Pi Network Latest Price
Pi Network Past Performance
- Last 1 month: -3.9%
- Since launch: +160.9%
Pi Network has successfully passed the General Data Protection Regulation (GDPR) Article 27 compliance test, demonstrating their commitment to high standards of GDPR data compliance.
UTC: Jan 2nd, 2024 09:02 AM
| Overall Outlook | Neutral |
| 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 | Steady |
Pi Price Prediction 2023, 2025, and 2030 (Aggregated)
- Picoin Price Price Prediction 2023 is $33.3
- Picoin Price Price Prediction 2024 is $61.9
- Picoin Price Price Prediction 2025 is $94.6
- Picoin Price Price Prediction 2026 is $134
- Picoin Price Price Prediction 2027 is $173
- Picoin Price Price Prediction 2028 is $205
- Picoin Price Price Prediction 2029 is $299
- Picoin Price Price Prediction 2030 is $422
Pi Price Prediction: Is Pi Coin Legit?
The Pi Coin (Pi) currently holds a ranking of #6803, placing it in the top 60% percentile. It has demonstrated moderate fundamental health and operational resilience with scores of 30.00 and 50.24, respectively. Governance strength is rated at 30.00, while market stability is relatively high at 76.27. Community trust is notably strong, with a score of 90.01.
In terms of code security, it scores 30.00, indicating room for improvement. The project’s website is minepi.com, and it has not undergone code audits by CertiK or third parties.
The project’s operational resilience has seen recent improvements, and it falls within the top 70% percentile. There are no bug bounty programs associated with the project.
The project’s website scan reveals that its network security is high, with no reported security incidents in the past 90 days. The project’s DNS health is generally sound, but there is room for improvement in terms of missing DMARC records.
Community trust remains strong, with active Twitter monitoring and an engaged Twitter following.
Is Pi Network Safe? Overall, Pi Coin exhibits potential but also areas for development, making it important for potential investors to conduct thorough research before considering involvement.
Pi Coin – Buy or Sell, Crowd’s Outlook
Net Buy = Buy%-Sell%
- June 26th: -1.3%
- July 1st: -6.7%
- Sept 1st: +9.7%
- Oct 11th: +7.6%
- Oct 30th: +10.1%
- Nov 28th: +9.6%
Pi Network Price Prediction: Is Pi Coin a Good Investment?
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.
- Beta, where it launched the mobile app and amassed over 35 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 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 Pioneers Mobile Mining
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 a user to click a button once a day to confirm that they are still an active user.
Pi Network Community
A 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. 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.
Pi Token Use Cases
The PI token is the governance token of the platform and hence the token holders can participate in governing the platform through voting mechanisms.
Pi Network was Co-founded by a Stanford Phd Alumni.
Pi Network is preparing for its transition to Open Mainnet, making the KYC process critical.
- KYC aims to verify the authenticity of user accounts and prevent the creation of fake or automated ones.
- The process impacts different Pi balances: Mobile Balance, Transferable Balance, and Mainnet Balance.
- Mobile Balance refers to Pi earned through mining or other activities within the Pi Network app.
- Transferable Balance is the portion of the Mobile Balance that’s authorized for Mainnet transfer after successful KYC verification.
- Mainnet Balance is the Pi that has been securely moved from the Transferable Balance to the Mainnet.
- The balances, particularly Transferable and Mainnet balances, are directly influenced by the success of the KYC process.
- This framework helps ensure that only balances belonging to verified Pi holders are moved to the Mainnet, fostering a trustworthy environment.
Overall Pi Coin appears to be a Good Investment.
PI Coin $100: Can PI reach $100?
In order for Pi to reach $100, it would need to increase by a factor of 2.25. If Pi coin were to grow at a rate of 25% each year, it would take about 3.6 years to reach $100. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $100- Feasible (Example:Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $100- Data not available
- Time required to reach $100 if it were to rise at 25% per annum- Quite Feasible
Considering the criteria Quality of Investment, growth required and time required, we can say that the Pi coin has a good chance of reaching $100 in the near future.
Pi Price Prediction: Will PI Coin reach $1000?
In order for Pi to reach $1000, it would need to increase by a factor of 22.5. If Pi coin were to grow at a rate of 25% each year, it would take about 13 years to reach $100. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $1000- Feasible
- Market Cap at $1000- Data not available
- Time required to reach $1000 if it were to rise at 25% per annum- Feasible
Considering the criteria Quality of Investment, growth required and time required, the Pi coin can reach $1000 in case of favorable market conditions. However, the exact time frame may vary.
Pi Network Price Prediction: Frequently Asked Questions (FAQs)
When will Pi coin launch on Coinbase?
Pi Network is still unclear on launch dates given that Open Mainnet is yet to be launched, so there is no information yet on when Pi Coin may be launched on Coinbase.
What factors are likely to influence Pi Coin price?
The market price of Pi is influenced by factors such as supply, demand, macroeconomic circ*mstances, earning potential, vision, and peer pressure. Supply and demand dynamics, formed through transactions on exchanges, play a significant role in determining the current market price.
How to sell Pi Coin?
Pi cannot currently be bought or sold until the Open Mainnet is live. However, you can trade it for goods and services if you have Pi in your Mainnet wallet. To get Pi in your wallet, you have to complete all steps in the Mainnet Checklist on the Pi app. Pi is not listed on any exchange but it holds value, which is determined through bartering with other migrated pioneers in the Pi Network.
Where Can I Buy Pi Coin?
Pi Coin can be purchased from various crypto exchanges, including:
- HTX
- BitMart
- Biconomy Exchange
- SuperEx
The following are the general steps to buy Pi coins:
- Research and select a reliable cryptocurrency exchange that supports Pi Coin (as mentioned above)
- Create an account on the chosen exchange platform by providing the required personal information and completing any necessary verification procedures, such as identity verification (KYC) and setting up two-factor authentication (2FA).
- Link your bank account or deposit funds into your exchange account using the available deposit methods provided by the exchange.
- Once your account is funded, search for Pi Coin on the exchange’s trading platform.
- Enter the amount of Pi Coin you wish to buy and select the appropriate trading pair.
- Double-check the details of your order, including the amount, price, and any associated fees. Verify that everything is correct, and then confirm the transaction.
- After the purchase is complete, transfer your Pi Coin to a personal wallet that you control.
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.
