Pi Price Prediction 2023, 2025 and 2030: Can PI reach $100?
Latest Pi Coin Price
Pi Network Past Performance, June 9th
- Last 7 days: +8.9%
- Last 1 month: +34.3%
- Last 12 months: +96.0%
PI Network Latest news, June 9th
- The Pi Network has announced that users can now use the Pi Browser to open the PiNews website to publish articles. This feature is currently in its development phase and is undergoing small-scale testing. Users are encouraged to post news and provide feedback to help identify bugs and improve the system.
- Pi News has announced that a number of stores in Vietnam now accept Pi as a form of payment. This development allows Vietnamese users who have passed the Pi Know Your Customer (KYC) procedure to freely pay for goods and services locally using Pi cryptocurrency.
- Pi Network has launched Fireside Forum, a Web3 social platform that integrates tokenomics into social interactions. It aims to foster authentic conversations and address flaws in current Web2 networks. By utilizing the Pi cryptocurrency, the platform rewards positive interactions and discourages negative actions.
- Pi Network Node Distribution by countries, Top 5
- South Korea – 26,691
- China – 20,326
- Vietnam – 19,142
- Japan – 18,341
- US – 9,322
Is Pi Coin Legit?
If Pi is not available, what is being transacted in the exchanges? Here is a short analysis sourced from Reddit by User Sunsoft – Exchanges are currently selling Pi Network and issuing non-transferable receipts called Pi IOUs to purchasers. These receipts represent a promise to redeem the actual Pi Network once it is launched or its mainnet is opened. However, once the mainnet is operational, the increased supply of Pi Network may cause its value to drop significantly. To address this, the Pi Network team has implemented a “lockup rate and duration” mechanism, ensuring only a fraction of the migrated Pi is available immediately. Approximately 500 million out of nearly 2 billion Pi have been unlocked so far. It’s important to conduct thorough research and exercise caution when considering investments in Pi Network or any digital currency, as their values can be highly volatile.
Pi Coin Price Prediction Today
- Support and Resistance Levels: Pi Coin has found support around the $23-$24 range while encountering resistance levels around $25-$26.
- Trading Volume: The consistent trading volume suggests a stable level of market activity and ongoing interest in Pi Coin.
- Market Sentiment: The overall analysis presents a partially bullish outlook, indicating positive sentiment among market participants. The market’s wisdom reflects the partially bullish outlook, while the technical recommendation and sentiment remain neutral, indicating uncertainty. However, the social media sentiments are lower.
|1. Market's Wisdom||Neutral|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Partially Bearish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Neutral|
The share of people willing to sell has risen significantly over the last few days. However, most wish to stay on Hold.
Pi Network Price Prediction: Is Pi Coin a Good Investment?
Pi Network is offering an accessible and environmentally friendly alternative to traditional mining methods. The platform has a three-phase development plan
- Beta, where it launched the mobile app and amassed over 3.5 million users across 233 countries
- Testnet phase, which focused on decentralization and utility creation
- The Mainnet phase will launch a live blockchain, with an initial Enclosed Network period for KYC authentication and balance migration, eventually transitioning to an open Mainnet.
Built on the Stellar Consensus Protocol (SCP) and leveraging the Federated Byzantine Agreement (FBA), Pi Network enables trustworthy ledger updates while allowing individual devices like mobile phones and laptops to act as miners. Users can assume one of four roles – Pioneer, Contributor, Ambassador, or Node – each contributing to the network’s maintenance and earning rewards in the process. Pi’s consensus algorithm relies on the trust graph provided by Contributors, allowing for truly decentralized participation.
Pi Network is a mobile app that allows users to mine Pi, a new cryptocurrency that is still in development. Mining involves contributing your phone’s computing power to help secure the Pi network and earn Pi tokens as a reward. What sets Pi Network apart from other cryptocurrencies is its focus on accessibility and simplicity. Unlike other cryptocurrencies that require expensive mining hardware and technical knowledge, Pi can be mined using just your phone. The app is available for free on the App Store and Google Play, and mining only requires you to click a button once a day to confirm that you’re still an active user.
Another unique aspect of Pi Network is its emphasis on building a community. Users can invite friends and family to join their “security circle” to help increase the network’s security and earn more Pi. There are also various tasks and activities that users can do to earn more Pi, such as participating in surveys, referring new users, and running a Pi node on their computer. While Pi Network is still in development and not yet available for trading on cryptocurrency exchanges, it has garnered a lot of attention and a large user base.
Pi Network has developed Pi Node, a desktop application that allows users to contribute to network security. Pi Node operates on laptops and desktops, validating transactions using the Stellar Consensus Protocol. Pi Node includes two interfaces: the desktop Pi App interface and the node interface. Users can participate at different levels, such as using the desktop interface, running a node, or becoming a SuperNode. Selection criteria include uptime, internet connection, and community contributions.
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining their device’s battery. It secures economic transactions via a mobile meritocracy system and provides a full Web 3.0 experience, where community developers can build decentralized applications (Dapps) for millions of users. As the network continues to develop, its impact on the crypto world and beyond is anticipated with interest. Pi Network has a strong and rapidly growing community of users worldwide, who are actively involved in its development. User feedback frequently informs new feature additions, ensuring constant evolution to meet user needs. The protocol already boasts over 35 million Pioneers in its Decentralized Finance (DeFi) ecosystem.
The primary use cases of PI tokens include governance.
The PI token is the governance token of the platform and hence the token holders can participate in governing the platform through voting mechanisms.
Short Note by Kozi Pi on the Pi Network Price
- Pi currently has a supply of 1.8 billion coins, but 1.33 billion of them are locked, leaving only 470 million coins in circulation.
- If an open mainnet were to launch with a price of $10 per Pi, the market cap would be $4.7 billion based on the current circulating supply.
- However, the fully-diluted market cap remains the same at $1 trillion based on the maximum supply of 100 billion coins.
- Supply and demand are important factors in determining the current market price, which is formed as both buyers and sellers make transactions on exchanges
- Pi’s earning potential, vision, and peer pressure (including community, hype, and memes) can also affect its future price
- The ideology of “Global Consensus Value” (GCV) is unlikely to be sustained because even if some agree to it, the vast majority of the network would disregard it, resulting in a decline in price until it reaches reasonable ranges
- It’s important to use the market cap as an indicator in conjunction with other metrics to determine the value of an asset
- Pi’s price will depend on how many buyers are willing to push the price to certain levels, which is difficult to predict
- Many coins in the crypto market are over or undervalued, and the market can do irrational things based on FUD or hype
- Pi’s success may be comparable to other Layer 1 blockchain solutions, but there are still many unknowns to make assumptions about its future value.
Pi Coin Reviews on Reddit
The overall sentiment towards the Pi Network is not consistent amongst users on Reddit
- Some users view the project positively, praising the community and the developers’ responsiveness to feedback. They perceive mining Pi as a fun and easy way to potentially earn cryptocurrency
- Some express concerns over the diminishing returns from mining Pi and question whether the time investment is worth it. Some have raised privacy concerns due to the amount of data the app collects from its users, including location, contact information, and phone usage.
Pi Coin: Social Media Buzz and Sentiment
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||0||Neutral|
Pi Price Prediction 2023, 2025, and 2030 (Aggregated)
PI Price Prediction 2023
As per the price prediction, PI Coin is expected to reach a maximum price of $42 in 2023
PI Price Prediction 2025
PI’s market price is expected to reach a maximum price level of $87 in 2025
PI Price Prediction 2030
PI Coin’s Price prediction for 2030 says that its price can reach a maximum price of $383
PI Coin $100: Can PI reach $100?
PI Coin needs to grow by just 4 times to reach $100,
Note that PI’s all-time high price is $306 which it achieved in December 2022 and it grew by nearly 21.4 times in less than one month to reach that value.
Thus, considering a 21.4 times growth in one month, we can assume that PI Coin doesn’t even need one month to reach $100 (as per the calculations).
However, the market conditions will also play a role in determining PI’s price in the coming future and hence, it might need a little more time.
Nonetheless, reaching $100 is an easy target for PI Coin.
Pi Price Prediction: Will PI Coin reach $1000?
PI Coin will have to rise 40 times to reach $1000
Also, considering its 21.4 times growth in one month (as calculated previously), we can say that PI’s price can reach $1000, in less than 3 months (as per the calculation).
But, it is not practical for PI Coin to show similar growth in current times because of the difference in macro and micro economic conditions. Thus, it might take more time than expected to reach $1000.
Is Pi Network Safe?
Certik-certifies cryptocurrencies, here is a summary of their Pi Network analysis
- The overall security score is B, indicating moderate security
- No audit or contract information is available for Pi Network
- Code Security and Governance Strength are low, in the bottom 30% and 5% respectively, suggesting potential issues in code and governance
- Fundamental Health is also low, in the bottom 5%, indicating potential concerns about the project’s overall health
- Operational Resilience and Market Stability are high, in the top 20% and 25% respectively, indicating strong operational resilience and market stability
- Community Trust is very high, in the top 15%, suggesting strong trust from the community1.
- The project’s Twitter account (@PiCoreTeam) is highly active
Where Can I Buy Pi Coin?
Pi Coin can be purchased from various crypto exchanges, including:
- Biconomy Exchange
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
One thought on “Pi Price Prediction 2023, 2025 and 2030: Can PI reach $100?”
You can not evaluate price action without incoming massive supply with mainnet launch