Pi Network is one of the first projects to capitalize on the mobile crypto mining craze, so many investors are looking for PI coin predictions to see if it’s worth the hassle of mining; in this guide, we’ll give you a comprehensive look at the current and future price of this coin, as well as explaining whether PI is the best cryptocurrency to invest in right now, so let’s get started.
🔥A brief overview of the future of PI coin
If you are an investor looking for a brief overview of the future of PI, we summarize below its price forecast for the coming years:
1- End of 2024: Some experts expect the price of the PI coin to reach $58 by the end of 2024.
2-End of 2025: If the Pi Network technical system continues to grow successfully, the coin price may reach $73 by 2025.
3- End of 2030: The price of the PI coin may rise to $98 by the end of the current decade if the project continues to grow and its network succeeds in attracting application developers.
Pi Network Future Between 2024 and 2034
Pi Network Coin Future 2024
The Pi Network project aims to develop a decentralized crypto network for smart contracts, allowing users to develop applications on the network, while PI miners act as validators. Given that the PI price is currently fluctuating within a narrow range, we can say that selling pressure has subsided. Although the launch date of the Pi Open Mainnet has not been set, reports indicate that developers are working on completing the final stages of development of this network.
When the mainnet launches, the number of its users is likely to increase, which may increase the demand for the available coins; and as the number of decentralized applications (dApps) on the network increases, the number of users will continue to grow, which may also cause an increase in demand for PI, which means positive pressure is generated that pushes the price of this digital asset upward.
In an attempt to see how this currency will develop, we find Ethereum (ETH) as one of the best alternative currencies; therefore, we will analyze its historical growth in order to predict the future of PI. The number of unique wallets on this project’s network reached approximately 44 million wallets in October 2018, and the market cap of its currency reached approximately $25 billion at a price of $200 compared to its launch price of $1,222, an increase of 16,266%. The unofficial launch of PI on trading platforms caused a great deal of hype, which led to its price rising to $330.65 before it fell again. The price at the time of writing is $31.46, and the price is likely to range between a high of $58 and a low of $18 by the end of this year.
Pi Network Future 2025
The Pi ecosystem is likely to attract many developers in 2025 due to its decentralized features, low transaction costs, and energy efficiency. If the cryptocurrency market conditions are favorable, the price of PI is likely to increase significantly; if the network continues to grow in popularity among developers in 2025, they will develop decentralized applications that can attract users to this blockchain, which could mean increased demand for PI and a higher price.
On the other hand, the project will continue issuing coins until the launch of its open mainnet and then continue after that. If the issuance rate is greater than the user growth rate, the supply will be greater than the demand, which will negatively affect the price of the coin, which is a noticeable possibility given the competition of several first-layer networks to attract users. Accordingly, we expect the price of PI to range between a low of $28 and a high of $73 in 2025.
Pi Network Future 2030
Looking further ahead, it is likely that by 2030 all PI coins will be in circulation and the project will have 100 million users. However, the project team has not yet clarified whether it will replace the coin mining rewards with another consensus mechanism or whether another reward mechanism will be used.
Some analysts expect the cryptocurrency sector to grow at a compound average growth rate (CAGR) of 11.1% per year, and assuming the project succeeds in growing at a little more than half of this rate, it is believed that the price of this digital asset will reach a maximum of $98, and not less than $35 in 2030.
In any case, the price movements of digital currencies cannot be predicted with great accuracy, but many analysts use technical analysis indicators to predict the future of these digital assets, which prompts crypto traders to search for Bitcoin (BTC) price predictions. Since BTC is the largest digital currency, its performance and price movements usually greatly affect popular alternative currencies.
Pi is a new digital currency developed by a team of Stanford PhDs, with over
55 million people around the world. To join us on Pi, choose this link https://minepi.com/Hussein9Ahmed and use my username Hussein9Ahmed as an invitation code