Pi Price Prediction 2024, 2025, 2030: Can Pi Network touch 500USD? - Crypto Bulls Club (2024)

The Pi Network’s core team is preparing to release a detailed roadmap in September, offering insights into post-mainnet launch plans. With over 3 million wallets already migrated to the Pi blockchain during its testing phase, there’s growing anticipation and excitement in the community for the mainnet’s launch.

We’ll talk about the incredibly well-known Pi coin in this article, its Price history and Price Predictions from 2024 to 2030 will be covered. We’ll also determine whether or not it’s a wise move to invest in it in 2023 and beyond.

Word of Caution: In the following article, we have mentioned the PI coin price prediction (the token that is listed on Huobi (now HTX)). It is however important to take note that the mainnet is yet to be launched and the prices shown on certain exchanges only represent IOUs, which may not be transferable between different exchanges.

Once the mainnet launches, the price may fall heavily, depending upon the tokens in circulation. Pi network on Twitter has already clarified that HTX and other crypto exchanges did not talk to the team before listing Pi.

Update: Even on 15th December 2023, while updating the article, Pi coin mainnet has still not launched and there is no official date declared yet. However, there are rumors Pi Network mainnet could launch by the end of this month (which is discussed below).

Introduction

Bitcoin mining is difficult. Cryptocurrency investing is dangerous. We are all being left out of the Bitcoin revolution in too many ways. Pi simplifies crypto-mining.

What is Pi?

Pi represents a significant advancement in the global adoption of cryptocurrencies as it is the first digital currency designed for common users.

Mission: Build a platform for smart contracts and cryptocurrencies that is controlled and secured by regular people.

Vision: Build the most open-minded peer-to-peer marketplace in the world with Pi, the most popular cryptocurrency there is.

To make it possible for regular people to mine, the Pi Core Team set out to develop (or earn cryptocurrency rewards for validating transactions on a distributed record of transactions). For Pi the extra design stipulation of using a consensus mechanism that would also be very user-friendly and ideally allow mining on desktop PCs and mobile devices has been added.

Pi Day: 14th March is celebrated as Pi Day

A Simplified Introduction To Stellar Consensus Protocol

Based on the Stellar Consensus Protocol (SCP) and an algorithm known as Federated Byzantine Agreement, Pi leverages the alternative class of consensus algorithms (FBA). Such algorithms don’t waste energy, but for the nodes to “consensus,” or agree on what the next block should be, they need to exchange a lot of network messages.

Using the cryptographic signature and transaction history, each node may independently decide whether a transaction is valid or not, such as the authority to make the transition and double-spending.

As Pi miners, users can take on four different roles. Namely:

• Pioneer- merely certifying daily that they are not a “robot” as a user of the Pi smartphone software. Every time they login in to the app, this user confirms their identity- Additionally, they can use the app and make requests for transactions (like as sending money in Pi to another Pioneer )
• Contributor. a user of the Pi mobile app who is giving back by submitting a list of pioneers they are familiar with and confident in. A world trust graph will be created by Pi contributors in total.
• Ambassador- a user of the Pi mobile app who onboards new members of the Pi network.
• Node- a user who is a pioneer, a contributor, and who uses both the Pi mobile app and the Pi node software on their desktop or laptop. The software that runs the main SCP algorithm while taking into account the trust graph data given by the Contributors is known as the Pi node software.

A user may take on more than one of the aforementioned roles. Since every role is essential, every role receives freshly created Pi every day as long as they engaged and contribute on that particular day. All four jobs are viewed as Pi miners under the broad definition of “miner,” which is defined as a user who gains access to newly created money in exchange for contributions.

Roadmap / Deployment plan

Phase 1 – Design, Distribution, Trust Graph Bootstrap.

The Raspberry Pi server is functioning as a faucet, simulating the behavior of the decentralized system as it would behave when it is live. In contrast to the main net’s stable phase, enhancements in user experience and behavior are both conceivable and reasonably simple during this phase.

Following the launch of the live net, all coin minting to users will be transferred there. In other words, the livenet will continue to function just like the existing system, but completely decentralized, and pre-mint in its genesis block all account holder balances produced during Phase 1.

During this time, Pi is not available to purchase with any other money and is not listed on any exchanges.

Phase 2 – Testnet

The Node software will be set up on a test net before the main net’s debut. In contrast to the main net, the test net will utilize a testing Pi currency and the same trust graph. Pi core team will host a few nodes on the test net, but it will also encourage more Pioneers to launch their nodes there. Starting on the testnet is recommended for any node hoping to join the main network.

In phase one, the test net will be operated concurrently with the Pi emulator, and results from both systems will be compared regularly, say once a day, to identify the test net’s flaws and shortcomings. This will enable Pi developers to suggest and put solutions into place. The test net will reach a point where its results consistently match those of the emulator following a full concurrent run of both systems.

Pi will transition to the subsequent phase when the community deems it to be ready.

Phase 3 – Mainnet

The Pi network’s official main net will be introduced whenever the community determines that the software is ready for production and has been properly tested on the testnet. The fact that only accounts that have been verified to belong to specific real people will be honored during the switchover to the mainnet is a crucial detail.

Phase 1’s faucet and Pi network emulation will be turned off at this time, and the system will thereafter run continuously on its own. The committee will put up suggestions for protocol improvements in the future, including input from the Pi developer community and Pi’s core team.

They will be deployed and implemented based on nodes upgrading the mining software, just like any other blockchain. The currency will be entirely decentralized and not be under the control of any central organization. Users who are duplicates or are false users will have their balances discarded. The stage where Pi can be connected to exchanges and traded for different currencies is at this point.

The Pi Economic Model

Pi aims to find a compromise between instilling in Pi a sense of scarcity while still making sure that a sizable quantity does not end up in a very small number of hands. We want to ensure that when users contribute to the network, they mine more Pi. Building an economic model that is complex enough to accomplish and balance these aims while still being user-friendly is Pi’s aim.

Design specifications for Pi’s economic model:

• Simple: Create a model that is clear and understandable.
• Fair distribution: Give a critical mass of the world’s population access to Pi
• Scarcity: To maintain Pi’s pricing over time, instill a sense of scarcity.
• Meritocratic mining: Honor efforts that help maintain and expand the network

Pi – Token Supply(Token Emission Policy)

1. Total Max Supply = M + R + D
   1. M = total mining rewards
   2. R = total referral rewards
   3. D = total developer rewards

1. M = ∫ f(P) dx where f is a logarithmically declining function
   1. P = Population number (e.g., 1st person to join, 2nd person to join, etc.)

1. R = r * M
   1. r = referral rate (50% total or 25% for both referrer and referee)
2. D = t * (M + R)
3. t = developer reward rate (25%)

Pi in Recent News

• Pi (IOU) is now listed on Huobi (HTX)
• KYC Update is now up on the Pi mining app home screen.
• Pi Coin trading pairs with USDT (Tether) have gone live on XT.COM

Pi Coin Price History

A group of Stanford grads officially launched the blockchain technology on March 14, 2019.

The blockchain project has experienced broad adoption, despite the fact the Pi network is still under construction. In June 2019 there were over 100,000 active users of the protocol, and by May 2020 there were over 29 million. Over 33 million people are currently active on the Pi network.

Pi Network has recently seen plenty of controversy. Please be aware that the mainnet has not yet been released and that it might not be transferable between exchanges. Hence, the current market capitalization is unknown as there is no official news on how many coins are in circulation.

Pi Price Prediction 2023

Pi Price Prediction 2024

In 2024, the price is expected to reach a maximum of $27.981 whereas a minimum of $10.183 is expected.

What is Pi price prediction for January 2024?

Pi could trade between $40.751 and $19.601 in January 2024, according to price predictions.

What is Pi price prediction for February 2024?

The maximum and minimum are anticipated to be $32.601 and $20.081 respectively in February 2024.

Pi Price Prediction 2025

In 2025, the price is expected to reach a maximum of $94.799 whereas a minimum of $27.04 is expected.

These values should only be taken as estimates since we presently don’t have any data on which to base our projections. Due to cryptocurrency’s erratic nature, we cannot guarantee accuracy.

Your research is advised to do so.

Pi Price Prediction 2026-2030

In 2030, the price is expected to reach a maximum of $386.779 whereas a minimum of $110.323 is expected. The years following 2027 are predicted to experience a bull run.

These values should only be viewed as estimates because we presently don’t have any data on which to base our projections. Because cryptocurrencies are so unpredictable, we can’t guarantee accuracy.

To DYOR, the idea is proposed.

Pi Price Prediction 2024-2030 in INR

Pi Price Prediction 2024 in INR: Max= Rs. 2238.48; Minimum=Rs. 632.72

Pi Price Prediction 2025 in INR: Max= Rs. 7583.92; Minimum= Rs. 2163.2

Pi Price Prediction 2026 in INR: Max= Rs. 15167.84; Minimum= Rs. 4326.4

Pi Price Prediction 2030 in INR: Max= Rs 30942.3; Minimum=Rs. 8825.84

Frequently Asked Questions(FAQs)

What is Pi’s market capitalization?

Pi Network DeFi’s market capitalization right now is unknown.

What’s the current circulating supply of Pi?

The current circulating supply of Pi is Unknown.

What will Pi be worth in 2025?

In 2025, the price is expected to reach a maximum of $94.799 whereas a minimum of $27.04 is expected.

What is Pi Price Prediction for 2030?

In 2030, the price is expected to reach a maximum of $386.779 whereas a minimum of $110.323 is expected.

Can Pi Network touch 500 USD?

Looking at the initial thrust, it may be possible for Pi to touch 500USD, but it may not stay there for a long time.

How to buy Pi Coins in India?

The pi coin is not listed on any Indian cryptocurrency exchange. You can only buy Pi IOU coins on the listed crypto exchanges. However, as said, please exercise caution. The listed token is a Pi IOU and not a real Pi coin.

How to sell my Pi Tokens?

If you are wondering, how to sell your PI tokens that you have inside the app, you can’t. The listed Pi network token is not the official token, and Huobi and other exchanges have just listed it without their permission. They called out Huobi in a tweet.

This means, that even if you have Pi tokens in your app, you will not be able to deposit in the exchange, and hence, can’t sell at this point.

The only way to buy or sell the token is to do it directly from the exchange where it is listed. For example: Huobi.

Pi Mainnet Launch Rumor: When is the mainnet launch?

There has been no official announcement on the Pi Mainnet launch date. However, there are rumors that Pi mainnet could launch soon.

Recent rumors circulating about the Pi Network’s mainnet launch claim that it will happen sooner than expected.

Speculation suggests that the network is ready to go live and will be accessible to all users by the end of the month. However, it is important to approach these rumors with caution as the Pi Network team has not officially announced any specific launch date for the mainnet.

As with any speculative information, it is advisable to wait for official updates from the Pi Network team before drawing any conclusions.

Having said that, the team could be announcing their detailed roadmap next year in Q1 2024, following which the PI IOU coin has surged recently.

Pi Mainnet Delay

The Pi Network’s mainnet launch is experiencing a delay, causing disappointment among eager participants.

The delay could primarily be because of the need for a higher number of KYCed participants, which is crucial for network security and compliance. Thorough testing and optimization are also being prioritized to ensure a robust and efficient blockchain network.

The Pi Network team is committed to prioritizing security and scalability, which contributes to a prudent approach and potential delays. While delays can be frustrating, the Pi Network needs to take the necessary time to ensure a successful and reliable open mainnet launch.

Why is Pi having a different value in different exchanges?

Pi, while it is trading at 35 USD on Huobi (HTX) and Bitmart, is trading at around 1.51 USD on Biconomy.

From any exchange that is trading this token, you will not be able to withdraw or deposit. Hence, you see different prices in different exchanges.

However, the token is expected to fall from the current price, and it is not a buy call.

According to me, Pi should be less than a dollar in value.

Is Pi a good buy for 2024 & beyond?

I would say there are better cryptocurrencies to buy rather than investing your money in Pi. The recent surge is the price is not going to stay a long term. We are expecting the price of Pi to fall dramatically in 2024.

Also, one thing to note is the current Pi token which is listed on Huobi is not the real PI token. You cannot deposit or withdraw, you can only buy and sell this token, thus the rise. It is like the future token – Pi IOU.

Pi Network to me for now is nothing but a blockchain KYC company. And I do not see many use cases at the moment.

If you are investing in Pi Network, it is crucial to remember that cryptocurrency markets are still incredibly unpredictable, making it challenging to predict a coin’s price accurately over a few hours and even more challenging to provide long-term projections. Therefore, predictions turn out to be inaccurate.

Before making any investment decisions, we advise you to always conduct your due diligence. Never make an investment you cannot afford to lose.

Last updated: 15th December, 2023