Pi Coin Price Prediction 2022, 2025, and 2030: Will PI cross 5$? – Crypto News

This article will learn more about the Pi coin and its underlying technology. We will also cover Pi coin price predictions for 2022, 2025, and 2030.

The pi coin is a cryptocurrency that runs on the Pi network, which at its core, aims to keep cryptocurrency mining accessible. To achieve this, Pi coin developers made it possible for mobile users to mine the crypto using its mobile app by validating transactions on a distributed record.

PiCoin overview

The Pi coin was created by a team of Stanford graduates and was launched in 2019 on Pi Day, 14 Match. A free Pi mining app was also provided during the launch, which enabled users to mine the crypto on their phones.

By June 2019, the crypto had already amassed more than 100,000 active users. By February of 2020, the user base had grown to over 3.5 million active users. Today, the network has over 29 million active users, more than double its number of users in March 2021.

To protect its scarcity, the crypto undergoes halving, which is the number of coins awarded for processing a transaction. For instance, the Pi network halved from 1.6π when it reached 100,000 active users. The process repeated when it reached another milestone of 1 million active users and again when it reached 10 million users. It will continue with the halving process until it reaches zero, when the number of active users will be 1 billion.

Pi Coin Price History

Pi Coin is currently not listed on decentralized exchanges. However, millions of active users rely on the network.

Unfortunately, for traders looking to trade Pi Coin, it is impossible to buy it on any platform. People who currently own the crypto have acquired it through mining.

Luckily, the platform has made it easy for users to get their hands on the Pi Coin by providing a mobile app that pioneers can use to mine the crypto. They also have an active support and a vast community.

Today, the Pi coin’s biggest question is whether it will ever reach exchanges, where people can convert it to money. There is also the question of what will happen when the coin is finally traded in exchanges. Will the prices start very low due to the huge amount of people currently holding the crypto?

Most users holding the Pi coin also have a lingering question of how much their coin is worth today and how much it will be worth in 2022, 2025 and 2030. All these questions will be answered in this article.

adoption

Adoption and market penetration of Pi has been minimal, and the Pi network has not been able to bring major decentralized applications into its fold.

However, its user base has grown exponentially in the past few years, with more than 29 million active users at the time of writing. Its adoption by crypto users has been significant, and it is what we are going to look at.

The Pi Network allows users to mine the crypto using just their phones. In addition, they implemented the halving concept to make it harder for the crypto to run out. The concept ensures that, during mining, the reward awarded for completing any transaction reduces as the crypto nears its maximum value.

The Pi Network use of Stellar Consensus Protocol (SCP) rather than the widely used proof-of-work (PoW) has also been a major selling point to its users. This consensus mechanism allows transaction validation on a distributed ledger to be executed by order, increasing its scalability and rate of transactions per second.

Pi Coin Price Prediction 2022

The Pi coin is expected to launch its mainnet soon, which will mark a significant milestone in getting listed in decentralized exchanges.

Many experts predict that Pi coin will be listed on several decentralized exchanges by the second half of this year, allowing traders and holders to convert their coins to cash.

But what will be the price of Pi coin when it finally launches? To answer the price of Pi coin when it starts to trade this year and my general Pi price prediction for 2022, I will use several concepts that help explain why crypto’s increase or reduce in prices.

The first concept I will use is supply and demand; regardless of whether you are dealing with the fiat currency or cryptocurrency, oversupply of currency results in depreciation in prices. Therefore, assuming that the supply will be into billions during the launch of Pi coin, the resulting prices of the cryptocurrency will be worth pennies.

The second concept determining how much Pi coin will be worth is its long-term usability. Today, most cryptocurrencies have a premise of solving real-world problems, which has led to people using these cryptos. For example, take the case of Ethereum, which promises to decentralize the financial institution. But, again, these are real-world problems that are getting real-world solutions.

However, this is not the case, as seen with some cryptocurrencies such as shiba inu and Dogecoin, which were created as jokes and serve no purpose at their core. Instead, these types of cryptos rely on influencers and high-profile people to market them for them to gain prices. Now, Pi Coin has a lot of usability, but whether people will adopt it remains to be seen.

The third and last concept I will use for my Pi Coin price prediction for 2022 is how the combination of the previous two factors interact, how the supply and demand and the crypto usability affect clients’ willingness to invest in the project. For instance, the project may have high usability but still fail to launch at a higher price because of oversupply or lack of demand.

With all these factors in mind, my Pi coin price prediction for 2022 is the crypto will launch below a dollar. Based on observations of other similar cryptos, I estimate that the prices will launch at around $0.2 to $0.5.

Pi Coin Price Prediction 2025

As stated in my Pi coin price prediction for 2022, I expect the crypto to launch in the second half of 2022 at around $0.2 to $0.5.

Based on the implementation of technologies such as The Pi Network’s use of Stellar Consensus Protocol (SCP) and millions of users already using the coin, my Pi price prediction for 2025 indicates that the coin will be bullish from 2022 to 2025. As a result, I estimate that the crypto will be trading at above a dollar by 2025. Of course, this is a conservative estimate, but based on my experience with other similar crypto’s, I expect it to at least range from $1 to 1.5 by 2025.

Pi Coin Price Prediction 2030

While true that it is almost impossible to predict what will happen to the Pi coin in 2030 since it has not yet started trading, we can still speculate its value during that time.

My Pi coin price prediction for 2030 is based on factors listed in my previous prediction. My conservative estimate is the crypto will be trading at around $5. By this time, the halving cycles will have made it harder for the new Pi coins to be mined, but billions will still be available. Therefore, I don’t expect the crypto to be above $5 by 2030.

Is PI Coin a Scam?

One of the questions that come up a lot by investors looking to invest in Pi coin is whether the crypto is a scam.

To be fair, it is a very genuine question that needs to be asked because, unlike other cryptocurrencies, Pi coin is currently not exchangeable anywhere. There is also the question of why the project has been delayed so much before getting launched on exchanges.

Today, many investors of the Pi coin have no tangible benefits (for now), and the value attached to the crypto is more speculative than objective.

However, based on my observation of the project, I am of the opinion that PI coin is a genuine project. This is because creators have already promised to release it in decentralized markets by the second half of this year.

The project also has one of the biggest communities today. Its creators have never shied away from answering these community members, indicating a willingness to move the project forward.

In its short years of existence, the project has also not displayed signs of being a scam. This is an indication that the PI coin is a genuine project.

Creating a Pi Coin Wallet Using Pi Browser

Pi coin creators introduced Pi Browser, a new interface of Pi Apps/utilities platform that could support Pi applications. They also introduced Pi mobile wallets which can be accessed using the Pi browser. For users looking to create their Pi Coin mobile wallets, below are some of the steps they should take.

1. Download Pi Browser: You are required to download the latest Pi Browser app for your iOS or android device. Ensure that the browser you are downloading is legitimate by confirming that it is developed by “Pi Community Company”. You can find find the Pi Browser app in your Pi Network Mining App.
2. Open the Pi Browser. Chances are if you have Pi Network Mining App, Pi Browser will automaticall sign you in. However, you can still be able to sign in to the browser by going to the mine.pi site in the browser and entering your login details.
3. After signing in, you should see a welcome page with wallet.pi icon.
4. Click on the wallet.pi Icon.
5. Click generate wallet
6. You will be sent a passphrase which will allow you to access your Pi Network wallet.

Is Pi Coin a Good Investment?

Investing in Pi coin, for now, is purely based on speculative analysis and not the usual fundamental and technical analysis.

Although my analysis is super bullish, speculative analysis is highly risky, and there is a high probability that the prices will not pun out as predicted in my analysis. Therefore, investing in Pi coin comes with huge returns on investment and can also result in huge losses that wipe out your investment.