Delving into the latest developments of PI Coin, our comprehensive guide explores the PI Coin price prediction and the key factors influencing it.
Read on to learn more about the Pi coin price prediction based on experts’ opinions to decide if Pi coins are worth your attention.
Pi Network [PI] Price Prediction 2024 – 2030
These are some of the expected price gains for the coming years:
- End of 2024: Pi coin has been on a downtrend since reaching its all-time high (ATH) of $344. However, the token could reach a price of $40 by the end of 2024.
- End of 2025: Upcoming developments such as the Bitcoin halving can help revive the crypto space in the medium-term. Pi Coin can reach a price of $55 by 2025.
- End of 2030: With a well-oiled marketing strategy and a strong performance, our Pi price prediction for 2030 could see it reach the average $79 mark.
| ⩎ Coin name | PiCoin |
| 💲 Price | $0.0000000 |
| 🔆 Coin Symbol | PI |
| ⏳ Price Change 1h | 0% |
| 🌕 Price Change 24h | 0% |
| 💵 Market Cap | $0 |
| 🥇 24h Volume | $0 |
| 🌐 Circulating Supply | N/A |
| 🔄 Total Supply | 1,378,369 |
Pi Coin Price History
The Pi network is relatively new compared to industry behemoths like Bitcoin and Ethereum. Stanford graduates officially inaugurated the blockchain protocol on March 14, 2019.
According to its whitepaper, the Pi network is meant to fulfill the first principle of cryptocurrencies, as postulated by Bitcoin anonymous creator Satoshi Nakamoto. It is meant to give back financial power to the masses.
The Pi network aims to create a smart contract functional platform secured and operated by the average person. The protocol aims to foster the world’s most inclusive peer-to-peer (P2P) marketplace powered by the Pi utility token.
The influx of deep-pocketed corporations drives the network to focus on truly decentralizing digital assets into the foremost digital asset network, Bitcoin.
Despite the low entry bar, the Pi network has all the benefits of a blockchain-driven initiative, like censorship resistance, permissionless transactions between two parties, pseudonymity, and an equal financial playing field.
The Pi development team has ensured they do not rely on the often-criticized proof-of-work (PoW) consensus algorithm to become future-proof. Instead, the protocol runs on a novel consensus mechanism called the Federated Byzantine Agreement (FBA). This is a breakdown of the Stellar blockchain’s famous Stellar Consensus Protocol (SCP).
While the Stellar network relies on companies and institutions to serve as node validators, Pi’s FBA allows regular individuals to use their devices to secure the network while getting rewarded.
Taking its cue from first-generation blockchain networks like Bitcoin, the Pi network intends to create an idea of token scarcity while ensuring that a sizable amount of the tokens are not concentrated in the hands of a few people.
Given this, the Pi economic model operates on four different models:
- Simple – Creating an intuitive and transparent economic model
- Fair Distribution – The asset’s price would give several people access to Pi tokens, unlike the first-generation protocols
- Scarcity – Create a form of scarcity to maintain its price
- Meritocratic Mining – Incentivising user engagements by rewarding their contributions to the network
The protocol had over 100,000 active users in June 2019, and today, the Pi network is over 33 million users strong.
The Pi network uses the halving method to keep its value relatively affordable. The first halving occurred when the network hit the 100,000-user benchmark and dropped to 1.6 pi per hour. The second halving occurred when it crossed the One million-member mark and dropped to 0.4 pi per hour.
The Pi network underwent three main phases: Bootstrap (3/14/2019 – 3/14/2020), Testnet (3/14/2020 – 12/28/2021), and Mainnet (12/28/2021 – Present).
Here’s a detailed summary of everything we’ve covered on Pi network price prediction thus far:
- Pi network aims to make it easy for anyone to own crypto by allowing anyone to mine the Pi coin on their mobile device without negatively impacting their battery life.
- Pi uses Stellar’s FBA mechanism, making it more secure and modern than the PoW consensus algorithm.
- The mining capability of users depends on the growth of its ecosystem as the network employs halving to protect the Pi coin value.
- Pi was listed on some cryptocurrency exchanges at the beginning of 2023.
- The network is currently in the Open Meinnet Phase 3.
Pi Coin Price Prediction 2024
For Pi coin to remain relevant in crypto, the new decentralized payment solution must ramp up its fundamental metrics to stay on par with other assets. This is inevitable, and given its broader scope of community acceptance, the fundamentals should not be hard to come by.
Although Pi needs help getting on board with other crypto coins, Pi has indicated a growing trend in the last four months. By the end 0f 2024, the token could reach a high of $40.
Pi Coin 2025 Price Prediction
In the medium-term, Pi Coin’s performance could be determined based on the performance of other cryptos. For instance, the period between 2022 – 2023 was plagued with uncertainty and price corrections – as the economic markets crumbled following the pandemic.
However, things may be brighter in 2024 and 2025. For one, the Bitcoin halving is expected to take place in 2024. A strong BTC performance is likely to bode well for the overall cryptocurrency space. This may be just the momentum that other coins such as Pi need to gain upward momentum.
By the end of 2025, Pi could reach a price of $55.
Pi Coin Price Forecast Long Term Outlook – 2030 Prediction
Pi coin is expected to continue its blockchain integration march. A crucial metric for its success would be to build up its developer ecosystem. The launch of Phase 3’s hackathon indicates what the network intends in the long term.
Given its use of the Stellar Consensus Protocol (SCP), it would be easy for decentralized applications (dApps) to build and onboard the smart contract platform.
A strong developer ecosystem would give more use cases for the Pi token. Network upgrades are also expected, and a foray into the non-fungible token (NFT), decentralized finance (DeFi), and Metaverse ecosystems would do the digital asset a world of good.
This could propel the price action of the Pi coin well above the $79 range in 2030.
What is Pi Coin Used For?
What are the likely use cases for this decentralized cryptocurrency? Let’s explore 5 of this new cryptocurrency’s most obvious use cases.
1. Network Transaction Fees
The Pi token drives the Pi blockchain. This means the token is important for operating the protocol. All transactions on the network will be charged and paid for with this token. Development teams using the smart contract network must hold Pi tokens to access the network’s resources.
2. Governance
Pi network also features a decentralized autonomous organization (DAO). The Pi token is expected to serve as the governance token for the DAO. Token holders would be able to vote on proposals for the network.
3. Mining Capabilities
The Pi token is used to incentivize user participation in the network. Users who sign in and click the ‘Mine’ button to secure the network can easily earn their rewards in Pi.
4. Scales Trust Across the Web
Permissionless transactions are becoming the norm, and the Pi token is uniquely positioned to engender this novel concept. Here, two parties can easily send and receive digital assets trustless without a third party.
5. Balances Scarcity Using Bitcoin Model
Bitcoin has a strict limit of 21 million coins. This makes it deflationary and limited, which drives the value of BTC up as demand increases. The Pi network uses a similar approach by cutting the mining power of its token in half. This lowers the potential earnings for miners who secure the network.
However, the Pi network balances this scarcity by rewarding contributors based on meritocracy and not on how many resources they have. The protocol also ensures that a wider sample of the world’s population owns the Pi token by allowing individuals to only mine from a device and not multiple devices like other protocols.
What Drives the Price of Pi Coin?
Pi coin is expected to splash the crypto market once it launches. This section will explain the driving forces behind its expected growth.
Broader Crypto Market Trend
2021 was a bellwether year for digital assets, and this year is expected to continue the trend. Several businesses and institutions are already concluding that crypto-assets are here to stay. If the crypto market continues to trend, the Pi token will likely rally or dip with the other digital assets.
Current User Growth
The Pi network is one of the densest ecosystems available. Still, the protocol already has 47 million-plus active miners and users securing its network in beta. This fully-programmed space is ready to explode once the network goes live.
Eventual Listing On Centralised Exchanges
Centralized exchanges like Binance play a crucial role in crypto adoption. They are usually the safest and most benign ways users can access the crypto ecosystem. If the Pi coin makes a centralized launch, we could see a huge surge in its value. This could see the self-billed people’s currency shoot to over $2 before the year runs out.
Is Pi Coin the Best Crypto to Invest in?
We have reviewed the price of Pi coin and discussed the main features of this cryptocurrency asset. However, consider exploring the promising alternative, Love Hate Inu.
Love Hate Inu, unlike the recently launched meme coins, whose utilities are limited to staking and P2E, wears its meme coin nature proudly.
The project mixes the social nature of memecoin – a nature that has the potential to bring the community together – with a DAO concept of voting. Here, users can vote on different kinds of polls and earn rewards.
Running with the concept of Vote-2-Earn, Love Hate Inu exists to challenge the current online survey system and seeks to empower people to create their polls and redefine how people interact with social media platforms.
Love Hate Inu – LHINU – is an ERC-20 token with a total supply of 100 billion. 90% of this supply – 90 billion tokens- is dedicated to the presale, and the remaining 10% is being kept with the developers for listing, liquidity, and rewarding purposes.
Conclusion
In conclusion, this Pi coin price prediction has discussed our forecast for the month and years ahead for Pi, exploring the token’s use case and potential. We hope you find this information helpful.
As a relatively new cryptocurrency, Pi Coin has generated interest, but like any investment, it is a risk. So, make sure to research and consider the project’s fundamentals, team, and potential for future growth before making any investments.
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