Introduction
Pi Network was established by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, both holding PhDs from Stanford in computational engineering and social sciences.
With a profound belief in the technical, financial, and social potential of cryptocurrencies, the founders aspire to address the limitations of traditional blockchains.
They adopt a user-centric design philosophy that redefines the conventional development approach for new blockchains.
Currently, in the Enclosed Network phase of Mainnet, Pi Network is not open for trading.
The network refrains from conducting any Initial Coin Offerings (ICOs) or crowdfunding activities, and any unauthorized distribution of Pi is not affiliated with Pi Network.
What is Pi Network?
Pi Network stands as a distinctive social cryptocurrency and developer platform, providing a dual function.
Firstly, it enables mobile users to mine Pi coins without depleting battery resources or causing harm to the environment. Secondly, it cultivates a globally accessible app platform, aiming to be the most widespread, where developers can offer users tangible utilities and products in exchange for Pi coins.
With an engaged user base exceeding 35 million and an innovative mining mechanism that allows anyone to mine Pi directly from their smartphones, Pi Network is committed to empowering the masses.
The blockchain of Pi ensures the security of transactions through a mobile meritocracy system, while also facilitating a complete Web 3.0 experience.
This experience extends to a platform where community developers can construct decentralized applications (dApps) for millions of users.
What Is PI Token or Coin?
Pi Coin (PI) serves as the indigenous cryptocurrency of the Pi Network, a groundbreaking blockchain project with the objective of democratizing mining for users possessing either desktop or mobile devices.
The overarching goal is to facilitate widespread accessibility while concurrently fostering a digital currency suitable for seamless integration into daily transactions.
How Much Is A Pi Token Worth?
The present valuation of Pi stands at $34.44 per Pi against the US dollar (PI/USD), reflecting a current market capitalization of USD 0.
The 24-hour trading volume is reported at USD 283,157.93. Real-time updates ensure accurate PI to USD pricing.
Over the last 24 hours, Pi has experienced a modest increase of +0.51%, with a circulating supply currently pegged at 0.
Pi Coin Price Prediction 2023
Based on our assumption that Pi’s price will mirror the trends observed in many other altcoins, it is anticipated that this cryptocurrency will experience a rally shortly after its listing.
The year 2023 holds promise as a potential turning point for the crypto industry, signaling a recovery from the ongoing bear market.
The Pi coin is poised to align with any market upswings, potentially reaching unprecedented price levels in 2023.
Furthermore, the overall enthusiasm for cryptocurrency can significantly favor the Pi cryptocurrency.
Its user-friendly nature, coupled with its free mining feature and association with the mathematical constant pi, positions it well to capitalize on the general hype.
If a surge in interest occurs in the early spring of 2023, the team can leverage effective advertising on Pi Day.
It’s worth noting in any prospective Pi coin price prediction that it may present an attractive opportunity for businesses to invest in and adopt.
For instance, it meets the criteria outlined by Elon Musk for a cryptocurrency that could potentially serve as a payment medium for Tesla.
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Pi Coin Price Prediction 2024
Looking ahead to 2024, our projection indicates that the Pi cryptocurrency will continue its upward trajectory.
As emphasized earlier, any positive sentiment or excitement circulating within the cryptocurrency community could substantially elevate the value of this digital asset.
If the overall market fails to recover and remains at its current level, Pi may not witness an exceptional surge in profitability.
Nevertheless, it retains its potential as a prudent investment. Given its initial acquisition cost of $0, any subsequent uptick in the price of Pi cryptocurrency would result in a profitable outcome for investors.
Pi Coin Price Prediction 2025
Considering the hypothetical scenario for 2025, if everything unfolds as planned, Pi cryptocurrency is likely to maintain a relatively stable price level, mirroring the behavior of many other altcoins.
In such a situation, Pi would only experience an uptick during market booms or when subjected to community or developer-driven pumps.
However, there exists the possibility, albeit slim, that Pi garners attention from a celebrity or a major business entity.
In such an event, the price of Pi could witness exponential growth, potentially surpassing the $1 mark. Given the current estimated circulating supply of 40 million, which is expected to increase over time, this would position its market capitalization roughly at the same level as the current market capitalization of XRP.
Pi Coin Price Prediction 2027
The trajectory of the Pi Network in the next five years remains uncertain, and only time will unfold its fate.
Should the coin successfully adhere to its listing plans and navigate through potential market downturns following earlier surges, this digital currency can endure until 2027 and potentially yield profits for all its holders.
The outcome is contingent on a series of factors, including the coin’s listing, resilience in the face of market fluctuations, and its ability to establish viability and profitability over the given timeframe.
Pi Network price in dollar
As of today, the price of Pi Network stands at $34.07, accompanied by a 24-hour trading volume of $297,636, a market capitalization of $0.00, and a market dominance of 0.00%. Over the past 24 hours, the PI price has witnessed a 0.96% increase.
The current statistics mirror a price of $34.07 for Pi Network, a 24-hour trading volume amounting to $297,636, a market cap of $0.00, and a market dominance of 0.00%, with a positive upswing of 0.96% within the last 24 hours.
Where Can You Buy a Pi Coin?
Pi Network is currently listed on 2 cryptocurrency exchanges, available for trading across 2 trading pairs.
The PI/USDT pair on BitMart stands out as the most popular, boasting a substantial trading volume of $208,729.
This trading pair allows users to engage in Pi Network transactions with various fiat currencies and stablecoins, including the widely used USDT.
The platform offers flexibility for traders, allowing them to participate in the Pi Network market using a diverse range of currencies and stablecoin options.
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Pi Network Launch Date
A noteworthy occurrence occurred in late October, revealing a significant development.
An article, shared by the Pi ecosystem news channel (@PiNewsMedia), conveyed the anticipation of the Pi Mainnet launch between March and June 2024.
Is Pi Network real?
Pi Network is a project mired in controversy and has faced accusations of being a scam.
Numerous red flags have been identified in connection with the project, leading to the firm advice against investing in it.
For those intrigued by cryptocurrency, it is strongly advised to consider investments in more established projects with a higher likelihood of success.
Can I convert my PI to USD?
You have the option to convert 1 PI to 34.11 USD. The real-time PI to USD calculator relies on live data sourced from multiple cryptocurrency exchanges.
What makes Pi Network unique?
Pi Network’s blockchain employs an adapted Stellar Consensus Protocol (SCP), offering decentralized control, low latency, flexible trust, and heightened security while minimizing environmental impact compared to traditional mining methods.
Fault tolerance is achieved through a decentralized network of nodes, facilitated by mobile users vouching for authenticity.
The ecosystem design promotes Pi coins as a decentralized medium of exchange, guided by principles of fair distribution, scarcity, and meritocracy.
Pi Network’s developer platform, with the world’s largest identity-authenticated user base, provides pre-built infrastructures, a secure App Engine akin to iOS, and functionalities catering to developers.
This fosters seamless integration and interoperability within the Pi ecosystem, allowing users to navigate different apps without separate logins or additional information.
Does Pi Network have a future?
The purpose of Pi Network is uncertain, and there’s a debate about whether it’s a real project or a scam.
Unlike typical scams where people invest money, Pi involves investing time in smartphones.
The organization is criticized for potentially exploiting its 35 million users for advertising.
They announced this number on May 19, 2022, but no updates followed.
While Pi Network might succeed, paying users and having a valuable cryptocurrency, there are concerns.
Even though it was founded by graduates from Stanford, a respected university, the cryptocurrency industry has a history of frauds, pyramid schemes, and failures like OneCoin, which resulted in significant financial losses and legal charges for many involved.
Final Thoughts
In summary, Pi Network, founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, operates as a social cryptocurrency and developer platform. Despite controversy and accusations of being a potential scam, it strives to address blockchain limitations.
The blockchain utilizes an adapted Stellar Consensus Protocol for secure, eco-friendly transactions.
The current price of Pi stands at $34.07 with a 24-hour trading volume of $297,636. Its future is uncertain, with predictions and concerns about its success or potential risks.
The project’s uniqueness lies in its user-centric design, allowing mobile mining and fostering a decentralized app platform.
The Pi Mainnet launch is anticipated between March and June 2024. Criticisms involve the alleged exploitation of its 35 million user base for advertising.
Investors are urged to exercise caution, considering more established projects in the cryptocurrency landscape.
The debate continues on whether Pi Network, with its free mining feature, will evolve into a profitable venture or face challenges reminiscent of past cryptocurrency failures.