, and the crypto’s value is more speculative than objective.

But from what I’ve seen so far, I can say that PI Coin is a legit endeavor. This is due to the fact that developers have pledged to make it available on decentralized markets by the summer’s end.

As of now, the project also has one of the largest online user bases in its field. Its developers have always been responsive to these users, showing they want to make changes based on community feedback.

In addition, the project has not shown any red flags that it is a scam in the few years that it has been active. This proves that the PI coin is not a hoax.

Is Pi Coin a Good Investment?

Speculative analysis, as opposed to fundamental and technical analysis, is now the only basis for Pi Coin investments.

It’s possible that prices won’t “pun out” as indicated by my analysis, despite the fact that it’s quite positive. Speculative analysis carries a significant level of risk. Consequently, the potential rewards and losses of investing in Pi Coin are enormous.

Is Pi coin Safe?

Not all experts who speculate on the value of Pi Coin are concerned with whether or not the Pi Network is legitimate. There is no evidence to support the claim that a single Pi may be worth anywhere from $10 to $100 at present, and the company behind the Pi Network hasn’t given much comprehensive information on the project’s specifications.

The Pi Network’s app now features advertisem*nts, which may indicate that monetizing the service’s millions of users is its primary goal. The fact that users have to give their full names, phone numbers, and Facebook handles in order to download the app is also a problem.

Will Pi Coin Hit $100?

Given that the price of the cryptocurrency has previously treble this figure, it is possible for Pi to reach $100. Given the token’s extreme volatility, though, when exactly this $100 surge would occur is anybody’s guess. But with such a supportive community, the project might be ready for launch in under a year.

Will Pi Coin Hit $50?

Until late 2024, the PI price is expected to remain stable or perhaps increase. This is due to the fact that the market is currently in favour of bullish tendencies, the mainnet launch of PI, and the halving event of Bitcoin. The lowest price at which PI could be traded is $30 by the end of 2024. It might be worth as much as $60 at its peak.

What Affects the Pi Coin Price?

The Pi coin price is determined by supply and demand, just like any other cryptocurrency. There is a lot of supply and very little demand for Pi Coin right now.

A huge line of holders is waiting to finally lock in some earnings, since more than 47 million users are unable to sell their Pl. A large selloff may occur, however, just after the open Mainnet release, when there will be a lot of sell pressure.

Ecosystem improvements or new incentives for long-term holders, however, can mitigate part of this demand for selling. The Pi currency team announced that an artwork was sold in South Korea for $37.59 per PI, even though it is only available for purchase and sale as IOUs on certain exchanges.

This demonstrates the value-transfer capabilities of Pi currency and has the potential to increase its demand. But this demand can hardly withstand the onslaught of selling pressure, given that its fully diluted market cap (determined by the exchange-traded price of its IOUs) exceeds the total market size of all cryptocurrencies combined.

The project’s compliance with applicable regulations is another consideration. The Pi Network, which the Vietnamese government has recently labeled as an MLM, is the subject of an inquiry.

The investigation’s conclusion is still up in the air, but it does show that Pi currency could be vulnerable because of its referral-based mechanism.

Pi Coin Price Prediction: FAQs

1.Should you invest in Pi Coin?

Some have questioned whether or not Pi Network and Pi Coins are genuine, although there are good grounds to think they are. However, we cannot proceed until the coin is listed on major exchanges.

2.When and where can I get Pi Coins (PI)?

No cryptocurrency exchanges currently offer PI for purchase. However, once it is listed, eToro will be a reliable brokerage for purchasing and selling PI.

3.How high can Pi Coin go?

Over the next few years, we anticipate PI Coin’s value will increase. By 2022’s conclusion, our calculations estimate that one coin will be valued around $0.008006. Forecasts put the value of PI at $0.00984 in 2023, $0.01683 in 2025, and $0.07862 in 2030.

More about Pi Coin

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