Since the debut of Bitcoin in 2009, the world of cryptocurrency has seen rapid growth and development. As more people embrace cryptocurrencies and blockchain technology, more projects join the market. In recent years, there has been an upsurge in cryptocurrency projects. While most projects join the market offering something, be that a product or a service, Pi Network made its debut offering nothing. Despite offering “nothing”, this project gathered over 2 million users in a few years. Even years after its debut, the project is generating a lot of buzz.
As the Pi Network continues to grow, many investors are beginning to wonder about its future price potential. In this article, we will explore the fundamentals of the Pi Network and provide a PI price prediction for 2023, 2025, and 2030. We will analyze the various factors that could impact the price of the PI, the native token of the ecosystem. We will touch upon its user base, adoption rate, and market conditions. This article will provide a carefully-thought price prediction for PI for 2023, 2025, 2030. We will also discuss Pi Network’s fundamentals, user base, mainnet launch, etc.
What is Pi Network (PI)?
The Pi Network has gained a significant following since its launch in 2019. Pi has over 20 million users worldwide, with more than 2 million Twitter followers. Its ease of use and accessibility have attracted many new cryptocurrency users. Besides, this network has a unique approach to the distribution of its cryptocurrency. It has implemented a referral system that rewards users for bringing in new members. This design of the system incentivizes constant network growth. Its design also ensures that the Pi Network is not dominated by a small group of miners.
How Does Pi Crypto Work?
The Pi Network is a cryptocurrency that a team of Stanford graduates has developed. The most important element of its ecosystem is a mobile-based app that allows users to mine cryptocurrency on their phones. What makes it unique, however, is that users can mine without using any computing power. Unlike other cryptocurrencies, Pi Network does not require the user’s node to solve complex mathematical problems to earn rewards. Instead, users need to download the app and start mining. There is a catch to it, though, as people must log in to their application every 24 hours to “check-in.” If the user does not log in, their mining halts until they do so.
Pi Network (PI) Price Prediction 2023, 2025, 2030
Pi Network is yet to join the market. While PI is in its mainnet phase, it is still not being officially traded in exchanges. One major misconception when it comes to the price of PI is its price in CoinMarketCap. We must note that the price shown on CoinMarketCap is a reflection of the value of the IOUs of PI. So, the price seen in CoinMarketCap is unrealistic and not based on the actual value of the Pi token. We will try our best to help you make an informed decision when it comes to PI through our Pi price prediction for 2023, 2025, and 2030.
For this price prediction, we will mainly focus on the number of active users Pi has and the number of tokens minted until today. There are unofficial claims that there are over 8 billion Pi tokens in the market right now, with less than 5 million active users. This puts the supply and demand relation into perspective.
Pi Network (PI) Price Prediction 2023
The year 2023 started perfectly for cryptocurrencies, especially Bitcoin. This cryptocurrency hit a price of $28,000 just some days ago, after losing 80% of its value back in 2022. While the crypto market continues to prosper, the global economy is experiencing some of the biggest bankruptcies since the 2008 financial crisis. In the past 30 days, three major US banks and financial institutions were shut down by the FED. Immediately after, the FED and the US government printed over $300 billion to bail out other banks that were close to bankruptcy.
This series of bankruptcies impacted Europe as well, with Credit Suisse, a Swiss bank worth billions, experiencing a stock price crash of over 98%. After its stocks crashed, its biggest investors, including the Saudis, declared that they will not support the bank financially no matter what happens. These events are likely to impact the cryptocurrency market negatively soon. While Bitcoin is performing well right now, this may not be the case after some weeks.
As for Pi, we believe that if Pi makes its debut in the year 2023, it could have a price between $0.01 – $0.10. This prediction is based on two factors, the mined tokens and the tokens that will be locked forever. To boost the amount of Pi one mines, one can connect to their peers and earn more Pi. However, if their connections don’t pass the KYC process, the Pi that one earned through its peers will be locked away and possibly burned forever. So, while there may be over 10 billion Pi mined by the time the cryptocurrency joins the market, over 30% of that supply may be lost forever before it ever joins circulation.
Pi Network (PI) Price Prediction 2025
Moving on, we have the year 2025, the year after the next Bitcoin halving is set to occur. If you don’t know, Bitcoin halving is one of the most important events in the crypto industry. Every four years, the mining rewards received by miners are halved. This decreases the supply being generated by Bitcoin miners, meaning that if the demand stays the same, the price of Bitcoin is likely to move upwards. This event often initiates a bull market, with Bitcoin leading the way and altcoins following its performance. The effects of the Bitcoin halving are usually seen 6 to 12 months after the having occurs. So, if the Bitcoin halving occurs in 2024, we will see its impact sometime in 2025.
What will the value of Pi be in 2025?
The value of Pi is likely going to increase by 2025. As Bitcoin’s price potentially reaches new highs, the whole world will turn its eyes to the crypto industry. This will heavily impact credible, promising projects, with Pi potentially being one of them. By the end of 2025, we believe that Pi could set a new all-time high of around $0.45 per piece. Of course, there are several factors we take into account before making such claims. Nevertheless, since Pi has yet to launch, the resources we are using are very limited. So, please do your own research and invest with caution because this is not financial advice.
Pi Network (PI) Price Prediction 2030
By 2030, the crypto industry will go through two Bitcoin halvings. This is likely going to have a positive impact on the cryptocurrency industry, including the Pi network. By then, we believe that the Pi ecosystem will mature into a fully functional ecosystem. Having a functional ecosystem means having a higher trading volume, liquidity, and scalability. If this is the case, we might see Pi trading at a price between $0.80 – $1.00 per piece. This is a rough estimation of where we can see Pi seven years from now. If Pi survives the bear markets to come, it will have the potential to reach such highs. Having a strong community is one of the key things for a project to survive market challenges. That being said, Pi has one of the biggest and strongest communities in the market.
Frequently Asked Questions (FAQ)
How much is 1 Pi worth?
According to CoinMarketCap, 1 Pi is worth $43. However, CoinMarketCap is showing an estimation of the value of the IOUs being traded, not the value of the actual Pi network token. So, to answer your question, Pi has yet to launch and be traded in live markets. Therefore, there is no exact value of PI as of right now. Although people are currently trading Pi through Peer-to-Peer (P2P) transactions, there is no exact price to buy and sell Pi today. We believe that Pi will be available for trading sometime soon, however, that can only be confirmed by its team, the Pi Core Team.
Does Pi Crypto have a future?
Yes. We believe that Pi Crypto does have a future. Since its debut in 2019, Pi has amassed a huge community, with over 2 million followers on Twitter alone. This makes its community rock solid. Not only that, but its team has been making progress every day for the past 4 years. Just some months ago, Pi launched its beta Mainnet, meaning that wallets are now live and people who are KYC-verified are allowed to take part in P2P transactions using Pi tokens. We believe that Pi crypto has the potential to become one of the biggest cryptocurrencies in the market in the upcoming years. However, that remains to be seen. Maneuvering through the crypto industry is no easy task for anyone, therefore, we are not sure what awaits Pi in the years to come.
How many users does Pi Network have?
Pi network has millions of users as of right now. The official Twitter account of Pi Network’s team has over 2 million followers. The official Pi app also shows that there are over 10 million users mining Pi. While there are no official numbers out as of today, our estimation would be around 4 million users. Considering that the Pi network is only 4 years old, we see this number as huge. Of course, the network has the potential to increase even more, if the team proves to be successful and works hard enough.
Where to buy Pi crypto?
At this time, you cannot purchase Pi tokens in any exchange. This is because Pi is not being traded in any exchange. While you can take part in peer-to-peer transactions, you cannot trade the token anywhere else. Some of you may have seen CoinMarketCap listing several exchanges where you can supposedly buy Pi, however, what you will purchase is not Pi. The charts that you see are made from the value of IOUs as time passes by. So, the price you see it is nowhere realistic to the real price Pi could have when it joins the market.
What is the future of the Pi cryptocurrency?
The future of the Pi cryptocurrency is unknown. Pi network’s team has successfully built the foundation of a good project, and that is the community. Nevertheless, what uses they make of that community remains to be seen. The crypto industry is still a “jungle” meaning that just a few projects make it out in the end. We see Pi as a cryptocurrency full of potential, and the team promises a lot. However, there are thousands of people in the Pi community who are skeptical of the Pi ecosystem and its overall network.
Is Pi Network a good investment?
We don’t know. There is no way you can invest in Pi right now, and we believe this will remain true for at least some more years. Building a secure, fast, and scalable blockchain is no easy task. So, until the blockchain is ready to get fully operational, the community must wait. We suggest our readers wait until the Pi token enters the market, analyze its performance, and then decide whether to invest or not. Please keep in mind that this is not financial advice in any way.
Takeaways
- Ever since Bitcoin made its debut, the cryptocurrency industry has been growing strong.
- While Bitcoin remains the biggest cryptocurrency in the world, there are other major cryptos that are known as altcoins. Some of the biggest are Ethereum, Polygon, and Dogecoin.
- Every day, new projects join the market. While most fail, some of them survive the volatility and prosper. One major project that was initially launched in 2019 is the Pi network.
- Pi network is a cryptocurrency that aims to become one of the most used blockchains in the industry.
- To acquire Pi, all you need to do is download the Pi app on your phone and start mining. This process does not use any computing power.
- You need to “check-in” the app every 24 hours so that you keep mining Pi tokens every day.
- The Pi token does not have a price yet, however, we believe that its price could be relatively higher than what people are expecting.
- By the end of 2023, we might see the Pi token trading at a price of $0.05.
- As for 2025, we are likely going to experience a bull market. This could send the potential price of Pi to highs such as $0.45.
- By 2030, Pi could hit a new all-time high, potentially surpassing the $1 milestone. While this is hardly going to happen, the possibility is there.