I’m a big fan of crypto and Pi Network caught my eye. It’s a mobile-first cryptocurrency project from Stanford University alumni. The recent price changes and market trends have made me curious. Let’s explore the current Pi coin value, its performance, and what might happen next.
Right now, the Pi Network price is $52.69 USD, with a 24-hour trading volume of $790,8371. It has a market cap of $0.00 and a market dominance of 0.00%1. The price might seem low, but it’s key to understand the project’s past and what affects its price today.
Pi Network’s price has gone up and down a lot. It hit a high of $299.20 on December 30, 2022, and a low of $17.04 on May 12, 20231. The highest price since the last cycle low was $130.88, while the lowest price since the all-time high was $17.041. The project’s price swings are still quite high at 17.09%, and the Fear & Greed Index shows “Extreme Greed.”1
In the last year, Pi Network’s price went up by 53%, beating 79% of the market1. But, it’s still 82% lower than its peak1. In the last month, its price in US dollars went up by 6.17%, but it fell by 29.26% against Ethereum and 23.60% against Bitcoin1.
Key Takeaways
- Pi Network price currently stands at $52.69 USD, with a 24-hour trading volume of $790,837.
- The project has experienced significant price volatility, reaching an all-time high of $299.20 and a low of $17.04.
- Pi Network’s price has increased by 53% in the last year, outperforming 79% of the market, but it is still down 82% from its all-time high.
- The project’s volatility remains high at 17.09%, and the Fear & Greed Index indicates “Extreme Greed.”
- Pi Network’s price has increased by 6.17% against the US dollar in the last month, but it has declined by 29.26% against Ethereum and 23.60% against Bitcoin.
Introduction to Pi Network and Its Digital Currency
Pi Network is a blockchain project started by Stanford University alumni. It aims to make cryptocurrency mining easy through a mobile-first approach2. Since its launch in 2018, it has grown to over 33 million users2.
The Stanford Origins of Pi Network
A team from Stanford University created Pi Network. They wanted a social cryptocurrency for everyone, not just tech experts3. Dr. Chengdiao Fan and Dr. Nicolas Kokkalis aimed to make it easy for many people to use3.
Mobile-First Mining Approach
Pi Network focuses on mobile mining. Users can earn Pi coins by tapping a button daily, no special gear needed2. This makes it easy for a wide range of people to join the decentralized ecosystem2.
Core Development Team Vision
The Pi Network team wants to build a developer platform for a thriving blockchain initiative. They’re working towards a Mainnet launch in 2024. They’ve also held a Pi Hackathon to boost app development and ecosystem growth3.
“Our goal is to create a new, decentralized ecosystem that is accessible to everyone, regardless of their technical or financial background.”
– Dr. Chengdiao Fan, Co-founder of Pi Network3
Current Pi Coin Market Value and Price Analysis
The Pi coin’s value is now at $52.69 USD per coin4. This is about 0.000553 BTC1. The highest price was $299.20, and the lowest was $17.041. Over the past year, the price of PI has gone up by 53%1.
People’s feelings about Pi are shown on Crypto.com, with a Fear & Greed Index of 7814. This means they think it’s in an “Extreme Greed” phase. In the last month, the price of Pi Network in US Dollar went up by 6.17%1.
| Metric | Value |
|---|---|
| Current Price | $52.69 USD |
| Price Prediction | $167.63 USD (228.93% increase) |
| Fear & Greed Index | 78 (Extreme Greed) |
| Volatility | 17.09% |
| Green Days (Last 30 Days) | 20 out of 30 (67%) |
Over the last three years, Pi Network has grown by 156.96% on average1. The best quarter was Q4 with a 199.49% gain, and the worst was Q1 with a 31.17% loss1. Pi Network has been above $30 for 76.45% of its time1.
The top year for Pi Network was 2022 with a 400.00% increase1. The worst year was 2023 with an 86.08% decline1.
It’s important to note that Pi Network doesn’t share its circulating supply13. It’s not trading on trusted exchanges or with fiat currencies13. The future price and exchangeability of Pi coins are uncertain, as the network is still developing3.
Understanding Pi Network’s Mobile Mining Ecosystem
The Pi Network has made cryptocurrency mining easy for smartphone users everywhere. It’s different from old mining ways that need special gear and lots of power. Now, anyone with a smartphone can join in.
How Mobile Mining Works
The Pi Network’s mining system uses a mobile app. Users just tap a button on their phone once a day to start mining5. This way, you don’t need expensive mining rigs, which can cost a lot5.
The app uses the Stellar Consensus Protocol. This lets users mine without using up their phone’s battery or data5.
Daily Mining Process
The daily mining process is easy and open to all. Users just open the app, tap the mining button, and their work is recorded6. This makes it simple for people to keep coming back, growing the community of “Pioneers”6.
User Engagement Model
The Pi Network rewards users for being active. As you contribute, you can earn different ranks and get more benefits6. New users even get 1 PI just for signing up, encouraging more people to mine6.
The Pi Network’s mobile-first approach makes it easier for many to own and use crypto5. This new way could help more people join the blockchain world5.
Pi Network Price Tracking: $52.66 USD Current Value
The price of Pi coin is now $52.66 USD7. This shows how the market sees the Pi Network project. Even though we don’t have all the historical data, this info helps us understand Pi Network’s current situation7.
In the last hour, Pi coin’s price went up by 2.94%. Over the past 24 hours, it rose by 0.82%. But, it fell by 5.97% in the last 7 days and 3.31% in the last 30 days7. Its highest price was $130 USD7.
The 24-hour trading volume for Pi coin is $438,469 USD. It’s traded on platforms like htX and Bitmart7. The exchange rates for Pi coin are ¥384.372648352 in China, €50.186626454 in Europe, £41.625384805 in the UK, ₹4465.22311552 in India, and ¥7892.81208276 in Japan7.
The Pi Network is growing, but the crypto market is also changing. Coins like Vita Inu VINU, Koma Inu KOMA, Bertram The Pomeranian BERT, and Opulous OPUL have seen big price changes. Qubic QUBIC, however, has dropped by 0.82%7.
As Pi Network moves forward, its coin’s value will be affected by many things. These include how many people use it, its development, and the crypto market’s trends7. Investors and fans should keep an eye on the price and market news to know what’s happening with Pi Network and its coin7.
Market Capitalization and Trading Volume Analysis
Pi Network, a unique mobile-first cryptocurrency, shows interesting market dynamics. The 24-hour trading volume for Pi is $790,837 USD1. However, its market capitalization is not shared, showing a lack of clarity on its total value1.
24-Hour Trading Volume Insights
The 24-hour trading volume of $790,837 USD for Pi Network1 shows low liquidity and activity. This is likely due to its early development stage and limited trading platform availability1.
Supply Metrics and Market Impact
Pi Network has a total supply of 68.00M PI coins, with a maximum of 100.00B1. Yet, the circulating supply is not known, making it hard to gauge its market influence and price growth potential1.
The lack of clear market capitalization and circulating supply data might slow Pi Network’s adoption. As it grows, the Pi team must offer detailed and reliable market data. This is key for gaining investor and user trust1.
“The market capitalization and trading volume of Pi Network are important metrics that provide a snapshot of the coin’s current status and potential for growth. As the network continues to develop, transparency around these key figures will be crucial for building trust and driving mainstream adoption.”
Pi Coin Supply Dynamics: Total vs Circulating Supply
The Pi Network is a unique decentralized cryptocurrency. It has a total supply of 100 billion PI coins. Currently, there are 68 million PI coins in circulation8. However, the exact circulating supply is not known, making it hard to figure out the network’s market value9.
The Pi core team has a plan to keep things stable. They lock 80% of the PI for three years8. The remaining 20% goes to the team, with 65% for mining rewards, 10% for growth, and 5% for exchange liquidity8.
The Pi Network’s supply and distribution are key to its cryptocurrency economics and token distribution9. People will watch how the network grows. They’ll see how the Pi coin supply changes as it gets ready for its mainnet launch9.
| Metric | Value |
|---|---|
| Total Pi Coin Supply | 100,000,000,000 PI |
| Current Total Supply | 68,000,000 PI |
| Circulating Supply | NaN PI |
| Locked Supply | 54,400,000 PI (80% of total) |
| Available for Distribution | 13,600,000 PI (20% of total) |
The Pi Network’s cryptocurrency supply is complex. It’s important for understanding its market impact and price changes9. As the project grows and gets ready for the mainnet launch, everyone will watch these supply numbers closely9.
“The distribution of Pi coins is carefully designed to ensure long-term stability and sustainable growth for the network.”
pi coin price, pi network price,1 pi coin value
The cryptocurrency market is always changing, making the price and value of Pi coin very important. The Pi Network, started in 2018, has caught the eye of many. It’s a mobile-first cryptocurrency project10.
Price Movement Patterns
The Pi coin’s current price is $52.8510. But, its price has been steady because it’s still in its pre-mainnet phase. The lowest price in 24 hours was $50.56, and the highest was $53.47. This shows some ups and downs in the market10.
Value Proposition Analysis
The Pi coin’s main value is its mobile-first design. It’s easy for many people to use, thanks to smartphones and a unique mining process. This makes cryptocurrency more accessible to everyone, not just tech experts10.
Even without all the data, the Pi Network’s innovative approach has sparked a lot of interest. As it moves towards its mainnet launch, we’ll see more about its impact on the market10.
Upcoming Mainnet Launch: Impact on Pi Value
The Pi Network’s mainnet launch by the end of 2024 is set to greatly influence Pi Coin’s value11. Once launched, Pi Coins can be traded for other digital assets or even cash. This could change how much people value the coin and how it moves in the market.
Experts predict Pi Network’s price to swing between $35 and $50 by December 202411. It might even jump to $100 in the years after11. But, how well Pi Coin does in the long run will depend on its success and how many people use it12.
The mainnet launch is set for December 2024, which will shed light on Pi Network’s progress11. Important dates like September 30, 2024, for KYC and mainnet migration will also affect short-term prices11.
Efforts to engage the community, like PiBridge events, could boost Pi Coin’s long-term value11. Yet, worries about the project’s future due to delays in launching a tradable token might lower investor trust11.
The Pi Network’s mainnet launch is a key event that will influence the future of cryptocurrency value and Pi Network development13. Both investors and fans will watch the project’s progress closely. They will see how it affects the mainnet launch of the Pi Coin13.
“The Pi Network mainnet launch has the potential to significantly impact the value of the Pi cryptocurrency, but its success will depend on factors like user adoption, regulatory landscape, and technological advancements.” –12
Technical Analysis of Pi Network’s Infrastructure
Pi Network has made big steps in improving its tech. The latest is Testnet 2.0, which has made transactions faster14. Now, transaction fees are just 0.0000099 Pi, making it easier for people to use14.
Testnet 2.0 Features
The Testnet 2.0 upgrade has brought in many useful features. It has made transactions smoother and fees lower14. These changes aim to fix past issues and make the network better for everyone14.
Transaction Fee Structure
The Testnet 2.0 upgrade has focused on making fees lower14. Now, fees are just 0.0000099 Pi, making it more affordable for users14. This change shows Pi Network’s goal of making a blockchain that’s easy to use, not just for speculation14.
Lower fees mean more people can use Pi Network, making it more useful14. Pi Network wants to grow its community by making it easier to use its blockchain14.
Pi Network is getting better, focusing on its tech and blockchain principles14. The Testnet 2.0 and lower fees are big steps. They show Pi Network’s dedication to a user-friendly and affordable digital currency14.
Pi Network’s Market Position and Potential
The cryptocurrency market has seen a surge of interest in the Pi Network. This unique mobile mining platform has attracted millions of “Pioneers” to its ecosystem15. Pi tokens are not yet operational, but they are available on some platforms like CoinW, HTX, and BitMart15.
The Pi Network community has set a Global Consensus Value (GCV) of $314,159 per Pi coin. This shows the high expectations and demand for the digital currency15. With millions of users, this could drive the value of Pi coins even higher when the network fully transitions to Mainnet15.
Rumors of Elon Musk releasing a “Pi Phone” and accepting Pi Network coins could boost interest and value. This could make Pi tokens a revolutionary force in the cryptocurrency world15. The network’s approach to digital currency transactions and mining could change the game in the market15.
The current price of Pi coin is $52.69, with a diluted market capitalization of $5.27 trillion. The 24-hour trading volume is $790,8371. The network’s volatility is very high at 17.09%, and the Fear & Greed Index is at 78, showing “Extreme Greed”1. Over the past year, Pi Network has seen a 53% increase in price, with a 400% growth in 20221.
As the Pi Network evolves and the Mainnet launch approaches, its potential to disrupt the market is intense speculation15. Its unique mobile mining approach and growing user base suggest a promising future. However, the success of Pi coins will depend on their real-world adoption and utility15.
| Metric | Value |
|---|---|
| Pi Network Current Price | $52.691 |
| Market Capitalization | $0.001 |
| Diluted Market Capitalization | $5.27T1 |
| 24-Hour Trading Volume | $790,8371 |
| Volatility | 17.09% (Very High)1 |
| Fear & Greed Index | 78 (Extreme Greed)1 |
| Circulating Supply | Not disclosed1 |
| Total Supply | 68.00M1 |
| Maximum Supply | 100.00B1 |
Trading Platforms and Exchange Listings
The number of cryptocurrency exchanges and trading platforms for Pi coin is key for investors and users. Since Pi Network is still in its pre-mainnet phase, Pi coins are not found on major global exchanges1.
Current Exchange Availability
The Pi Network team is working hard to get more exchange listings. But for now, trading Pi coins is limited. Some platforms offer IOU (I Owe You) trading, letting users bet on Pi’s future value. Yet, these IOU tokens might not be moved between different exchanges1.
IOU Trading Considerations
When trading IOU for Pi coins, investors and users should be careful. The Pi Network’s pre-mainnet status adds risks and uncertainties. The IOU token’s value might not show the real Pi coin availability and price1.
As the Pi Network project grows towards its mainnet launch, more Pi coins will likely appear on cryptocurrency exchanges. Users should keep up with the latest news and check reliable sources. This way, they can make smart choices about joining the Pi Network1.
Price Performance Metrics and Historical Data
The Pi Network cryptocurrency has caught a lot of attention. But, it’s hard to analyze its performance because there’s no historical price data. The current price of Pi is $ 52.69 USD1. But, we can’t see the all-time high and low prices, percentage changes, or long-term trends because there’s not much trading history.
The data we have shows Pi’s price has gone up by 53% in the last year1. In the last month, its price has risen by 6.17%1. But, when compared to Ethereum and Bitcoin, Pi’s performance is not as strong. It has dropped by 29.26% and 23.60% in the last month1.
Even with limited data, Pi Network has shown a 156.96% average yearly growth over the last 3 years1. The fourth quarter (Q4) has seen the highest average gain of 199.49%, while the first quarter (Q1) has seen the lowest average loss of 31.17%1. As the network grows and the mainnet launch gets closer, we’ll see more data. This will help us understand Pi’s market position and potential better.
FAQ
What is the current value of Pi coin?
The current value of 1 Pi coin is $52.66 USD.
What is the 24-hour trading volume for Pi coin?
The 24-hour trading volume for Pi coin is $430,379 USD.
What is the max supply and total supply of Pi coins?
The max supply of Pi coins is 100 billion. Currently, there are 68 million in total.
What is the Pi Network project?
Pi Network is a blockchain project by Stanford alumni. It’s for mobile use. It aims to make crypto mining easy and accessible on phones.
How does the Pi Network mining process work?
Pi Network lets users mine crypto on their phones. They just tap an app button once a day. It’s easy and doesn’t need a lot of power.
What are the key metrics for the Pi coin price?
The value of 1 Pi coin is $52.66 USD. It’s also worth 0.000553 BTC. But, market cap and circulating supply data are not available.
What is the current total and max supply of Pi coins?
Pi coins have a max supply of 100 billion. There are 68 million in total now. But, circulating supply info is not available.
When is the Pi Network mainnet expected to launch?
The Pi Network mainnet is set to launch by the end of 2024. No exact date is confirmed yet. The launch will let Pi Coins be exchanged for other assets, which could change its value.
What are the recent developments in the Pi Network infrastructure?
Pi Network recently launched Testnet 2.0. It makes transactions faster and cheaper. Now, transaction fees are 0.0000099 Pi, making the network more useful.
Where can Pi coins be traded?
Pi coins are not on big exchanges yet because of their pre-mainnet status. Some platforms offer IOU trading for Pi. But, these may not be transferable. Users should be careful and do their research before trading IOUs.
What is the historical price data for Pi coin?
Pi coin’s historical prices are limited because it’s still in pre-mainnet status. The current price is $52.66 USD. But, data like all-time highs, lows, and long-term trends are not available.