Wallets&Exchanges

Pi Network Price Prediction 2023-2027

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’s getting closer to a public launch. This article discusses the Pi coin price prediction for 2023 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.

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According to the latest data gathered, the current price of Pi is $$29.60, and PI is presently ranked No. 2826 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 $0.05 in its current value.

For the last 7 days, PI has been in a good upward trend, thus increasing by 2.69%. 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 1.63%, adding a colossal average amount of $0.48 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

What’s Pi Network?

The Pi Network is a new 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 aspiring 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 make sure that no one is left out of the cryptocurrency revolution. The website also emphasizes that investing in cryptocurrencies can be risky and that mining them is difficult.

Pi price prediction: Pi Network’s roadmap

The ecosystem of the project contains a variety of functions. Users can take on the positions of Pioneer, Contributor, Ambassador, and Node. 

The regular users of the mobile app are known as “Pioneers,” and they are required to check into the app each day to verify that they’re not a robot.

Users can acquire the Contributor role on Pi after completing three mining sessions as a Pioneer.

The Pi Network is introduced through “Ambassadors,” and its novel structure has led some to claim that the initiative is following multi-level marketing practices. Those who utilize the app and use the node software on their computers are referred to as “nodes.”

To validate transactions on a distributed ledger, the network employs the Stellar Consensus Protocol, or SCP. Users can mine Pi Coins with their phones and reach a consensus with other Pi nodes, and once the coin is released, they can sell all existing Pi Coins they’ve accumulated over time. 

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Is Pi Mainnet launched?

No, Pi mainnet is not open to the public yet.

According to the project announcements, as the mining platform gets ready to start the next phase — open mainnet — Pi Network continues to grow in its Enclosed Mainnet. Multiple developers have already expressed an interest in generating utilities by deploying their Decentralized Applications (dApp) on the network by participating in several Hackathons held by the Pi Core Team.

Upon mainnet debut, Pi coin will act as the currency and fuel all operations on the Pi blockchain. Here are the anticipated primary applications of Pi currency: money transfers, NFT transactions, a payment method for goods and services, play and earn utility, and more. 

Pi Network has been focusing on technological advancements, KYC solution, Pi platform and ecosystem creation, among other things, since its mainnet migration began on August 3, 2022. Pi Network finale phase 4 launch date remains unknown.

Is Pi coin worth anything?

What is the worth of the Pi cryptocurrency? As of February 2023, 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 listed on any cryptocurrency trading exchange.

Investors may have noticed the public display of the Pi Network value on a small number of cryptocurrency exchanges, such as Huobi, which listed Pi for trade on December 29, 2022. But as we said previously, the Pi network is still in its Enclosed Mainnet stage, which forbids the exchange of Pi coins.

The quantity of coins in circulation when the Pi Network is fully launched has yet to be revealed by the project’s creators. The maximum supply has not yet been determined.

Pi Coin Price History

According to the latest data gathered, the current price of Pi is $$29.60, and PI is presently ranked No. 2826 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 $0.05 in its current value.

For the last 7 days, PI has been in a good upward trend, thus increasing by 2.69%. 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 1.63%, adding a colossal average amount of $0.48 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 truly 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 2023 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

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

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.

DigitalCoinPrice

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 $0.0000388 and gives a one-year price prediction of $0.0000339.

CoinMarketCap also lists the current value of the Pi coin which, as of the beginning of February, 2023, equals $58.56. However, the service also has a disclaimer for traders about the questionable reputation of the project. 

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Pi Network Price Predictions for 2023–2027

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 2023

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.  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 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 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 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.

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? This might be a million-dollar question 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.

Pi Network app currently has over 35 million active users. Image: CryptoPotato

The second huge cause for doubt is the constant postponement of the project’s full launch as well as blurry milestones on a 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 merely stated that “the Enclosed Network phase is in keeping with Pi’s vision of a utility-based ecosystem and its iterative methodology,” without specifying when the network will become open. 

Nonetheless, the project is still making a buzz in the crypto community. Southeast Asia seems to be particularly fond of the Pi network. However, blockchain experts, in comments to the Vietnamese publication VnExpress, questioned the authenticity of the cryptocurrency platform, citing the fact that users do not have access to their private keys.

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.

Final Thoughts

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.

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.

The post Pi Network Price Prediction 2023-2027 appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.

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