In the ever-shifting landscape of digital currencies, the concept of mining crypto on your phone has sparked the interest of many. Among the rising stars in this arena is Pi Coin. This comprehensive guide aims to take you on an extensive journey through the history, current status, and the future possibilities of Pi Coin price.
So read this article till the end for Pi coin price prediction from 2024 to 2030.
Pi Coin Price Prediction – A Quick Look
For those who want a quick look into where Pi Coin might be heading, let’s take a closer look at what the experts think:
End of 2024
By the end of 2024, after some ups and downs, Pi Coin is expected to be worth around $35. This is based on how well things go with the mainnet release.
End of 2025
Moving into 2025, if the Pi network keeps growing, the coin might reach about $50.
End of 2030
Looking further into the future, by the end of 2030, if things go really well and lots of people start using Pi, the value could go as high as $100.
Pi Coin’s Price History
Understanding how Pi Coin has performed in the past needs a bit of explanation. Pi Coin is different from other cryptocurrencies like Bitcoin and Ethereum. Instead of being mined in a fixed way, Pi Coin is created based on how many people are using it, up to a maximum of 100 million users.
Unlike Bitcoin that has a set supply, Pi Coin’s supply changes based on how many people are using it. The more users, the more coins are made. This system has helped Pi Coin build a strong community of users who are invested in its success.
After Pi Coin got listed on different exchanges including Huobi, BitMart and others, it saw a big jump in value from $30 to $292. However, like most things, the price didn’t stay there. It dropped to $44 in January 2023, bounced back to $88, and now it’s again around $22.
So that was a brief history of the Pi Coin’s price. Now let’s take a look at the Pi Coin background.
Pi Coin Background
In 2019, Pi Coin entered the scene with a big idea which was to let people mine crypto directly from their phones. This was different from how other cryptocurrencies, like Bitcoin and Ethereum, do things. Instead of a traditional Initial Coin Offering (ICO), Pi Coin let users mine coins on a testnet, planning to shift them to the mainnet later.
Pi Coin quickly gained popularity, attracting over 30 million users. But it wasn’t just about mining – it was about building a lively community. To thank early supporters, the Pi Coin team gradually reduced mining rewards at key milestones: first at 100,000 users, then at 1 million, another at 10 million, and a final reduction planned at 100 million users.
The real boost came in December 2022 when various exchanges listed Pi ‘IOUs.’ Even though this wasn’t an official listing, it pumped the price up to an impressive $292. But it’s important to note that Pi Network clarified they weren’t connected to these exchanges.
The journey since 2019 has seen highs and lows, bringing Pi Coin to where it is now. Currently trading around $22, Pi Coin isn’t just a digital asset – it’s the result of a journey, a community, and the potential of mobile crypto mining
Also read our article about 10 Best Crypto to Buy Now in 2024
Pi Coin Price Prediction 2024
In the dynamic world of cryptocurrency, Pi Coin is on a mission to establish a decentralized smart contracts network. Users can create applications within the Pi network, while Pi miners ensure integrity.
Currently, the Pi token is in a phase of measured trading, hinting at reduced selling pressure. Although the Pi Mainnet launch date is uncertain, there’s buzz about potential developments like decentralized applications (dApps).
With the network’s growth, the Pi token supply is increasing. Projections suggest a potential user base of around 43.5 million, with a total token supply of 300 billion.
Inspired by Ethereum’s growth, Pi Coin’s entry into exchanges surged to $292 before retracing to $22. Speculation suggests a potential climb to $35 by the year’s end.
In the unpredictable cryptocurrency landscape, Pi Coin represents innovation, community strength, and the evolving nature of digital currencies in decentralized finance.
Pi Coin Price Prediction 2025
In 2025, more developers are expected to join the Pi ecosystem. It’s decentralized, transactions cost less, and it’s energy-efficient. This might make the Pi coin price go up.
Assuming a 15% increase in Pi users every year, even after the excitement from the mainnet launch calms down but more applications join, we could have about 57.5 million people using Pi. The total tokens could be around 395 billion.
With these numbers, we predict a low-end Pi coin price of $50 and, at its best, it could go over $300. This shows a positive future for Pi Coin, adapting and growing in the changing world of cryptocurrency
Pi Coin Price Prediction 2030
Looking ahead to 2030, it’s likely that all the planned Pi tokens will be in circulation. The project aims for 100 million users, and by then, this goal could be achieved. Currently, the team hasn’t disclosed whether mining rewards will vanish for another consensus mechanism or if there will be another reward reduction.
Some experts expect the global cryptocurrency market to grow around 11.1% annually. If the Pi network is well-managed, it could follow a similar growth trajectory. Our Pi coin price prediction ranges from a low of about $0.25 to a high of around $0.70.
Pi Coin’s Highs & Lows
For a comprehensive overview, let’s delve deeper into Pi Coin’s projected price range:
| Year | Low Price Prediction for Pi Coin | High Price Prediction for Pi Coin |
|---|---|---|
| 2024 | $22 | $300 |
| 2025 | $35 | $310 |
| 2030 | $40 | $500 |
Where to Get Pi Coins
While Pi may not be available for purchase yet, its substantial user count indicates eventual listing on major exchanges. Regulated platforms like Binance often take the lead in incorporating promising projects, providing a potential avenue for investors to explore Pi Coin in the future.
Conclusion
So that was all about Pi Coin Price Prediction 2024-2030. Keep in mind that predicting cryptocurrency prices isn’t an exact science, but analysts often use technical indicators. Crypto traders also keep an eye on Bitcoin’s predictions since it’s the largest cryptocurrency, and its health and price often influence other popular altcoins. The future of Pi Coin, like all cryptocurrencies, remains dynamic and subject to various factors.
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