Did you know Pi Network has over 3.44 million followers on Twitter since May 2019? This shows a lot of people are interested in this new cryptocurrency. It’s seen as a big deal in the digital money world1.
For those looking to invest or just curious, knowing about Pi Coin is key. We’ll look into its price, how it’s doing in the market, and what affects its value. With its price today at $51.86, we’ll dive into what makes this cryptocurrency special1 and2.
Key Takeaways
- Pi Network has a big following of 3.44 million on Twitter, showing strong community interest.
- The current market price of Pi Coin shows a lively trading scene, with price changes in the last week.
- It’s important to understand what affects Pi Coin’s value for those thinking of investing.
- The market for Pi is known for being very volatile and risky, so investing needs careful thought.
- Thanks to tech advancements and community support, Pi Coin could see growth in the future.
What is Pi Network?
The Pi Network is a new way to mine digital currency using mobile devices. It’s called mobile mining and doesn’t use up your phone’s battery. It was started in 2019 by Dr. Chengdiao Fan and Dr. Nicolas Kokkalis from Stanford.
This project wants to build a blockchain that’s run by a community. It uses a mobile system to make transactions easier3.
The Pi Network is in Phase 3, called the “Enclosed Mainnet.” It plans to go public by the end of 20243. Even though it’s easy to mine, you can’t trade it yet. You can only trade IOUs on some exchanges3.
Some users have had problems with the app. They can’t change their names linked to Facebook accounts. There are also worries about personal info being sold4.
The Pi Network focuses on keeping user info private. It uses new tech like zero-knowledge proofs. This makes it a safe choice in the digital currency world5.
It also uses a special protocol to make sure everyone can join. You don’t need to know a lot about tech to use it5. The app has been updated, showing it’s still being worked on4.
Understanding Pi Coin
Pi Coin is the main cryptocurrency of the Pi Network. It helps with transactions and brings people together in its community. It makes mining easy on mobile devices, making it accessible to more people.
Overview of Pi Coin
The Pi Network started in 2019 and is now in Phase 3, called the “Enclosed Mainnet.” They hope to launch the Mainnet by the end of 20243. Even though Pi coins are worth nothing now, experts think they could be worth between USD 33 and USD 40 by 20253.
Pi Coin has a limited supply, but no cap has been set yet3. You can’t buy Pi coins on any exchanges yet, showing it’s still in its early stages.
How Pi Coin Works
Pi Coin uses a simple mobile app for mining. You don’t need expensive gear or know a lot of tech to start3. This makes it easy for more people to join and mine.
You can start mining without giving out personal info. Just a Facebook account or email is needed3. Soon, a Know Your Customer (KYC) step will be added to make it safer.
The success of Pi Coin depends on moving from a test network to a real blockchain. This is key for safe transactions and apps3. As Pi Network grows, keep an eye on updates and how it does in the market.
| Data Point | Details |
|---|---|
| Current Price | $52.56 |
| 24-Hour Trading Volume | $772,337 |
| Market Cap | $0.00 |
| Circulating Supply | 68.00M |
| Maximum Supply | 100.00B |
| Price Change (Last 24 hours) | -3.42% |
| Price Change (Last 30 days) | +24.43% |
| 2022 Price Growth | 400% |
| Annual Growth Rate (Last 3 years) | 156.96% |
Pi Network Price Analysis
The Pi Network price is now at $52.56, showing a lot of market interest. Investors are looking closely at the price trends and analysis in this new cryptocurrency world6. In the last 24 hours, Pi’s price went as low as $50.73 and as high as $55.30. This shows a lot of trading activity, even with some ups and downs5.
The price has gone up by 24.43% in the last 30 days and by 49.10% in the last 90 days. This shows a steady increase in value over the past few months2.
Experts think Pi’s price could hit about $177.48 in the next year. This would be a 229.35% increase from now6. The market feels very optimistic, with a Fear & Greed Index of 84. This means investors are very hopeful about the future prices6.
Looking ahead to 2025, the average price of Pi is predicted to be around $142.58. This could lead to a return on investment of up to 314.17%6.
From a technical standpoint, the 50-day simple moving average is at $44.60, and the 200-day average is at $39.49. This shows a strong upward trend6. The 14-day RSI is 54.13, which means the market is stable. This stability suggests a good chance of involvement in long-term cryptocurrency trends6.
Current Pi Coin Price
The pi network price today is about $51.87, catching the eye of investors and crypto fans. In the last 24 hours, the trading volume was $112,313.44, with a -3.42% price drop2. This shows how the pi coin price can change a lot.
Pi Network Price Today
The price of Pi Coin has changed a lot lately. The pi network price dropped by 2.05% in the last 24 hours and 1.36% in the past week1. But, in the last 30 days, it went up by 24.43%2.
Historical Price Trends
Looking at historical prices, Pi Coin has seen big highs and lows. Its highest price was $330.65 on December 30, 2022. The lowest was $0.1794 on April 7, 20241. Now, the pi network price trends show a tough market.
Knowing these price changes helps fans make smart choices in the changing crypto world.
Factors Influencing Pi Coin Value
For those thinking about investing in Pi Coin, it’s key to know what affects its value. Market demand and supply, along with tech advancements, play big roles.
Market Demand & Supply
The price of Pi Coin depends a lot on how much people want it and how much is available. Right now, not many places trade it, making it hard to figure out its true worth. But, as more people join, the demand grows, which can push the price up.
For example, by March 2022, Pi Network users jumped to 33 million. This is a big jump from just over 3.5 million a year before7. As more people join, the mining rate goes down, which affects how much Pi Coin is available7. This balance between demand and supply is key to Pi Coin’s value.
Technological Developments
Improvements in the Pi Network’s tech are also important for Pi Coin’s value. New features and a smoother mainnet transition keep users interested. These updates make the network more secure and easier to use.
For instance, a hackathon in early 2023 got users excited to build on the Pi Network7. As tech keeps getting better, it’s likely to make investors more confident and boost Pi Coin’s value.
Pi Coin Market Performance
The market performance of Pi Coin has shown interesting dynamics recently. As of now, Pi Coin’s price is $51.87 per USD, with a 24-hour trading volume of $112,313.44 USD2. Over the past 24 hours, Pi Coin’s price has decreased by 3.42%. It had a low of $50.03 and a high of $55.672. This shows the volatile nature of pi coin investments, with investors cautious due to various factors.
Sentiment in user reviews of the Pi Coin app is mixed. It has a rating of 4.4 out of 5 based on 746,000 reviews. Some users faced frustrations with account login and wallet creation. Others mentioned issues with mandatory advertisements disrupting their use8. There were also concerns about identity management and privacy, especially after connecting accounts to social media platforms4.
Despite its current price, which is lower than its all-time high of $330.65, the Pi Coin market is still strong. Developers are working on improving performance. The potential for pi coin investments could change, depending on how quickly they address user concerns and add new features4.
Comparative Analysis with Other Cryptocurrencies
The world of digital currencies is always changing. A detailed look at different cryptocurrencies helps investors make informed choices. Pi Coin is compared to well-known cryptocurrencies to see where it stands and how it might grow. Right now, Pi Coin’s price is $52.56, and experts think it could hit $177.48 in the future6.
Pi Coin’s performance has been up and down. It hit a low of $50.73 and a high of $55.30 in just 24 hours. This shows the usual ups and downs of new cryptocurrencies5. Bitcoin and Ethereum, on the other hand, have steady trading and are widely used. Pi Coin tries to stand out by focusing on trust and community2.
It’s important to remember Pi Coin’s highest price was $330.65, reached on December 30, 2022. This high point is something investors are watching closely. The Fear & Greed Index, at 84, also gives clues about the market’s mood when comparing Pi Coin to others6.
Pi Coin’s market cap is $0, thanks to its unique way of being distributed. Its 24-hour trading volume is $400.63K, showing it’s starting to make a mark. Keeping an eye on these numbers helps investors understand Pi Coin’s place in the market5.
| Cryptocurrency | Current Price | All-Time High Price | 24h Trading Volume | Market Cap |
|---|---|---|---|---|
| Pi Coin | $52.56 | $330.65 | $400.63K | $0 |
| Bitcoin | $28,500 | $68,789 | $24B | $550B |
| Ethereum | $1,800 | $4,878 | $8B | $220B |
The Future of Pi Coin Value
The future of Pi Coin looks bright, thanks to growing user numbers and tech advancements. As Pi Network gets ready for its Mainnet launch in 2024, more people want to invest in Pi Coin. Experts predict different scenarios that could affect its value.
Market Predictions
People are feeling optimistic about Pi Coin, with its price at $52.56 and expected to hit $177.48 by December 14, 2024. This would be a 229.35% jump6. The Pi Network’s Fear & Greed Index is at 84, showing extreme greed, which is good for growth6. As more users join, Pi Coin’s price might keep going up, making investors hopeful for its future, especially after it moves from Testnet to Mainnet9.
Investment Insights
Investing in Pi Coin could be rewarding, but it’s important to understand the risks. Experts say investing $1,000 today could return $3,866.28 by December 22, 2024, a 386.63% gain6. With over 29 million active users in November 2020, Pi Network is expected to grow. However, investors should be aware of the risks of investing in unlaunched cryptocurrencies9. As more people join, the chance for big returns grows, but it’s key to remember that the market can be unpredictable.
| Period | Price Prediction | Potential ROI |
|---|---|---|
| Now – Nov 2024 | $53.89 – $70.25 | 2.53% – 33.66% |
| December 2024 | $177.48 | 229.35% |
| 2025 | $142.58 | 96.30% – 314.17% |
| 2026 | $77.89 | 36.93% – 156.88% |
| 2027 | $60.12 | 3.63% – 121.74% |
| 2028 | $111.75 | 62.19% – 227.89% |
| 2029 | N/A | 189.23% – 558.11% |
| 2030 (April) | $201.80 | 283.94% |
Pi Coin Network Price & Value: How Does It Measure Up?
The pi coin price is currently at $51.87 per Pi. This reflects a 24-hour trading volume of $112,313.44 USD. The price has dropped by -3.42% in that time2. On the other hand, the pi network price is at $52.56, with a 24-hour trading volume of $772,337. The market cap is still at $0.0010. This shows how competitive the cryptocurrency market is, especially when looking at historical data.
Pi Coin saw its all-time high at $330.65, but its current market cap is zero. This is because there are no coins in circulation2. Pi Network also reached a high of $299.20 on December 30, 2022. This highlights the potential for growth in the future10. The price changes over time show both opportunities and risks for investors.
In the last 30 days, Pi’s price has gone up by 24.43%. This is a positive trend2. Over the past year, it has increased by 47%, beating 59% of its peers10. The quick price changes in quarterly data show both volatility and potential in investing in Pi10.
Understanding the price dynamics and trading volumes is key for investors. It helps them see where Pi Coin and Pi Network stand in the cryptocurrency market. These insights, along with future trends, can help in making a strong investment plan.
| Metric | Pi Coin | Pi Network |
|---|---|---|
| Current Price (USD) | $51.87 | $52.56 |
| 24-Hour Trading Volume (USD) | $112,313.44 | $772,337 |
| All-Time High (USD) | $330.65 | $299.20 |
| 24-Hour Price Change (%) | -3.42% | Not Provided |
| Performance Last 30 Days | +24.43% | +32.98% |
| Market Cap (USD) | $0 | $0 |
How to Buy Pi Coin
Buying Pi Coin might seem hard, but it’s easy with the right steps. This guide will help you get your Pi Coin safely and effectively.
Step-by-Step Guide
To buy Pi Coin, start by picking a good cryptocurrency exchange. Pi Network is on three exchanges, making it easy to trade11.
Then, make an account on your chosen exchange. You’ll need your email and a strong password. Some exchanges might ask for more info, like ID checks12.
After your account is ready, add money to it. You can use cryptocurrency or stablecoins. Remember, Pi Network doesn’t use fiat currency11.
When your account has funds, find Pi Coin on the exchange. Place an order to buy it, choosing how much you want. Make sure to check the price, as it changes. The current price is about $52.5611 and $51.872.
After buying, think about moving your Pi Coin to a private wallet. This can make it safer than keeping it on the exchange.
In short, this guide will teach you how to buy Pi Coin well. Always keep up with market news. Pi Network’s trading volume is $772,337, and prices have gone down recently11. Knowing this helps you make smart choices.
Where to Trade Pi Coin
Several cryptocurrency exchanges now list Pi Coin, showing its growing popularity. CoinW is the top place to trade Pi Coin, with the PI/USDT pair being the most active. It has a trading volume of $372,26911. BitMart is also an option, but it’s not as well-known in the Pi Coin trading world.
There are only 3 trading pairs for Pi Network on these exchanges. Users need to think carefully about where to trade Pi coin. The current price is $52.56, but the price has dropped by -2.45% in the last 24 hours11. It’s important to remember that Pi coins can’t be bought or sold on big exchanges like Binance or Kraken, or on decentralized exchanges (DEXs)13.
Traders should know that Pi coins are not directly traded. Instead, they are traded as “Pi coin IOUs” with random values. These IOUs don’t reflect the real Pi coin price, making the investment speculative13. It’s crucial to understand these details before investing in or trading Pi Coin.
Potential Risks in Investing in Pi Coin
Investing in Pi Coin comes with investment risks that investors should know. Market volatility is a big worry, as Pi Coin’s price has swung wildly. It hit a high of $330.65 on December 30, 2022, and a low of $0.1794 on April 7, 20249. This shows how unpredictable its value can be.
Another risk is the regulatory challenges that cryptocurrencies face worldwide. The status of Pi Coin in different places is still unclear. This can cause sudden changes in market acceptance and prices. The uncertainty about when users can exchange their Pi coins for real money also adds to the pi coin risks.
Moreover, Pi Network’s goal of being decentralized might face scalability issues as more people join14. This could slow down transactions and make using the network harder. Such problems can make it tough to decide whether to invest.
Investing in tech-based currencies like Pi Coin also means considering its unique way of distributing currency. This is done through user interaction with ads. Such models might not keep generating value in the long run, raising questions about the project’s long-term success15.
| Risk Factor | Description | Impact on Investment |
|---|---|---|
| Market Volatility | Fluctuations in Pi Coin price. | High potential for gains and losses. |
| Regulatory Challenges | Uncertainty in legal status globally. | Potential for sudden market shifts. |
| Mainnet Launch Delays | Uncertainty regarding functionalities. | Reduces immediate utility and value. |
| Scalability Issues | Challenges in managing increased users. | Affects transaction efficiency. |
| Ad Revenue Model | Sustainability of a user-incentive system. | Long-term value generation concerns. |
Knowing about these pi coin risks helps investors make better choices in the fast-changing world of cryptocurrencies. Each risk needs careful thought when considering potential investments15914.
Community and Ecosystem of Pi Network
The pi network ecosystem thrives on active participation and collaboration. Users are key to the project’s growth and sustainability. Community engagement creates a sense of belonging and shared purpose.
Founded in 2019 in Palo Alto, California, Pi Network has quickly become a leader in digital currency. It ranks 11th among 1798 active competitors16.
Pi Network has raised funding over one round, backed by 137 Ventures, Ulu Ventures, and Designer Fund. The latest funding round was on November 29, 202316. Engaging the community builds trust and loyalty, boosting the network’s value.
The current Pi coin price is about $51.87, down 3.42% in 24 hours. Trading volume is around $112,313.44 USD2. These numbers show the ecosystem’s dynamic nature and adaptability.
Looking at history, Pi Network’s price has grown significantly. It’s up about 32.98% in the last month10. Community efforts drive interest and investment, ensuring the network’s success.
Conclusion
Pi Coin is a strong player in the crypto world, showing great potential for growth. The current price is $51.87, down 3.42% in the last 24 hours. The trading volume was $112,313.44 in that time2 and10.
Looking back, Pi Coin has shown it can bounce back. It gained +24.43% in the last 30 days. And over the past year, it has seen significant ups and downs, showing its volatility and potential2 and10.
The pi network is changing the game with its mining and engagement methods. It hasn’t hit big exchanges like Binance yet. But, it’s active on CoinW and BitMart, where investors are watching its value17.
For those interested, keeping up with tech updates and community involvement is key. This will help you understand where the pi network is headed.
Getting a full picture of the pi coin world is crucial for investors. It helps them see both the chances and the risks. As the network grows, its success will depend on wider acceptance and tech advancements17.
FAQ
What is Pi Coin?
Pi Coin is the main cryptocurrency of the Pi Network. It’s for making transactions and joining in community activities. You can mine Pi tokens using a mobile app, making it easy for more people to get involved.
How can I mine Pi Coin?
Mining Pi Coin is easy with the Pi Network’s mobile app. It won’t use up your phone’s battery. Just download the app, sign up, and click the mining button every day to start earning coins.
What is the current price of Pi Coin?
The latest price of Pi Coin is about $52.56. It has a trading volume of around $772,337 in 24 hours. But, trading is limited because the mainnet isn’t launched yet.
Why is the Pi Network price so volatile?
Pi Coin’s price swings a lot because there are few places to trade it. This leads to a lot of speculation and excitement about the mainnet launch.
What factors influence the value of Pi Coin?
Several things affect Pi Coin’s value. These include how much people want it, how much is available, the network’s tech advancements, and what people think about cryptocurrencies in general.
Where can I trade Pi Coin?
You can trade Pi Coin on platforms like CoinW and BitMart. It’s important to pick a trustworthy platform to get good prices and avoid high fees.
What are the potential risks of investing in Pi Coin?
Investing in Pi Coin comes with risks. These include price swings, legal issues, and uncertainty about the mainnet launch. Always do your homework before investing.
What are the future predictions for Pi Coin value?
Predictions for Pi Coin’s future vary a lot. They depend on the success of the mainnet launch and how many people use it. Experts say to be careful because new cryptocurrencies are risky.