Pi Coin Price Prediction 2023 – 2030
Representing one of the first business projects involved in the excitement of mobile cryptocurrency mining, almost all traders find monitoring the value of Pi coin, to realize whether a unit should receive this token.
In this tutorial, I will comprehensively analyze the current value of Pi coin, and the upcoming value of Pi coin and also stipulate whether Pi is considered the best cryptocurrency to invest in right now. Let’s get started.
Pi Coin Price History
Pi Network was founded by Nicholas Kokkalis and Chengdiao Fan in 2018. The project was conceived as a competitor to Bitcoin and other payment cryptocurrencies, allowing for increased community participation through mining on smartphones. In comparison, bitcoin and many other Proof-of-Work blockchains support mining with powerful (and expensive) hardware, such as ASIC chips.
The Pi Network’s mining mechanism has been divided into pre-Mainnet, closed Mainnet, and open Mainnet phases. The network is currently in the closed mining phase.
The pre-Mainnet phase began in 2019 and allowed users to earn PI by clicking a button on the mobile app every 24 hours signaling their participation in the network.
The PI mining rate started at 1.6 PI per hour, then halved after the first 100k participants, and then repeated twice until it reached a rate of 0.2 PI per hour.
CoinMarketCap’s data shows the price history of the Pi coin since December 2022. However, it also warns that the coin is not yet tradable, and exchanges that list PIs offer just “IOUs” rather than actual ownership of the Pi coin.
Nevertheless, the price reached an all-time high (ATH) of $330.65 on December 30, 2022. After that, a severe decline began and the price hit a low of $19.7 on July 14, 2023.
What Is the Current Price of Pi Coin?
Almost all supporters of cryptocurrencies can be seen in various forums on the Internet in search of the current value of the coin Pi.
It should be emphasized that without exception the price points of the Pi coin, readily available in our period on the Internet, are not considered clear. This is associated with the fact that the coin is not yet enrolled in cryptocurrency exchanges for trading.
Coin Pi was formed by the installation of graduates of the Stanford Institute and also launched in 2019 in the period of the number of “pi”, March Fourteen.
During the launch period, a royalty-free add-on for mining Pi was released, permitting users to obtain cryptocurrency on their phones. Up to the present period, the price of the Pi coin is unknown, as the line has not yet tossed any single coin in any way.
By June 2019, the cryptocurrency had previously accumulated more than a hundred,000 active users. By February 2020, the user base increased to more than 3.5 million active users.
Today, the line has more than 29 million active users, which is more than 2 times the number of users in March 2021.
To guard against the shortage of cryptocurrency is subjected to halving – reducing the number of coins issued because of the processing of transactions. For example, in the presence of gaining one hundred thousand active users, the line Pi decreased by half along with 1.6 π.
This move was repeated in the presence of gaining the next limit of 1 million active users, as well as once again in the presence of gaining ten million. users.
The course of the decrease in 2 once will last up to such times, until no way to reach the zero mark, if the number of active users is 1 billion. people.
Pi Coin Background
Since almost forty million people have a Pi wallet and also are rapidly into mining, a big boom was founded during the launch period.
This led to the fact that almost everyone began to save tokens to realize them if they reached their peak, which also happened if the token reached a valuation of 292 dollars.
Since the price of cryptocurrency is largely conditioned by demand and regulation, these two edges will fight among themselves after the release of the coin. In case the influence of consumers becomes greater, then I can see a huge competition.
Also on the contrary, in case the influence from the sellers’ edge becomes greater, in such a case the value of Pi can suffer losses up to such times until together with the bargaining in no way leave those who exactly are going to realize it as accurately as possible.
To acquire an understanding of this, as well as how one can realize a coin, it is necessary to look at the industrial act Pi.
In the mute it is told that a single recommendation Pi can be a line of organization of a single fee because of the trade, a single fee because of the involvement of referrals, and also a single fee creator.
A big boom and also interest in the coin was expressed in the final month, if several exchanges informally “included” it in the printout in the IOU variant.
This provoked an indescribable transition in value of almost 1500%, and the price of unauthentic Pi coins exceeded $300 for a piece.
Pi Network price forecast for 2023
Since all cryptocurrencies will fall in 2023, Pi Network’s momentum may not be high this year. If there are some good movements in the market, the value of Pi coin may recover this year. According to our Pi Network price forecast, the Pi Network price could peak at $139.05 by 2023. However, if the current growth continues, the average price of Pi Network could be around $118.34. And if there is a bearish trend, the minimum price of the Pi coin could fall to $90.27.
During the next bullish rally, the Pi Network price could exceed our long-term Pi coin price forecast.
Pi Network price forecast for 2024
There is a strong possibility that Pi Network could regain its position if the market environment is positive. According to our price forecast, the Pi Network price could reach an average of $166.17 by 2024.
The year could end with a maximum price of $184.31 if any bullish events occur. However, if there are bearish sentiments in the market, the minimum price of a Pi coin could be around $141.45.
Pi network price forecast for 2025
According to our forecast, Pi coin prices could reach a new ATH level as early as this year. By 2025, we can expect an average price of $207.22, depending on the market trend.
If the current growth continues, our prediction for the maximum Pi Network price is $223.16 in 2025. Pi Network’s minimum price level could be around $185.26 in 2025 if the market becomes bearish.
However, if the market becomes bullish, the Pi Network price in 2025 could exceed our Pi Network price forecast.
Pi Network price forecast for 2030
There are signs that the cryptocurrency market could enter a new era in 2030. Digital assets based on real-world projects will rule the market. The year 2030 could end with an average price of $447.56, while Pi Network’s minimum price could be around $426.88.
Along with Pi Network, many cryptocurrencies could reach new all-time highs this year. The maximum price is expected to trade around $468.73. If there is a bull rally in 2030, Pi Network prices could rise sharply and surpass our forecast.
Is Pi Coin a Good Investment?
Investments in the Pi coin are so far based only on abstract consideration and not on the usual thorough and industrial consideration.
Even though my research is considered “bullish”, the theoretical study is very dangerous, and there is also a significant possibility that the values will not meet my monitoring.
For this reason, investing in Pi coin can give a great return, but is also able to cause great losses, which will negate your investment.
How much will Pi Coin be worth in 2023?
By 2023, the Pi Coin open mainnet should be released and the ecosystem will have had time to mature. As a result, we expect to see lows at $22 and highs at $300.
How much will Pi be worth in 2025?
In the intervening time, the Pi network ecosystem is likely to expand greatly as developers focus on efficient smart contract platforms. As such, our Pi coin price forecast suggests that the asset will be worth around $35 at the low end or $400 if it performs well.
How much will the Pi coin be worth in 2030?
While it is difficult to give an accurate estimate for such a distant future, as cryptocurrencies become more globally prevalent, we can see the Pi Coin will be worth between $40 and $500.
What was Pi Coin’s starting price?
Pi Coin had a starting price of $12.9 before soaring to $292. Currently, the token has retreated and is accumulating around the $27 mark.
What was Pi Coin’s highest price point?
The highest point Pi was able to reach was $292 shortly after the mainnet launch. Currently, the token has retreated from the $27 mark. But marketing conditions may push it to rise further shortly.
Is Pi Coin a good investment?
Pi Coin has many positive aspects to it. However, its initial mining fundamentals have come into question recently as the world is moving to proof-of-stake.
Nevertheless, an open-source miner is currently being developed and will likely be released by the end of 2023, which will allow for a more accurate determination of whether this coin is a worthy investment going forward.
Current market signals suggest that Pi will remain in the accumulation range for a long time – at least until there is significant news about it.