Table of Contents
- Where Can I Buy Pi Coin?
- Pi Network Latest News
- What Is The Current Price Of Pi Coin?
- The road to Pi Network Mainnet Launch and why the long delay
- Pi Coin V1 Roadmap
- Pi IOU Coins
- How To Sell Pi Coin?
- Pi Network Adoption
- What consensus mechanism does pi coin use?
- Pi/USD Rate
- Pi Coin Price Prediction 2025
- Pi Network Usecase
- Pi Coin Price Prediction 2025
- Pi Coin Price Prediction 2030
- IS PI Coin a Scam?
- Is Pi Coin a Good Investment?
Pi Network is one of the few crypto projects that have maintained their hype for a long time. Its unique features have made it a very popular project with a very vibrant community.
After a long wait, spanning over six years, the Pi Core Team finally made the big announcement this week: Pi Open Mainnet will go live on February 20, 2025 at 8 am UTC. This is perhaps the most consequential development in the network’s history, and is likely to inject a high degree of excitement in the broader crypto space.
The Open Mainnet launch enables interaction between Pi Network and other blockchain ecosystems. Also, it is now possible to trade Pi Coin like any other cryptocurrency.
Where Can I Buy Pi Coin?
The Pi development team has gone all out in ensuring that its native coin launches in a pompous fashion. Some users were concerned that the launch could see PI listed on second or third-tier exchanges, limiting its true potential. However, it has been revealed that the coin will list on OKX, the fourth-largest cryptocurrency exchange by volume. Community voting on Binance listing is currently ongoing. That will give the coin exposure to tens of millions of traders worldwide, which is good for the price momentum.
However, it is not clear at this point whether the Pi Core Team intends to list on other exchanges, including decentralised exchanges (DEX). Limiting the listing to OKX is already drawing criticism, as it essentially means the coin is mostly controlled centrally.
Pi Network Latest News
Pioneers have had back-to-back disappointing news since December 2024 after the Pi Core Team postponed the migration to the open mainnet twice in as many months. The migration was to take place on December 31st, 2024, which was postponed to January 31st.
However, the team postponed the migration deadline on Deadline day, announcing that the grace period had been pushed to February 28, 2025. Many Pi Coin holders are understandably frustrated after holding on to their coins for several years without an official way of profiting from them.
The good news is that the number of users who have migrated to the mainnet finally hit the Pi Core Team’s target of 10 million last week. In its message to the community on January 31, the team stated that the migration could happen before the grace period lapses. The project already hit the KYC target number and currently has more than 18 million verified users.
These developments opened the way for the transition to the Open Mainnet on February 20, 2025.
With the open mainnet going live in a few days, there is new excitement around the project, as Pi coin holders are now closer than ever to start trading their assets.
What Is The Current Price Of Pi Coin?
The next big step after the open mainnet goes live will be the listing of Pi coin on exchanges. However, that carries a lot of volatility risk. Miners who have held the coins for years will likely feel the urge to sell their assets, a move that could exert downward pressure on Pi.
The Pi coin was created by a team of Stanford graduates and was launched in 2019 on Pi Day, 14 March. A free Pi mining app was also provided during the launch, which enabled users to mine the crypto on their phones. Till now Pi coin value is not known as the network hasn’t launched any coin yet.
By June 2019, the crypto had already amassed more than 100,000 active users. By February 2020, the user base had grown to over 3.5 million active users. Today, the network has over 60 million active Pioneers.
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 1.6 π 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.
The road to Pi Network Mainnet Launch and why the long delay
After remaining in its closed mainnet, the public launch of Pi Network mainnet was expected in 2022. However, due to the lack of communication from the team and constant delays, it didn’t even happen in 2023. The PI Core Team announced in early September 2024 that it would reveal the Mainnet open roadmap in December 2024.
However, as impressive as they were, the milestones still fell short of the targets needed before the Open Mainnet launch. This may have increased the level of apprehension among Pi Coin holders, but it was an unavoidable step if the coin is to achieve mass adoption and utility.
The Pi Coin project has adopted a phased approach, to ensure that it ticks all the boxes for efficiency and regulatory compliance. However, the continuous postponement of the mainnet launch is a cause for concern and has given rise to the widespread talk that it could well be a long con scheme or scam.
Instead of focusing on giving updates on the project roadmap, with well-defined timescales, the team has instead prioritised attracting attention from online social media platforms.
Pioneers can now view the transactions on the Pi Testnet and Pi Mainnet blockchain via Pi Block Explorer. The explorer lists all the transactions occurring on both networks in real-time. In addition, users can also check for a particular transaction or an account balance by using the in-built search function.
Even after mining Pi coin for years, many holders have been looking for ways to cash some of their holdings. Due to the constant delay in the full mainnet release, the tokens have been almost illiquid unless someone sells them in a pee-to-peer market. The Open Mainnet launch will open up the network to interactions with external ecosystems, creating opportunities for users to trade and profit.
Pi Coin V1 Roadmap
After a very long wait, Pi team finally shared the roadmap in November 2023. While this roadmap was not detailed, it still showed the direction in which the project would be heading.
The version 1 of the roadmap is divided into 3 phases, with the initial 2 phases already complete. However, phase 3 which is divided into two parts, is the most significant one. Pioneers were eagerly waiting for some information on the Pi coin exchange listing but met with utter disappointment as the team didn’t give any timeline for the full public launch of the mainnet.
Pi IOU Coins
With the listing of real Pi coins on centralised exchanges, Pi IOUs will no longer be there. The Pi Core Team issued warnings against IOU contracts of Pi/USD denouncing any affiliation to them. Also, some exchanges began converting the IOU values to USDT stablecoins in the lead-up to the Open Mainnet launch.
That said, news of listing on PI on OKX sent the Pi IOU tokens soaring to more than 100% in 24 hours.
How To Sell Pi Coin?
As mentioned earlier, the Pi coin is not tradable yet. Due to the huge hype about the project, many crypto exchanges are waiting for the full mainnet release to list Pi Network. Currently, it is up to the project team when to launch the full version of their blockchain. However, many users are still selling their coins via different P2P methods.
It seems that the team is deliberately delaying the full mainnet release. Many industry analysts believe that the project is already generating very good revenue from the daily traffic on Pi Network app. A launch of the mainnet may divert all this traffic to the blockchain, depriving the project of significant ad revenue.
If you are eagerly waiting to sell your Pi coins, then I’ll let you know when your coins are tradable. For this, you are welcome to join my free Telegram, where I post daily updates on cryptocurrencies and stocks.
Also, it has so far 80 real, distinct Pi apps that are either mainnet-ready or already on the mainnet. The Pi Core Team targets to have 100 apps ready before the transition to the open mainnet. Finally, the project’s developers say the external environment will need to be favourable upon completion of these milestones before it launches.
Pi Network is working to expand its ecosystem. The project currently runs the Developer Ambassador Program. The program rewards anyone with 1000 Pi coins for onboarding new developers to the Pi mainnet. This initiative may accelerate the development in the coming months.
Pi Network Adoption
Currently, Pi Network is one of the biggest crypto communities on Twitter. The project is supported by a loyal community of enthusiasts who are eagerly waiting for the full release of the mainnet.
One of the bottlenecks facing Pi Coin is the Know Your Customer (KYC) process, which is a demanding task for an ecosystem with over 60 million users. Nonetheless, this is one of the most important steps in the PI network’s development and reputation, as it will ensure that all Pi Coin holders are human beings.
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Similarly, its main app has been downloaded by more than 50 million people, making it one of the most popular apps in the crypto industry. The Twi
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The social media following is the backbone of any crypto project. Pi Network is currently followed by 4.7 million across different social media platforms. Such a big community can be attributed to the project’s great referral system and good marketing.
The most distinguishing feature of Pi coin mining is the fact that it can be mined on any cell phone and doesn’t require any sophisticated hardware or computational power. This unique trait has made it very popular among the new crypto enthusiasts as they can mine coins just by tapping on their mobile screens everyday.
What consensus mechanism does pi coin use?
Pi Network uses the Stellar Consensus Protocol (SCP). This Consensus Protocol is different than the widely used proof-of-work (PoW) and has also been a major selling point to its users. The consensus mechanism allows transaction validation on a distributed ledger to be executed by order, increasing its scalability and rate of transactions per second.
Another cryptocurrency called Stellar Lumens already uses Stellar Consensus Protocol (SCP). In the Stellar Lumens network, most of the nodes are being run by big organizations like IBM. However, in Pi Network, all the nodes will be run by individual users.
Users would be able to use their devices like mobile phones, laptops, and tablets to run a Pi Network node. This can theoretically create a much more robust and decentralized network while also ensuring high scalability.
Pi/USD Rate
HTX (formerly Huobi) was one of the first crypto exchanges to launch Pi coin IOU contracts in December 2022. After an initial surge to $264, the pair has been in a tailspin since then. The current price of $36.49 also seems to be overvalued, considering the huge circulating supply of Pi coin.
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According to the latest exchange data, $588,000 worth of Pi IOU contracts have changed hands across crypto exchanges BitMart, HTX and CoinW. However, I would be cautious to invest in these derivatives as they currently seem to be overvalued.
Pi Coin Price Prediction 2025
All the Pi coin price predictions that you find on the internet these days are nothing but clickbaits and dubious speculations. This is because the real coins are yet to hit the market and trade freely on digital asset exchanges. It is better to wait for further clarity from the team before selling your holdings for pennies in the p2p markets.
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? One of the most common speculative price circulating out there is that Pi will be worth $314,159 (a play with the value of Pi) when it lists. However, that remains nothing more than speculation. To answer the question of the price of Pi coin when it starts to trade this year and my general Pi price prediction for 2024, I will use several concepts that help explain why cryptos increase or reduce in price.
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 billions at the launch of Pi coin, the resulting prices of the cryptocurrency will be worth pennies. This puts all the dubious price speculations above $1 to rest. Pi Coin price of more than a few pennies would make it extremely overvalued due to its very high circulation.
Pi Network Usecase
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 financial institutions. 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. Although Pi network team has mentioned a lot of use cases for the coin, most of them are yet to see the light of day. Therefore, only time will determine the true usability of this new cryptocurrency.
The third and last concept I will use for my Pi Coin price prediction for 2024 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.
Even though the team has been very active on Twitter, they are still keeping the community in the dark regarding the roadmap for the mainnet’s public release. This situation is making many loyal community members to have second thoughts on the project.
Also, there have been whispers about a possible partnership between Pi Network and Amazon for a while now. That would involve PiCoin becoming a payment option on the platform. However, after months of speculation, the world’s largest online retailer has still not said whether it will accept PiCoin as a payment option. Nonetheless, the PiCoin community still holds on to that hope, and if Amazon were to adopt PiCoin, it would be a huge step forward and a huge validation of utility.
Pi Coin Price Prediction 2025
I expect the crypto to launch in the second half of 2024 at around $0.2 to $0.5. With the Pi open Mainnet expected to launch in 2024, the project might see some price stability in 2025.
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 2023 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, the open mainnet launch and listing on exchanges puts those concerns to rest. Also, the Pi Core team previously 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.
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 your investment.