Pi Coin Price Prediction 2023 - 2030
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
As one of the first projects to get involved with the mobile crypto mining craze, many investors are looking for a Pi coin price prediction to see whether the token is worth mining.
Throughout this guide, we'll be taking a comprehensive look at the current price of Pi coin, the Pi coin future price, and discussing whether Pi is the best cryptocurrency to invest in right now. Let's get started.
Pi Coin Price Prediction Summary
For investors simply looking for a brief rundown of the potential price of Pi Coin, we've summarized each year below.
- End of 2023 - If the mainnet release goes smoothly, and with a few months for the project to mature and develop use cases, we could see Pi hit as much as $0.24.
- End of 2025 - Should the Pi network ecosystem continue to expand, the token could be worth around $0.35 by 2025.
- End of 2030 - Moving onward to the end of the decade, if the Pi network can keep on growing and get a lot of applications created on the network, the token could climb as high as $0.70.
History of the Price of Pi Coin
When it comes to looking at how Pi Coin has performed historically, the waters can get a little muddied. As the network's mainnet still remains yet to be launched, there's previous price data to go on. However, that doesn't mean we'll be shooting blind. There's still plenty of information we can gather from how the project has been operating over the past year.
Firstly, as Pi Coin operates a bit differently from traditional crypto assets like Bitcoin and Ethereum, it's worth taking a second to understand how Pi Coin works. The idea of the Pi Network was to allow people to mine crypto directly from a smartphone. With Pi gaining over 30 million users at its peak, this concept was clearly a smash hit.
Rather than joining the ranks of the best upcoming ICOs, Pi Coin has instead opted to allow users to mine coins on the testnet which will then be transferred across to the mainnet once it launches. By taking this approach, the Pi Coin team has managed to create a strong and loyal community that has a vested interest in the success of the project.
In order to provide its earliest supporters with the best value, the Pi Team choose to incrementally half the mining rewards for users as certain milestones were achieved. This initially took place when Pi Coin surpassed 100,000 users, then again, at 1 million, once more at 10 million users joined the network, and there will be a final halving at the 100 million user milestone.
In contrast to assets like Bitcoin which feature a fixed supply, the Pi network uses a system that allocates coins based on user count. So for each user (up to 100 million users), a number of coins are pre-minted that can then be mined by the user over their lifecycle.
While there isn't any Pi Coin price history, the release of the mainnet is now expected at some time in the first half of 2023 which is when we'll be able to buy/sell Pi and see how this new cryptocurrency performs on the open market.
- Pi Coin Launched in 2019
- Pi currently lacks a value and won't until the mainnet is launched
- The Pi Network hit 100,000 users in June 2019
- The Pi Network hit 1 million users in April 2020
- By December 2021 Pi had over 30 million users
- Several exchanges launch Pi 'IOUs' in December 2022, sending price soaring
- Pi Network confirms it is NOT affiliated with any exchange listings yet
- Mainnet launch expected early 2023
Pi Coin Background
Before we delve into our Pi Coin price prediction for 2023, it's first important to understand that our estimate of the price of Pi Coin will be assuming that the mainnet does go live as expected in early 2023. If something delays the process, Pi will remain unpurchaseable.
With almost 40 million people owning a Pi wallet and actively mining, it's likely that a huge amount of buzz will be generated once the coin launches. However, it's also important to understand that there will be a large number of sellers that have been accumulating Pi ahead of the mainnet launch.
With the value of cryptocurrency largely driven by supply and demand, these two parties will essentially battle it out upon the release of the coin. If there is more buying pressure, we could see a huge rally. Conversely, if the selling pressure is higher, the price of Pi could suffer until those planning to sell as soon as possible are shaken out of the market.
To get an idea of how the coin might perform it's worth taking a look at the Pi whitepaper. It states that the total supply of Pi can be calculated by combining total mining rewards, total referral rewards, and total developer rewards.
The huge hype and interest around the coin was shown in the last month when a number of exchanges unofficially 'listed' the coin in the form of IOUs.
That caused the price to see an incredibly large pump of nearly 1,500% with the inauthentic Pi coins reaching a price of more than $300 each.
However, the Pi Network told its followers on social media that the project had not authorized any exchange listing and participation may result in a loss. The statement read:
Pi is in Enclosed Mainnet with no external connectivity permitted. Pi Network isn’t affiliated with and hasn’t authorized any exchange listing. Such listings may not operate on real Pi. Participation may result in loss. Trust only official Pi channels.
The huge surge in price does show the level of interest in the token, however, but such a pump would - in live market circumstances - lead to a massive dump with early miners selling their coins at a huge profit.
Pi Coin Price Prediction 2023
The goal of the Pi network is to create a decentralized cryptocurrency smart contracts network allowing people to create applications within the Pi network, with Pi miners acting as validators.
Looking slightly further ahead to next year, it's likely that the Pi mainnet will be released and any major selling pressure will have subsided. As such, it would be the perfect time for the first Pi-based applications to be developed. While it's unlikely that the ecosystem will be at its full potential for a few years after its mainnet release, this will boost the demand for Pi heavily.
Furthermore, the number of users within the network will continue to increase, in turn, boosting the supply. Estimating a 20% rate of growth in order to account for the hype generated by the mainnet launch and use cases slowly being unveiled, that would place the total number of Pi users at approximately 43.5 million with the total token supply at 300 billion.
With Ethereum being regarded as one of the best altcoins, we'll refer to its historical growth once again. By October 2018, the project had around 44 million unique wallets and a market cap of around $25 billion following a few months of downturn.
With this in mind, we could expect to see the Pi cryptocurrency value at around $0.08 on the low end (market cap of $24 billion) or around $0.24 on the high end ($72 billion). However, it's important to be aware that for the high end of our Pi cryptocurrency value prediction to come true, a good number of applications will have to be in development on the network.
Pi Coin Price Prediction 2025
Moving on to 2025, we can expect to see a larger number of developers get involved with the Pi ecosystem as a result of its heavy decentralization, low-cost transactions, and energy-efficient nature. Depending on the crypto landscape at the time, this could lead to a large jump for our Pi coin price prediction.
Assuming a 15% yearly increase in the number of Pi users as hype from the mainnet launch dies down but the number of applications on the networks increases, we could see around 57.5 million people using the Pi network with a total token supply of around 395 billion.
With these figures, a low-end Pi coin price prediction of $0.15 would place the token at a market cap of about $59.25 billion. Whereas we could see numbers as high as $0.35 should adoption increase faster than expected.
Pi Coin Price Prediction 2030
Jumping further into the future, by 2030 we'll likely see all the allotted number of Pi tokens in circulation hit its cap as the project's goal of 100 million users will likely be hit. As it stands today, the team has not revealed whether mining rewards will be eliminated in favor of another consensus mechanism or if another reward halving will occur.
Some analysts expect to see the global cryptocurrency increase annually by a compound average growth rate (CAGR) of approximately 11.1%. If the Pi network is managed correctly, it makes sense that the Pi cryptocurrency value would grow at a similar rate. Therefore, our Pi coin price prediction places the asset at a low of around $0.25 and a high of around $0.70.
Predicting the price movements of cryptocurrencies is far from an accurate science but with many analysts using technical indicators to forecast the future of these digital assets some crypto traders have also been looking for Bitcoin price predictions. Considering that BTC is the largest cryptocurrency on the market, it's health and price trajectory usually has a major influence on other popular altcoins.
Pi Coin Price Potential Highs & Lows
In order to make it easy for an investor to quickly find out how much Pi coin is worth in a specific year, we've included this handy comparison table.
|Year||Low Pi Coin Price Prediction||High Pi Coin Price Prediction|
Where to Buy Crypto Coins
Although Pi might not be available to purchase yet, due to Pi's high user count, it makes sense that the asset will be listed on some of the world's top exchanges. Regulated broker eToro is often at the forefront of the crypto industry when it comes to adding exciting new projects, so we could expect to see it listed on the platform sooner rather than later.
As of January 2023, Pi Coin 'IOUs' are listed on several exchanges including Huobi and XT.com - however, the Pi Network confirmed to its social media followers that these are not authorized and should not be purchased.
eToro - Regulated Broker with CopyTrading and Low Commission
Founded in 2007, eToro has grown to become a crypto powerhouse, serving more than 27 million traders and investors around the globe. In contrast to a large number of crypto exchanges, eToro is regulated by numerous leading bodies including the FCA, CySEC, and ASIC.
One of the main draws to the eToro platform is its huge range of assets available to invest in. The platform features 73 of the best cryptos to buy, over 3000 stocks, and a whole host of other ETFs, commodities, and FX pairs. Considering the majority of investors like to diversify in order to reduce risk, eToro seems like an excellent choice.
In addition to its massive variety of assets, eToro comes equipped with copy trading capabilities. This allows users to automatically mirror the positions experienced traders take, allowing people to trade and learn strategies with minimal effort. To further assist those just starting out, the broker also creates a plethora of educational material on the eToro Academy.
Allowing people to trade with minimal fees is one of the things that eToro is best known for. The platform supports crypto CFD trading with a tiny 1% commission and stock CFD trading with zero commission. Combine this with a minimum deposit starting at just $10 for US residents and it's clear to see why so many investors flock to eToro.
Overall, eToro is an extremely competent exchange that offers perhaps the best blend of low fees, powerful features, and variety of assets out of any broker on the market. Furthermore, with the eToro Academy making it easy to learn the ins and outs of trading, eToro is one of the best crypto apps available today.
Is Pi Coin the Best Crypto to Invest in Today?
While Pi Coin is an interesting project that could perform rather well, it's not yet available to purchase, making it impossible to invest in Pi Coin today. However, we've done the research and found another early-stage project that has already proven to be one of the best crypto presales of the year. Let's take a look.
FightOut - M2E Fitness App and Real-World Gyms
FightOut is our top alternative to Pi Coin, which we've dubbed as one of the best cryptos to buy in 2023.
It is a revolutionary move-to-earn project that has ambitious plans to develop a new smart fitness app and will also build real-world gyms that are integrated with Web3 features and technology.
FightOut works by using smart technology to track movement, key effort indicators, sleep and nutrition to build a digital fitness profile and then tailor individual workout regimes for each user.
The app will then reward users with REPS - an in-app currency - that can be earned for completing workouts at home or in a gym, with users also able to take part in digital competitions against others to earn more rewards. REPS can be used to earn discounts on app subscription and gym membership, book personal training sessions or purchase apparel and training equipment.
The native FGHT token - which is currently in the first stage of its presale - will be used to underpin the project and to build real-world gyms in key locations around the world. The gyms will have Web3 features such as 'mirrors' that show a user's digital fitness profile, sensors to track movement and activity and much more.
The first locations are already being scouted by the FigtOut gym - who are doxxed and KYC verified - while FightOut recently announced UFC star Amanda Ribas and British boxing queen Savannah Marshall as project ambassadors.
Throughout this guide, we've taken a detailed look at the Pi Coin project, provided our Pi Coin price prediction, and discussed an alternative crypto project with enormous promise.
While Pi Coin 'IOUs' are pumping in price on several exchanges, it is important to remember the project itself has not authorized any listings and told users to not participate.
FightOut, a revolutionary move-to-earn project, is a top alternative to Pi Coin available to buy now during the first stage of its presale.
What will Pi Coin be worth in 2023?
By 2023, the Pi Coin mainnet should be released and the ecosystem will have had some time to mature. As a result, we expect to see lows of $0.08 and highs closer to $0.24
What will Pi be worth in 2025?
With more time to grow, the Pi network ecosystem will likely have expanded in a big way as developers look toward efficient smart contract platforms. As such, our Pi coin price prediction places the asset at around $0.15 on the low end or $0.35 if it performs well.
What will Pi Coin be worth in 2030?
While it's hard to offer an accurate estimate so far into the future, as the global adoption of cryptocurrency picks up, we could see Pi Coin trade for between $0.25 and $0.75.
What was the starting price of Pi Coin?
Until the mainnet is fully released, Pi Coin cannot be traded and therefore has no price. However, we could see the token hit approximately $0.01 on its release.
What was Pi Coin's highest price?
As it stands today, Pi Coin has never been traded on the open market. Pi Coin 'IOUs' that have appeared on several exchanges are not legitimate and should be avoided. As such, it has no price history. However, to give a possible top, the highest price on our Pi coin price prediction was $0.70.
Is Pi Coin a good investment?
Right now, it's impossible to tell how things will work out for Pi Coin. It's a very interesting concept with huge ambitions so it's entirely possible that things will go well for the project. Mining Pi Coin costs nothing other than a little battery power so if an investor believes the project could do well, there's no harm in checking it out.