Introducing Pi Coin, the decentralized cryptocurrency that is revolutionizing crypto mining. Pi Coin powers the Pi Network, a platform that encourages decentralized peer-to-peer transactions and allows users to mine crypto directly from their mobile phones. This innovative approach makes crypto mining more accessible, sparking significant interest and attracting over 47 million users worldwide.
Pi Coin, launched by Nicolas Kokkalis and Chengdiao Fan in 2018, has seen significant growth since its pre-Mainnet in 2019. Currently in its closed-Mainnet phase, our forecast predicts remarkable value appreciation in the future. By the end of 2024, we estimate the Pi coin price to reach $0.4, with an average price of $0.4 and a potential maximum of $0.7. Looking further ahead, our 2030 Pi coin price prediction anticipates a significant surge, forecasting a minimum of $0.01, an average of $1.05, and a potential maximum of $2. This promising outlook highlights the immense potential of Pi Coin in the coming years.
Since its inception, Pi Coin’s journey has been nothing short of intriguing. The pre-Mainnet phase kicked off in 2019, allowing users to earn PI tokens simply by tapping a button on a mobile app every 24 hours, symbolizing their commitment to the network. Initially, the mining rate stood at 1.6 PI per hour, undergoing halving events after each milestone of 100,000 members, ultimately settling at 0.2 PI per hour.
The Pi coin price history, as recorded by CoinMarketCap, began making waves in December 2022, though with a caveat. Despite its meteoric rise, Pi Coin remains non-tradeable, and exchanges listing PI are essentially offering ‘IOUs’ rather than actual ownership. Nonetheless, the coin defied all odds by reaching an astonishing all-time high (ATH) of $330.65 on 30 December 2022, sparking global interest and speculation.
However, the journey hasn’t been without its share of challenges. Following the ATH, Pi Coin embarked on a sharp selloff, plummeting to lows of $19.7 in July 2023. But the resilient cryptocurrency bounced back, scaling new heights of $56 in August and currently trading at $38.7, demonstrating its resilience and potential in the long run.
At the CORE of Pi Coin’s success lies its unique economic model. The coin boasts a maximum supply of 100 billion, which will be gradually released as the network grows. This ensures scarcity and value appreciation over time. Furthermore, 80% of the total supply has been allocated to the community, while the remaining 20% belongs to the Pi team, fostering a sense of ownership and community participation. Within the community allocation, 65% is earmarked for mining rewards, 10% for ecosystem expansion managed by the Pi Foundation, and 5% for exchange liquidity, ensuring sustainable growth and expansion.
Pi Coin’s price history highlights key milestones. Since trading commenced in 2022, it peaked at $330.65 on December 30th. Currently, it’s trading at $38.7. However, CoinMarketCap cautions that as the Pi Network mainnet is inactive, the coin may not be exchangeable. Explore Pi Coin’s intriguing journey and stay updated on its latest developments.
However, it’s important to note that Pi Coin currently lacks widespread utility, and there’s a high likelihood that many holders may opt to sell their tokens immediately after the Mainnet release. This could result in a significant sell-off before the price stabilizes. Similar trends have been observed in other cryptocurrencies, such as Worldcoin, which faced an overvalued circulating supply and an aggressive token unlock schedule, leading to a continuous downward price trend.
In our Pi Coin price prediction for 2024, we estimate a potential low of $0.1, a high of $0.7, and an average price of $0.4. While these projections are based on current market conditions and trends, it’s worth mentioning that Pi Coin boasts an impressive user base of 47 million, with immense anticipation surrounding the Mainnet release. This combination of factors could lead to significant price volatility, with both upward and downward movements possible.
The allocation of 10% of Pi coins towards ecosystem development further underscores its commitment to fostering growth and adoption. Its unique proposition as a decentralized and distributed cryptocurrency also makes it a compelling investment for speculative investors, potentially driving demand even higher. Moreover, with many experts forecasting a Bitcoin bull run in 2025, the prices of top altcoins, including Pi coin, are expected to surge, given its significant community support.
However, a key factor that will determine Pi Coin’s long-term success is its ability to navigate the supply shock that typically accompanies the launch of an open Mainnet. If buyers can successfully absorb a significant portion of the initial selling pressure that’s likely to occur, Pi Coin stands to retain significant value, making its network even more appealing to businesses and developers looking to build decentralized applications (dApps). Conversely, if value floods out of the ecosystem due to overwhelming selling pressure, it could severely hamper Pi Coin’s long-term potential.
In our bear case scenario, we estimate that Pi Coin could see a price of just $0.01 by 2030. This scenario assumes that the project is unable to recover from the initial selling pressure following its transition to an open Mainnet. However, in our bull case scenario, we forecast a much more optimistic price of $2 for Pi Coin by 2030. This bullish prediction hinges on the project’s ability to achieve price stability and gain widespread adoption following the launch of its open Mainnet.
Balancing these two scenarios, we arrive at an average price forecast for Pi Coin of $1.05 by the end of 2030. If this prediction is accurate, it would represent a significant increase of 26.625% from its 2025 price. While this estimate is based on a number of assumptions and variables that could change over time, it provides a valuable starting point for investors and enthusiasts interested in understanding the potential trajectory of Pi Coin’s price in the coming years.
Exploring the potential price range of Pi Coin? Here’s a snapshot of predicted lows and highs:
Year | Minimum Price | Maximum Price |
2024 | $0.1 | $0.7 |
2025 | $0.4 | $1.2 |
2030 | $0.01 | $2 |
The intricate landscape of cryptocurrency pricing is often influenced by a myriad of variables, and the Pi coin is no exception. At its core, the price of Pi coin is dictated primarily by the fundamental principles of supply and demand. However, in the case of Pi Coin, the current scenario reveals a significant supply with relatively minimal demand drivers. This imbalance is further exacerbated by the over 47 million users who are eagerly anticipating the opportunity to sell their holdings, creating a long queue of potential sellers.
It’s anticipated that much of this sell pressure may materialize shortly after the open Mainnet release, potentially triggering a significant market selloff. Nonetheless, there are potential counterbalances to this trend. Ecosystem advancements and incentives for long-term holders could mitigate some of the selling pressure, stabilizing the market and attracting investors seeking stable growth opportunities.
Interestingly, despite not being widely available for direct trading, the Pi coin team recently reported that a painting in South Korea was sold for $37.59 per PI. This intriguing instance not only demonstrates the coin’s ability to transfer value but also suggests a latent demand that could bolster its market position. However, it’s worth noting that with a fully diluted market cap significantly exceeding the entire global cryptocurrency market cap, it’s challenging for this latent demand to absorb the imminent sell pressure.
Moreover, regulatory concerns also play a pivotal role in shaping the Pi coin price. In a recent development, the Vietnamese government initiated an investigation into the Pi Network, labeling it as a multi-level marketing scheme. The outcome of this investigation remains uncertain, but it highlights the potential risks associated with Pi coin, especially due to its referral-based system.
Pi coin, a pioneering initiative in the crypto space, has garnered significant attention as a means to earn free cryptocurrency. However, it’s crucial to note that investors cannot directly purchase PI tokens; instead, they may find IOUs (I Owe You) representing Pi on certain exchanges. The Pi team has cautioned against acquiring these IOUs, warning that their value may plummet following the official Mainnet launch. Given this backdrop, purchasing Pi coin at this juncture may not be advisable, though its long-term potential remains intriguing once the market stabilizes.
Discover if Pi coin is a worthwhile investment. While investors can currently only buy Pi coin as an IOU on exchanges, the Pi team discourages this. Instead, download the Pi coin app and visit it daily to mine Pi coin, a potentially safer and more rewarding option. Learn more about Pi coin’s potential and how to mine it effectively.
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