Pi Coin Price Prediction: Will Pi Ever Be Worth Money?

2023/02/03By: L, Laura

As the Pi Network project nears its final stages, many people are wondering what the future will bring. In this article, we will examine the Pi coin price prediction.

 

First, we must know the background: There is still no indication of when or even if the 33 million so-called “Pioneers” mined on Pi Network (Pi) will benefit from their coins. As of February 3, 2023, the Pi Network is still in its enclosed mainnet development, with the final open mainnet still not launched yet. It’s hard to determine the pi coin value as it remains in pre-launch mode.

 

On the one hand, it is a promising project and is currently completely free to mine, which seems like easy money for some people. While on the other hand, there are so many pressing questions and misinformation surrounding one of the most controversial cryptocurrencies.

 

Is Pi coin legit? Is the Pi Network scam real? If not, when will Pi coin launch? Is Pi coin worth anything? At the moment, these could be a million dollar question in cryptocurrency circles.

 

Therefore, in addition to the Pi coin price prediction, we have also prepared an exhaustive Pi network review, including all the answers to the above questions, to help you learn more about it and determine if it is worth your time and effort.

 

Pi cryptocurrency is very mysterious, and reliable information is difficult to find. We have dug very deep into internet forums and blogs to find the latest updates about Pi Network. Prepare for an exciting and twisted journey, as the answer to the question “Is Pi coin real or fake?” comes in fifty shades of grey. Let’s start it.

 

Latest Pi Network News

Pi coin was listed in Huobi exchange on December 29, 2022. Furthermore, Wrapped Pi (WPI), the Pi bridge utility token between Pi Network and BNB Chain, has launched on PancakeSwap and is being tracked by CoinMarketCap.

 

The Wrapped Pi is an unofficial token for the BNB Chain serving as an alternative to the native Pi Coin, as the official connection from the Pi Network core team has not yet been established.

 

As Pi network is still in its Enclosed Mainnet period, during which transaction of Pi through an exchange is prohibited, these Pi listings have caused confusion within the Pi Network community and prompted the Pi team to respond to these listings.

 

The Pi Core team asserted that all these listings were conducted independently of the team, which were not approved and were not in line with the network’s policies. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.

 

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An Overview of Pi Network and Pi Coin

Here’s a detailed summary of everything we’ve covered so far about Pi network and Pi coin that you may be interested in:

 

  1. Launched on Pi Day, March 14, 2019, Pi Network is a mobile blockchain mining project on a mission to give everyone access to the crypto revolution.
  2. This is accomplished by allowing anyone to mine Pi coins on their mobile devices without negatively impacting their battery life.
  3. Pi crypto project uses Stellar’s FBA mechanism, making it safer and more modern than the PoW consensus algorithm.
  4. Users’ mining capacity depends on the growth of their ecosystem, as the network uses halving to protect the value of Pi coins.
  5. Pi Network launch date: Pi Network has evolved over the years and is currently at a vital stage of its Enclosed Mainnet development leading up to the Open Mainnet launch. The final stage of opening the mainnet to the public is on schedule, but there is no definite timeline yet.
  6. Though several exchanges such as Huobi have listed Pi coin for trading in late 2022, the Pi Core team asserted that all these listings are conducted independently of the team, which are not approved and are not in line with the network’s policies. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.
  7. As the hype around Pi ecosystem has been going on for years and the Pi crypto remains in the pre-release mode, some experts believe that it is just a scam.

 

Pi Network Launch Date: Pi Crypto is Getting Closer to the Open Mainnet Launch

In a nutshell, open Mainnet is the term used to describe when a blockchain convention is completely evolved and conveyed, which implies that the real publicly released blockchain itself that is openly undeniable.

 

Mainnet accomplishes the usefulness of executing real exchanges within the organization which is put away on the blockchain and is alluded to as the ‘final result’ available for the general population to utilize.

 

The Pi Core team has comfirmed in its 2022 end-of-year update that Pi Network is currently at a significant phase of its enclosed mainnet development, the final stages of transition to a open mainnet – fully decentralized, access to the other blockchains, and enable Pi coins to trade with other cryptos or fiat currencies.

 

Since its mainnet migration began on August 3, 2022, Pi Network has been focused on technical improvements, KYC solution, Pi platform and ecosystem building, among others. According to its last statement:

 

“Pi is at an important point in Enclosed mainnet development, in which Pi is able to focus on two key priorities: enabling mass KYC and empowering ecosystem utilities-building. Both are essential steps toward our objective of building a viable ecosystem to get ready for Open Mainnet.”

 

So far the final stage of opening the mainnet to the public is on schedule, but there is no definite timeline for the transition yet.

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Pi Coin Value: Will Pi Ever Be Worth Money?

Investors may have seen Pi coin value publicly shown on a select few crypto exchanges, such as Huobi, which has listed Pi for trading on 29 December 2022. But as we mentioned above, Pi network is still in its Enclosed Mainnet period, during which transaction of Pi through an exchange is prohibited.

 

There may be a lot of speculation about the future Pi coin value, but no one knows exactly. We will have to wait and see. At this moment, the protocol already has millions of active miners and users securing its network in beta. This is a fully-programmed space ready to explode once the network eventually goes live.

 

We believe that Pi coin will have its own real value only when the Pi Network launches its open mainnet to the public finally. If this really come true, Pi project will definitely have its own innovations.

 

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Pi Network Scam: Is Pi Coin Legit?

Is Pi Network legit? There are strong arguments on both sides:

 

On the one side, there is a list of advantages:

  • the number of people already participating in the network is impressive
  • the ideas touted in its white paper are real and credible
  • its blockchain technology is promising in terms of accessibility and environmental impact
  • there are signs that companies are willing to accept Pi coin as payment currency
  • the founders come from a significant educational institution that instills trust

 

On the other side, there are some pressing questions:

  • lack of transparency: trustworthy information is hard to find and scattered across online blogs, forums and Reddit discussions
  • Google Play Store has many negative Pi app reviews
  • no evidence of a blockchain behind Pi Network
  • the process of generating Pi coins is officially called mining, although it is not essentially mining
  • there are unresolved data and privacy issues

 

To summarize, there is unfortunately no way to know the answer to the question whether Pi coin is legit currently.

 

There is no cost to install the application. And, many current Pi users do not believe in its future and continue to mine just in case. This also does not instill trust.

 

For all these reasons, it is impossible to make a final judgment. Pi Coin is a good idea, and it has a real (though modest) chance of success. In some ways, it recalls the early days of BTC. In other cases, it evokes bad memories of the OneCoin scam. At the same time, Pi presents significant risks in terms of information scarcity and data protection. Therefore, everyone should decide if it’s worth the risk of your personal data falling into the wrong hands.

 

Pi Coin Price Prediction

It is important to remember that the crypto market is still very volatile, making it difficult to accurately predict the price of the coin within a few hours and even more difficult to give long-term estimates, such as Pi crypto price prediction 2025. As a result, analysts can and do get their forecasts wrong.

 

So before you read further, please keep in mind that this is not investment advice in any manner.

 

At press time, the price action for Pi coin is still unknown as  it’s still in pre-release mode. However, this is not expected to be the norm for long.

 

Pi Network is expected to continue its pace of blockchain integration. A crucial metric for its success would be to build up its developer ecosystem. The launch of  its 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 provide more use cases for Pi coin. Network upgrades are also expected, and a foray into the non-fungible tokens (NFTs), decentralized finance (DeFi), and Metaverse ecosystems would do the digital asset a world of good. This could drive the Pi coin value well above the $10 range in 2025.

 

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Pi Coin Value in 2030

Pi crypto price prediction 2030 is probably more speculative, and the Pi coin value in 2030 may depend on when the cryptocurrency goes live for trading and how it performs after launch. Estimates from some users on social media range from $1 to hundreds of dollars.

 

Pi Coin Price Prediction: Conclusion

In conclusion, this article has reviewed Pi coin and discussed Pi coin price prediction. Here we explored all the pressing questions related to the Pi Network scam and Pi Network launch date as when will Pi coin launch, how much is Pi coin worth, is Pi coin legit.

 

We hope this will help you decide if the Pi crypto worth a try. Again, please be sure to read the Pi disclaimer. As Pi Network is still in its Enclosed Mainnet period and has not yet launched the open mainnet, the platform insists that its token is currently not tradeable. Always do your own research before making any investment decisions.

 

BTCC will keep you updated with the Pi ecosystem hype, especially the Pi Network launch date. Read the following articles for more information about the Pi Network:

 

 

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Pi Coin Price Prediction FAQs


1. Is Pi coin real or fake?

Currently, no one knows the answer to the question whether Pi coins are real and legal. There is no cost to install the application. However, there may be issues regarding data privacy and lack of transparency.

 

2. Is Pi Network worth anything?

As Pi Network is still in its enclosed mainnet period and has not yet launched the open mainnet, the platform insists that its token is currently not tradeable during the period. We believe that Pi coin will have its own real value only when Pi Network launches the much-anticipated open mainnet to the public finally. So will Pi ever be worth money? We have to wait and see.

 

3. How much is 1 Pi in dollars?

Though several exchanges such as Huobi has listed Pi coin and shows live Pi network value, the Pi Core team asserted that all these listings were conducted independently of the team and were not approved. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.

 

4. What stage is Pi Network now? Will Pi Network ever launch?

Pi Network has evolved over the years and is currently in its final stages of opening the mainnet to the public. The transition is on schedule, but there is no definite timeline yet.

 

5. Does it have a Pi wallet app?

Yes, but Pi wallet currently only connect to the Testnet, with only Test-Pi for testing. It will have the real Pi coins inside when Pi Network mainnet goes live, when it will enable actual Pi transfers.

 

6. Is Pi mining legal?

Yes, it is legal as it does not involve any cash investments to mine it. All you need is about 20 seconds of your time (typically less than 20 seconds) to click on the lightning button to start mining once every 24 hours. If you already have the app, you can wait to see if the founders build something of significant value.

 


 

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