You may have heard about the Pi coin, but you would be wondering whether it is a legit investment option, what its exact value is, and can its price be predicted. In this guide, you will explore everything you need to know about the Pi coin so that you can make a well-thought investment decision.
Pi network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, who holds a Ph.D. in computational engineering and social sciences from Stanford University. Pi network is available on a smartphone app that allows investors and traders to access and hold their digital assets in the form of Pi coins on its digital wallet.
Launched in 2018 by the Pi network as its native token, it is a decentralized digital currency that enables users to trade and transfer digital assets over the Pi network. The pi coin is presently available only on Binance and Crypto.com. Since it is not available on most of the popular crypto exchanges, its availability is limited so far.
Pi network, as its owners claim, does not work on a proof-of-work (PoW) consensus algorithm, which was the subject of criticism of late. It has innovated a novel consensus mechanism called Federated Byzantine Agreement (FBA), to validate transactions. FBA is an adaptation of the Stellar Consensus Protocol (SCP), which is used by the Stellar blockchain.
Mining cryptocurrencies such as bitcoin or Ether requires a lot of energy, resources., and advanced technical knowledge, but Pi network on its website claims that it is the only digital currency that allows its users to mine on a mobile phone by leveraging their existing social connections without money and technical resources and expertise.
Since the Pi coin is not available on most crypto or non-crypto exchanges. The best way to get a Pi coin is mining. Its users can start mining coins by just downloading the Pi network app on their smartphone with an invitation code referred from an existing member. Users also get a 25% boost in their earnings when they refer the app to other miners. And after inviting 4-5 people into your circle, you become a Contributor. According to DigitalCoinPrice Pi coin has a max supply limit of 2,941,130.
Because it is in its early stage of the launch, it would be too early to reach a conclusion regarding the possible future value of the Pi coin. The lack of data limits our capability to predict the future value of the coin. Since it is not available on most of the reliable crypto networks, except Binance exchange and Crypto.com, there is also a question mark on its reliability and credibility. Moreover, the Crypto price-tracking website Coinmarketcap has marked the Pi coin’s data as untracked.
The Pi network on its official Twitter account claimed that it has over 35 million users, which it called pioneers. Its users are awaiting to leverage the price rise once it goes live on all platforms.
There is still debate whether Pi Coin is a scam or a legit initiative due non-availability of data and lack of transparency. Despite looming questions over its authenticity, let us explore Pi coin price prediction, its price history, and its potential to grow in the future.
Data sought from CoinDataFlow suggested that in August 2021, the Pi coin would be trading between $1.32 and $1.35. However, it could not be substantiated as it was not launched in 2021. The website also stresses that the Pi coin possibly rises to $1.48 by 2025 with a growth rate of 1%. And it can reach $224.89 if it grows at a rate of 100%, which may seem to be unrealistic as of now.
In another price prediction, Digital Coin forecasted that the Pi coin will see a rise from $0.0107 to $0.0127 between 2021 and 2022 and would touch a price of $0.0212 by 2025. The data also indicated that the Pi coin may rise to $0.0319 in 2028.
The Wallet investor conducted an algorithm-based analysis and concluded that the Pi coin would be $0.0132 at its launch, which may fall to $0.00743.
Since it is not listed on most of the crypto exchange platforms and there is no reliable data available, any future price prediction of the Pi coin would be prone to fall short of reality. However, based on different online sources, the Pi coin price prediction 2025 aand next four years is explained in the section below:
As of August 2022, Pi Coin is priced at $0.005679. Since it is minable on a smartphone, its price is expected to grow in the near future. It was predicted to grow at an average of $0.0127 in 2020 and may reach $2 by the end of the year, but for it was not launched it remained at $0. In late 2021 it was listed at $0.007077 by CoinMarketCap.
May the crypto market rebound from the bearish trend in 2023. The Pi coin is expected to follow the market trend and see progress in its price when it will be available on most crypto exchanges. According to WalletInvestor Pi coin's price would be $0.0389 in 2023, while it would be $1.53 as per CoinDataFlow.
CoinDataFlow data suggests that the Pi coin would reach $1.57 in 2024. As per WalletInvestor $0.0849 would be the expected price of the Pi coin in 2024.
DigitalCoinPrice anticipates that the Pi coin in 2025 would be at $0.0211516743, and $0.0319333504 in 2028. DigitalCoinPrice predicted an average price of $0.0212 in 2025 and $0.0319 in 2028.
The authenticity and potential to grow are to be accessed once it is officially available in all crypto exchanges. The credibility of future price prediction remains to be observed when the Pi coin is available to its more than 35 million pioneers, and crypto users as the prediction by different sources indicate a moderately bright future in the next 4 years. Till then you may enhance your understanding of digital currency to choose the best cryptocurrency for your investment.