Pi Coin Price Prediction: 2024, 2030, 2040 and Beyond

Pi Network or Pi Coin Price Prediction became the talk of the town with its unique proposition of “mining with a smartphone” and an invite-only mechanism to be a part of the network.

The protocol’s vision includes a future where blockchain networks do not require expensive and specialized equipment to uphold the ethos of decentralization — anyone and everyone should be able to spin up a node and participate in transaction validation.

DISCLAIMER: All price predictions and analyses mentioned in this article are speculative and/or based on past performance. Historic performance does not guarantee future results and the price of PI is heavily subjected to micro and macroeconomic factors that cannot be predicted with certainly. Perform your own research before investing.

Pi Coin provides a different investment opportunity. From its low-carbon emission mining protocol to its ambition of becoming a universal, accessible currency, Pi Coin hopes to position itself as a novelty in the crypto world. As a result, Pi Coin showed a significant growth of more than 190% in the last year.

Note that the mainnet for Pi Network has not launched yet. The prices mentioned in this article are based on IOUs. The predictions are an extrapolation and speculation of the same prices.

So, what does the future price prediction hold for Pi Coin, and how can you benefit from this groundbreaking cryptocurrency?

What is Pi Network or Pi Coin?

The Pi Network initiative is the brainchild of Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillips, who are driven by a desire to simplify mining digital assets through mobile computation.

The three founders are strong believers in cryptocurrencies’ technical, financial, and societal potential, but are disappointed by their current limits. To address the drawbacks of traditional blockchains, they utilize a user-centric design philosophy that reverses the development process of new blockchains.

Image Source: The Stanford Daily

Pi Network is still in its early stages of development. It is a Proof of Work network, which means that users can mine Pi coins by performing simple tasks on their smartphones. Since the Pi Network is not yet available for trading on exchanges, its price is currently speculative.

The first step for anyone interested in mining is to obtain an affiliate code from a previous miner — an “invitation” if you will. After that, at the end of each 24-hour cycle, you will be awarded a certain number of Pi coins. It is more akin to the daily check-in reward offered by several other platforms, like CoinMarketCap, CoinGabbar, etc. The coin also has real-world utility because it can be used to shop at Pi Chan Mall, the Pi network’s e-commerce store.

However, keep in mind that Pi Network is still in the closed mainnet phase and has no affiliations with any firm. This raises both expectations and uncertainties in the community.

How Does Pi Coin Mining Work?

Pi Network, unlike most other mineable cryptocurrencies, does not rely on energy-intensive mining methods. Instead, it employs the Stellar Consensus Protocol (SCP), a consensus mechanism that is far more energy-efficient than traditional Proof of Work (PoW). This lets users mine PI directly via their mobile devices like smartphones or tablets!

The Pi Node software can be operated by anyone with at least 250 MB of device storage. This is far less than some other cryptocurrencies. For example, running a Bitcoin node requires at least 7 GB of free storage — that’s a difference of over 28x.

Anyone who wants to mine PI on the Pi Network must form security circles of no more than five individuals. These members have sworn not to commit fraud or other crimes. As a result, security circles are essential to Pi Network’s unique strategy for safeguarding its network and combating fraudulent activity.

Following that, security circles can decide which members can transact. To safeguard the Pi Network, its Contributors help by adding other trustworthy Pioneers to their Security Circles. In aggregate, these Security Circles contribute to the creation of a global trust graph, which the Pi consensus algorithm leverages to safeguard the Pi blockchain. Furthermore, Pi Network security circle members receive a higher mining rate than new members.

How Much is Pi Worth?

The Pi coin’s price history began in December 2022 as per CoinMarketCap data, despite the fact that it was not currently tradable. Meanwhile, anyone can watch the Pi Coin’s speculative price on CoinMarketCap. Following this constraint, the Pi coin’s speculative crypto price reached an all-time high (ATH) of $330.65 on December 30, 2022.

After that, its value plummeted, reaching as low as $19.7 on July 14, 2023. The coin has since recovered, reaching $56 in August and currently selling for $39.04 on October 23, 2023.

Source: CoinMarketCap

The Pi coin’s supply at the launch was 100 billion coins, which will be gradually introduced into circulation as more members join the network. Furthermore, among the entire supply, a significant 80% has been allocated to the community and the remaining 20% will go to the Pi team.

Despite its price history of extreme volatility, the coin remains untradeable on most platforms. Meanwhile, its commitment to community interaction and the steady release of its token supply make it a project worth following as it evolves.

Pi Coin Technical Analysis

The Pi Network, like many cryptocurrencies, has been on a rollercoaster ride in recent months. If you’ve been keeping an eye on this digital asset, you’ll know that it’s been a wild journey. So, let’s break down the current state of the Pi Coin and what the numbers are telling us.

Over the past year, Pi Coin has demonstrated an impressive growth rate of more than 190%. It’s clear that the crypto world has taken notice of this emerging coin. As of writing, Pi is trading at around $39, having climbed more than 12% in the past month. This suggests an upward trend in the short term.

Source: CoinMarketCap

Key Resistance Levels:

• Resistance level 1: $45 to $46.5
• Resistance level 2: $54.5
• Resistance level 3: $ 60

Key Support Levels:

• Support level 1: $25.5
• Support level 2: $21

Based on these indicators, it appears that the 200-day Simple Moving Average (SMA) for Pi Network is expected to increase in the coming months. Additionally, the short-term 50-day SMA is projected to reach $36.56 by December 2023.

As for the Relative Strength Index (RSI), it’s currently holding steady at 53.41, indicating a neutral position for the Pi market. This suggests a market that’s neither overbought nor oversold, leaving room for potential movements in either direction.

Pi Coin Price Prediction 2023

The Pi coin currently operates in a closed Mainnet phase, effectively cutting itself off from the regular blockchain. For individuals interested in trading Pi coins, this situation provides significant hurdles and risks.

Nonetheless, Pi Network has begun the transition to an open Mainnet in August 2023. This means that the price may fall significantly once the open Mainnet is deployed and the project faces selling pressure. However, as the Mainnet launch for the Pi coin is not anticipated until 2024, there may be opportunities for the coin’s value to increase before a big selloff takes place.

Given these considerations, the Pi coin’s price could see a recovery in the coming months, returning to its yearly high of around $60(reached in August 2023). Meanwhile, if any negative sentiments appeared in the market, the Pi Coin price might drop towards the $20 range. Apart from that, we can anticipate an average price of $40 by December 2023.

Pi Coin Price Prediction 2024

Looking ahead to 2024, there is a looming concern over the Pi coin price. It can be expected that, after the complete transition to Open Mainnet and the listing of Pi Coin on major exchanges, a significant number of people will begin selling their Pi coins, perhaps resulting in a dramatic drop in their value.

However, despite the initial launch of the main network, a considerable number of Pi coins will stay locked, as detailed in the Pi Coin whitepaper, with an expected accumulation of 10-20 billion Pi coins.

Given PI’s present price of more than $38, this would place Pi among the most valuable cryptocurrencies in terms of market capitalization. However, given the coin’s minimal utility at this point and the possibility of quick coin sales, it is possible that Pi’s value may fall significantly before stabilizing.

If that were to be true, then the price of Pi coin by the end of 2024 will be in the $5 to $15 range, with an average likely settling around $10.

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Pi Coin Price Prediction 2025

If the Pi coin’s open mainnet gets off the ground in 2024, the year 2025 may herald a more solid future for this cryptocurrency. The Pi coin’s layout, which includes a fixed supply and a well-planned coin distribution process, may capture the curiosity of developers and businesses eager to join a growing ecosystem.

Taking all of these considerations into account, the price of the Pi coin by the end of 2025 could reach $40, with an expected average of around $30. This would be a threefold increase over the average price in 2024. This, however, is conditional upon a smooth launch of the Pi coin mainnet and a positive response from the broader market.

Pi Coin Price Prediction 2030

Predicting the future price of the Pi coin over a prolonged period of time can be difficult, especially given its early and experimental character. Nonetheless, it is critical to consider the concept of the network effect, which is quite important.

This is essential because the Pi coin ecosystem has a true community as well as intrinsic value. This allure has the ability to entice businesses looking for new chances. As a result, there is long-term potential, but the crucial question is whether Pi coin can efficiently handle the unexpected rise in supply when its core network becomes up.

Taking these situations into account, the average projection for the Pi coin’s price by the end of 2030 is around $60. If it works out, that would be a 60-70% rise above the price in 2025. This may, however, turn out to be false if the market does not respond as predicted — which is a significant possibility.

Pi Coin Price Prediction 2040

Pi Network has a lot of long-term potential for investors who plan to continue investing in it. As per an analysis published on Binance Square, the price of Pi Network might set a new all-time high (ATH) in the year 2040.

Meanwhile, depending on market conditions, it’s possible that the average price in this future scenario will be approximately $400. Based on the Binance Square article and the study of multiple analysts, our most optimistic price forecast for Pi Network is $500 in 2040. It’s worth mentioning that if market sentiment continues to rise, Pi Network’s price projection for 2040 may be exceeded.

Factors Influencing Pi Coin Price In the Future

As Pi Network is still under development and is not yet listed on cryptocurrency exchanges, giving precise price prediction is impossible. Nonetheless, various factors may influence the value of Pi Network once it is accessible for trading:

• Increased User Base: A rise in the number of Pi Network users would raise demand for the currency, potentially resulting in a price hike.
• Adoption by Businesses and Merchants: Widespread acceptance of Pi as a means of payment by businesses and merchants could increase demand for the Pi Network, potentially increasing its value.
• Overall Cryptocurrency Market Performance: If the overall cryptocurrency market does well, Pi Network is likely to follow suit.

How to Buy Pi Coin from Paybis?

After learning about Pi Coin’s long-term price forecast, you may want to consider purchasing some coins for your personal portfolio. However, it is crucial to remember that Pi Coin is not currently available for trading. Nonetheless, you might keep an eye on Paybis for potential Pi Coin purchasing chances.

Paybis is a reliable, safe, and dependable platform that will make it easier to purchase Pi Coin in the coming days. Paybis provides a comprehensive solution for all of your payment needs, whether you choose to use a credit card, bank transfer, or popular e-wallets like Skrill or Neteller.

Conclusion

Pi Coin is a one-of-a-kind and innovative project that has done an excellent job of onboarding new users. However, its massive token supply and highly anticipated coin unlock could cause huge sell pressure, driving its price to plummet. But we can never be certain until the time comes.

Despite the fact that our examination is positive for the long term, there is a great likelihood that prices will not pan out as anticipated in our analysis. While Pi Coin’s inventive approach and user onboarding tactics are admirable, the cryptocurrency market’s volatility means that unforeseen events and market sentiment can quickly change the price trend.

Investing in Pi coin might result in enormous returns on investment, but it can also result in huge losses that wipe out your entire investment. Only invest what you can afford to lose. Paybis is not a financial advice provider – reach out to an authorized professional for investment advice and strategies.

FAQ

Is Pi coin worth buying?

Looking at the future developments of the Pi Coin, it can be predicted that the Pi Coin will become a strong investment option. Aside from that, the Pi Coin’s rising wide range of use cases makes it a better investment opportunity. This prediction may not pan out as cryptocurrencies are subject to various market forces.

Can Pi coin reach $100?

The Pi coin may one day be worth $100, but it may also collapse entirely. Pi Coin’s value will be determined by a variety of factors, including the number of people who embrace it, the degree of demand for Pi Coin, and the overall status of the cryptocurrency market. Consult a financial advisor or perform your own research before investing in PI.

Is Pi coin real or fake?

There have been no instances of hacks, thefts, or other such activities from installing the Pi Network app. However, there is no guarantee that the Pi Network token will ever be worth anything. The project is still in its infancy, and it is likely that it will never be completed.

Is Pi the new Bitcoin?

Pi Network is a new cryptocurrency that uses a mobile app to reward members for their network contributions. It has its own distinct technology and approach to achieve decentralization, as well as its own set of goals and roadmap for development.

Written by

Sankrit K

Sankrit K is a web3 content writer and an SEO expert specializing in long-form content. He strives to add value to readers while optimizing content for search engines.